Later, the deputies debated the revised Law on Cooperatives. They agreed that developing the countries’ cooperatives is one of the Party and State’s major policies. They underlined that the main differences between cooperatives and standard businesses lies in their aim and objectives, their ownership, and economic relationships. Some deputies differed on the maximum amount of capital each member should contribute before joining a cooperative. Some suggested adhering to the 20% maximum capital contribution recommended by the International Cooperatives Alliance. A number of deputies proposed removing the Chapter on the Cooperatives’ Alliance, as referred to in the Draft Law while regulating it as an organization operating in accordance with the law on association, which represents and protects the rights of cooperatives and the cooperatives’ alliance. Deputy Le Dac Tam from Binh Thuan province said: “Although cooperatives do not contribute significantly to the country’s economy, they bring about many social benefits, and are a good model of socialism working in a market economy. IN practice, cooperatives help to improve social unity, contribute to vocational training and create jobs. I propose that this revised Draft Law should focus on the cooperatives’ position in the local community and its social efficiency. I entirely agree with this draft law as it points out the government’s preferential and supportive policies for cooperatives. The legal framework now set in place will facilitate the self-regulating smooth operations of cooperatives."