Hanoi (VNA) - The Government has recently issued an action planaimed at further improving the efficiency of the collective economy in the newperiod.

The action plan was meant to implement Resolution 20-NQ/TW (Resolution 20)issued at the fifth session of the 13th Party Central Committee on continuingto innovate, develop, and improve the efficiency of collective economy in thenew period, reported baochinhphu.vn.

Resolution 20 clearly states the preset goals of developing 45,000 cooperativeswith 8 million members, 340 federations of cooperatives by 2030. Particularly,at least 50 percent of cooperatives will join value chains and over 5,000 ofthem will apply high technology.

By 2045, at least 20 percent of the population will engage in cooperatives.Over 90 percent of cooperatives will perform properly. At least threefederations of cooperatives will be listed in Top 300 rankings of the world’slargest cooperatives of the International Cooperative Alliance (ICA).

To materialise the aforesaid goals, the action plan set five key tasks andmeasures as follows:

First, fully aware of the nature, position, role and importance of thecollective economy in the socialist oriented market economy;

Second, continue to renovate and perfect mechanisms and policies to encourageand support the development of the collective economy;

Third, renovate and improve the operation of collective organisations and applymechanisms and policies to encourage the increase of contributed capital andcapital mobilized from members to increase operating capital, increaseinvestment and development capital, increase assets and undivided funds ofcollective economic organisations.

Fourth, improve the effectiveness and efficiency of state management over thecollective economy; build a centralized, unified and transparent statemanagement apparatus for the collective economy in directing and operating fromcentral to local levels; build a contingent of cadres, civil servants andpublic employees who perform the task of state management and support anddevelopment of the collective economy with expertise, and intensive training inthe collective economy.

Fifth, strengthen the leadership of the Party, promoting the role of the VietnamFatherland Front, socio-political, socio-professional organisations and the VietnamCooperative Union in collective economic development.

Statistics showed Vietnam has a total of 28,237 cooperatives, of which 18,785are active in agriculture, and 9,452 in non-agricultural sectors (industry,trade - services, transport, construction, environment, civil credit fund, andothers)./.