Collective economy in Tien Giang province developing diversely: President
President Nguyen Xuan Phuc on April 6 commended the diversity of the collective economic sector in Tien Giang province, which has remarkably contributed to local socio-economic development and poverty reduction.
President Nguyen Xuan Phuc speaks at the working session. (Photo: VNA)
Tien Giang (VNA) – President Nguyen Xuan Phuc on April 6 commended the diversity of thecollective economic sector in Tien Giang province, which has remarkably contributed to localsocio-economic development and poverty reduction.
Speaking at a workingsession with representatives of the Mekong Delta province over the collectiveeconomy, Phuc said many successful models have been duplicated and formed adevelopment trend in the locality.
He stressed that alongwith the State-run economic sector, the collective sector has become a firm foundationof the national economy.
Tien Giang hasseriously implemented Resolution No. 13-NQ/CP that is intended to improve the efficiencyof the collective economy, and has drastically restructured poor-performing establishments.
However, the Presidentsaid, Tien Giang’s socio-economic development, particularly the collectiveeconomy, has yet to match its potential, with few big brands and limited participation in value chains.
He urged the province to try to make better use of its advantages, while working to boost smart agriculture, industry in support of agriculture.
It was reported thatlast year and in the first quarter of this year, 23 new cooperatives were set up in the province, raising the total number to 247 so far with 87,301 members.
The cooperatives havegenerated jobs for 30,634 labourers, each with a monthly income of around 6million VND (262 USD), and posted a combined turnover of 2.65 trillion VND.
President Nguyen Xuan Phuc made a field trip to My Tinh An Dragon Fruit Cooperative in Cho Gao district. (Photo: VNA)
While in Tien Giang,Phuc made a field trip to My Tinh An Dragon Fruit Cooperative in Cho Gaodistrict, which has operated in line with Global Gap standards./.
The Mekong Delta province of Bac Lieu is seeking to develop its collective economy, especially cooperatives that use advanced technologies, from now through 2025.
President Nguyen Xuan Phuc highlighted the increasingly important role of the collective economy and cooperatives in the market economy while talking to officials of Ninh Binh province on November 2.
A national teleconference was held on February 15 to review the 20-year implementation of the Party Central Committee’s resolution on the collective economy and the 10-year enforcement of the Law on Cooperatives.
President Nguyen Xuan Phuc has suggested the Mekong Delta province of Dong Thap focus on developing its key agricultural products and step up the application of scientific-technological advances and achievements of the Fourth Industrial Revolution to boost the collective economy.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
President Nguyen Xuan Phuc speaks at the working session. (Photo: VNA) 
President Nguyen Xuan Phuc made a field trip to My Tinh An Dragon Fruit Cooperative in Cho Gao district. (Photo: VNA) 
