Prime Minister Pham Minh Chinh speaks at the ational teleconference on February 15 (Photo: VNA) According to a report deliveredat the event, the collective economy and cooperatives have recorded new stridesin quality and quantity development, managed to address lingering weaknesses,and increasingly affirmed their development potential and prospects.
However, there remain manyproblems in the collective economy, which has yet to fully optimise itspotential, the report noted.
There were 27,445cooperatives and cooperative alliances nationwide in 2021, up 41 percent from2013, employing about 1.1 - 1.2 million workers per year. In 2020, eachcooperative earned about 4.3 billion VND (188,900 USD at the current exchangerate) in income and 314 million VND in profit on average, up 61 percent and 88percent from 2013, respectively.
Over the past years, percapita income of cooperatives’ workers has been on the rise, from 44.6 millionVND in 2017 to 52.8 million VND in 2019, narrowing the gap with the income ofenterprises’ workers.
Addressing the event, PrimeMinister Pham Minh Chinh affirmed that the collective economy, withcooperatives being the core, is an important economic element alwaysfacilitated by the Party and State and gradually getting established in thenational economy.
He highlighted some key targets,orientations, and measures for promoting the collective economy in the timeahead, noting that it is necessary to enhance Party cadres and members, and people’sawareness of the collective economy, mobilise more resources for and removeobstacles to its development, fine-tune related legal regulations and policies, and improve the collective economy’s capacity and operational efficiency.
The Government leader alsosuggested some directions for amending the law so as to create afavourable institutional environment for the collective economy to live up toits role in the formation of a socialist-oriented market economy./.
VNA
