Deputy Prime Minister Nguyen Xuan Phuc (Source:VNA)

Hanoi (VNA) – Deputy Prime Minister Nguyen Xuan Phuc has praised the contributions made by the Vietnam Cooperative Alliance (VCA), which gathers more than 18,000 cooperatives with tens of millions of labourers, to national socio-economic development, especially agriculture and rural development.

The official made the statement at the 13 th conference of the VCA’s Executive Board in Hanoi on January 30, where he stressed that cooperatives are a democratic economic model that help many households escape from poverty and generate jobs.

Successful cooperatives manifest the sound guidelines of the Party and State in developing a collective economy, he said.

However, the performance has yet to match the country’s potential, the Deputy PM said, adding that local Party Committees and authorities are not focusing enough on the model as well as the role played by the collective economy in national economic development and social stability.

Collective economic development must suit the market mechanism, economic restructuring, growth model reform and new-style rural area development, he said.

The official also called on ministries and agencies to coordinate with the VCA to work as advisers for the Government on issuing mechanisms and policies to encourage the collective economy and facilite the development of cooperatives.

“We must give cooperatives a priority when it comes to agriculture, farming and rural areas, especially new-style rural areas”, he noted. -VNA