/kəʊˈɒpərətɪv/ – noun
Definition: Hợp tác.
A more thorough explanation: 1. (US) an apartment building owned by its residents
2. an organization or business that is owned and managed by the people who work in it, with the profits (=money made after paying the costs) or benefits shared among them
Example: 1. We live in a cooperative that allows shareholders that have lived here prior to 2006 the right to own dogs.
2. The organization is run as a cooperative and it is managed on a not-for-profit basis.