Action plan to innovate and improve efficiency of collective economy in new period

WVR/NDO - The Government recently issued Resolution 09/NQ-CP on promulgating the Action Plan to implement Resolution No.20-NQ/TW of the fifth plenum of the 13th Party Central Committee, dated June 16, 2022, on continuing to innovate, develop and improve the collective economic efficiency in the new period.
Action plan to innovate and improve collective economic efficiency
Action plan to innovate and improve collective economic efficiency: Lam Dong is the leading province in developing the system of high-tech agricultural cooperatives. Harvesting tea at Cau Dat tea hill, Da Lat city. (Photo:NDO/Mai Van Bao)

This provides the basis for ministries, branches and localities to seriously, synchronously and effectively implement their guiding viewpoints and strive for the best to successfully implement the collective economic development goals in accordance with Resolution No.20.

Accordingly, by 2030, there will be about 140,000 cooperative groups, with 2 million members; 45,000 cooperatives, with 8 million members; and 340 cooperative unions, with 1,700 member cooperatives. Particularly, at least 50 percent of cooperatives will join value chains and over 5,000 of them 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 three federations of cooperatives will be listed in Top 300 rankings of the world’s largest cooperatives of the International Cooperative Alliance (ICA).

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

The Government requires ministries, branches and localities to have a correct and full awareness of the nature, position, role and importance of the collective economy in the socialist-oriented market economy; continue to renew and perfect mechanisms and policies to encourage and support collective economic development; strengthen the leadership of the Party and the role of socio-political, socio-professional organisations and the Vietnam Cooperative Alliance in collective economic development.

It is also necessary to complete the legal framework on the collective economy with various forms of cooperative economic organisations; improve the ability to mobilise capital and increase common property; improve transparency in management and administration; improve the effectiveness and efficiency of state management of the collective economy; and build a centralised, unified and transparent state management apparatus for the collective economy in directing and operating from central to local levels.

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(Source: WVR/NDO)