Collective economy and agricultural cooperatives have developed in both quantity and quality, contributing to the restructuring of agriculture and new rural building.
Hanoi (VNA) – Collective economy andagricultural cooperatives have developed in both quantity and quality,contributing to the restructuring of agriculture and new rural building, DeputyPrime Minister Vuong Dinh Hue said at a conference in Hanoi on July 20.
The event aims to review the 15-yearimplementation of the ninth Party Central Committee’s resolution oncontinuously reforming, developing and improving the economic efficiency ofcollective economy in agriculture.
According to the Deputy PM, agriculturalcooperatives make up 62 percent of the 23,000 cooperatives nationwide.
Statistics from the Ministry of Agriculture andRural Development showed that as of June 30, 2019, the country had 14,452agricultural cooperatives, 55 percent of which are operating actively.
The average revenue and profit of a cooperativewere estimated at over 1.6 billion VND and 203.5 million USD, up 3.5 times and4 times respectively against 2003.
Averagely, one province has 220 cooperatives.The Red River Delta led in the number with 362 cooperatives in a province,while the south-eastern region ranked last with 85 cooperatives in a province.
As of December 31, 2018, the country had 39,354cooperative groups in the field of agriculture, up 32,759 groups compared to2003.
Deputy Minister of Agriculture and RuralDevelopment Tran Thanh Nam said the ministry aims to develop 15,000 effectiveagricultural cooperatives in 2020.
Nearly 8,000 new cooperatives will beestablished in 2025, including 20,000 efficient agricultural cooperatives andcooperative unions.
Between 2025 and 2030, the ministry strives toset up about 4,000 cooperatives, including 25,000 agricultural cooperatives andcooperative unions operating efficiently.
To realise the aforesaid goals, the official urged ministriesand localities to focus on removing difficulties in accessing credit andsupporting the certification of land ownership for cooperatives and developmentof infrastructure, he suggested.-VNA
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The conference in Hanoi on July 20 (Photo: VNA) 
