Vietnam maps out plan to develop collective economy, cooperatives
The Ministry of Planning and Investment (MoPI) has submitted a plan on developing the collective economy and cooperatives for the 2021-2025 period to the Prime Minister for approval.
At a VietGap-standard vegetable farming cooperative (Photo: VNA)
Hanoi (VNA) – The Ministry of Planning andInvestment (MoPI) has submitted a plan on developing the collective economy andcooperatives for the 2021-2025 period to the Prime Minister for approval.
The plan is part of efforts to carry out the strategy ondeveloping the collective economy and cooperatives for the 2021-2030 period, thuslaying a ground for ministries, agencies and localities to devise annualprogrammes and schemes in fields under their management.
It comprises goals, development orientations, measures, costsand ways of implementation.
The MoPI’s Agency for Cooperative Development said amid theglobal integration era in the next decade, cooperatives enjoy many chances to accessnew technologies, attract foreign investment, especially from major partners infarm produce processing and export.
However, they will face increasingly intense competitionboth at home and abroad due to climate change, growing population, and rapidurbanisation which fuel stronger demand for safe and quality products.
In order to develop the collective economy and cooperativessustainably, the agency suggested raising public awareness and their role andposition in the new situation.
According to the agency, there were over 26,000 cooperativesnationwide last year, with 6.1 million members. Up to 100 cooperative alliancesgroup more than 630 cooperatives and over 119,000 cooperative groups with about1.6 million members.
Due to small scale and uneven development among regions,their growth remained low and contributions to the country’s gross domesticproduct fail to meet demand.
Linkages between collective economic entities andcooperatives, and other economic sectors remains weak while coordination amongState management agencies, socio-political and mass organisations in the effortis limited and ineffective/.
The 2020 national forum on collective economy and cooperatives will be held in the third quarter, with the number of participants expected to reach about 500.
Vietnam will develop the collective economy in the direction of building product value chains, increasing its contribution to domestic economic development, Deputy Prime Minister Trinh Dinh Dung said at a forum held by the Ministry of Planning and Investment and the Vietnam Cooperative Union in Hanoi on December 11.
The development of the collective economy must originate from people’s demand and be in line with the actual conditions and market economy rules, Prime Minister Nguyen Xuan Phuc said on December 22.
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At a VietGap-standard vegetable farming cooperative (Photo: VNA) 
