The study was conducted to determine the factors that affect the performance of new agricultural co-operatives in Hau Giang Province. Data of this study were collected from 40 new agricultural co-operatives in Chau Thanh, Chau Thanh A and Phung Hiep Districts of Hau Giang Province. Applying PLS-SEM method, the study has proved that capital source, management ability, and co-operatives’ members positively affect the operation result of new agricultural co-operatives. Some recommendations have been proposed to improve the performance of new agricultural co-operatives in Hau Giang Province.