The meeting of the steering committee for reform and development of collective and cooperative economy in Hanoi on November 6 (Photo: VNA)

Hanoi (VNA) – The 15-year implementation of a Party Central Committee’s resolution on continuing to reform, develop and improve the effectiveness of the collective economy will be reviewed.

The steering committee for reform and development of collective and cooperative economy had a meeting in Hanoi on November 6 to discuss the review plan.

At the meeting, representatives of ministries and sectors said that over the 15 years since Resolution 13-NQ/TW was issued at the fifth session of the ninth Party Central Committee in March 2002, the whole political system and society’s awareness of the role of the collective economy in the national development has been improved considerably. Swift changes have been recorded in cooperatives’ performance with the emergence of many new models.

Therefore, there is a need to review the implementation to appropriately steer the development of collective and cooperative economy in the new context, they said, adding that the resolution implementation should be reviewed from the grassroots level.

Deputy Prime Minister Vuong Dinh Hue, head of the steering committee, said it is necessary to assess the current situation of the collective economy in terms of its quantity, quality and sustainability.

The review should focus on institutional and policy issues, especially those relating to land, finance – credit and human resources training, policies supporting the cooperative economy, and the role of cooperatives’ unions. It also needs to pinpoint obstacles to be removed and seek new role models and driving forces for the collective economy in the time ahead.

After that, this review’s outcomes should be reported so that the Politburo could issue a new resolution on the continued implementation of Resolution 13-NQ/TW, and revisions to the Law on Cooperatives could be considered in 2022, he added.

Hue said the steering committee, particularly the Ministry of Planning and Investment and the Vietnam Cooperative Alliance, would organise conferences and workshops to collect opinions on relevant issues, while teams would be sent to make fact-finding tours of some key localities. The reviewing events should be held at appropriate points of time to create favourable conditions for Party congresses at all levels.

According to the Vietnam Cooperative Alliance, cooperative groups and cooperatives make up nearly 4.8 percent of the country’s GDP. There were 21,026 active cooperatives as of June 30 this year, up 934 against the previous year. More than half of these were agricultural and agricultural service ones.

By the end of June, there were 39 cooperative unions and almost 12,600 cooperatives working in Vietnam’s agricultural sector. More than 1,140 agricultural cooperatives were set up in the first half of this year, data of the Ministry of Agriculture and Rural Development show.

Vietnam targets at least 15,000 agricultural cooperatives and cooperative unions operating effectively by 2020.-VNA