General Director of the General Statistics Office Nguyen Bich Lam speaks at the launch ceremony of the 2020 Vietnamese Cooperatives White Book on April 28 (Photo: VNA)
Hanoi (VNA) – The General Statistics Office (GSO)unveiled the 2020 white book on cooperatives of Vietnam, the first of its kind,on April 28.
The paper provides information about thedevelopment levels of cooperatives in the country and its localities from 2016– 2018. It also proposes solutions for cooperative development.
The white book was compiled based on datacollected from the Ministry of Planning and Investment, the Ministry ofAgriculture and Rural Development, and the Vietnam Cooperative Alliance.
It shows that 2,569 new cooperatives wereestablished in 2018, adding up to a total of 22,861 by December 31, 2018. Thefigures respectively increase 9.5 percent and 8.8 percent year-on-year.
Also in 2018, the net revenue of the 13,958surveyed cooperatives hit 88.59 trillion VND (about 3.77 billion USD), up 9.6percent year-on-year. However, their pre-tax profit declined 27.8 percent to2.57 trillion VND.
The monthly per capita income in thosecooperatives was 3.84 million VND on average, increasing by 3.2 percent from2017 but still much lower than 8.82 million VND in businesses.
GSO General Director Nguyen Bich Lam saidthe collective economy, of which cooperatives are the most importantelement, has gradually become a solid foundation of the national economy, anddeveloping the collective economy is a consistent policy of the Party andState.
However, cooperatives still need to make strongreforms to develop amid the country’s intensive integration, he said./.
Deputy Prime Minister Vuong Dinh Hue highlighted that the collective economic sector has escaped from the prolonged weakness while addressing a forum in Hanoi on October 14.
Prime Minister Nguyen Xuan Phuc stressed that developing the collective economy must start from people’s demand, during a teleconference in Hanoi on October 14 reviewing the 15-year implementation of the resolution on renewing, developing and improving the efficiency of the collective economy and cooperatives.
Deputy Prime Minister Vuong Dinh Hue said although the collective economy had achieved substantial development, due attention hadn’t been paid to the sector.
More rice farmers in Can Tho city have switched to other crops or have rotated the cultivation of rice with other crops to increase income and cope with drought.
The 2020 white book on cooperatives of Vietnam, the first of its kind so far, is scheduled to be released this April, aiming to serve the making of policies on developing the most important element of the collective economy.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
General Director of the General Statistics Office Nguyen Bich Lam speaks at the launch ceremony of the 2020 Vietnamese Cooperatives White Book on April 28 (Photo: VNA) 
