New master plan aims to boost Vietnam’s collective economy through 2030

The programme seeks to strengthen the role of the collective economy and cooperatives in the national economy while expanding access to State support policies to encourage more people to join cooperatives and promote stronger links between cooperatives, businesses and other economic sectors.

A view of Xuan Loc traditional conical hat craft village in Thanh Hoa province (Photo: VNA)
A view of Xuan Loc traditional conical hat craft village in Thanh Hoa province (Photo: VNA)

Hanoi (VNA) – The Prime Minister on June 24 signed a decision approving the master programme on collective economy development for 2026-2030, aiming to build a more dynamic and efficient collective economy that creates jobs, raises incomes, supports new-style rural area development and ensures social welfare.

The programme seeks to strengthen the role of the collective economy and cooperatives in the national economy while expanding access to State support policies to encourage more people to join cooperatives and promote stronger links between cooperatives, businesses and other economic sectors. It also prioritises scaling up successful cooperative models and accelerating digital transformation to improve productivity, competitiveness and adaptability to new development trends.

By 2030, Vietnam targets around 140,000 groups of cooperatives with 2 million members, 45,000 cooperatives with 8 million members, and 340 unions of cooperatives with about 1,700 members. At least 60% of cooperatives are expected to be rated good or excellent.

The programme also aims for at least 25% of cooperative managers to hold college or university degrees, around 80% of cooperative directors to receive management training, and women to account for at least 30% of cooperative and cooperative union directors.

High-tech agriculture and value-chain linkages

The programme places strong emphasis on applying high technology in agriculture, aiming to have more than 5,000 cooperatives and 500 cooperative groups using advanced technologies in agricultural production and marketing, while expanding product traceability and strengthening value-chain partnerships between businesses and cooperatives. Around half of agricultural cooperatives are expected to be linked with enterprises through value chains.

At least 200 high-performing cooperatives and cooperative unions will be selected for replication nationwide , with each province and city choosing at least six. Localities are also required to include at least one public investment project supporting cooperatives and cooperative unions in their medium-term public investment plans.

vnanet-ca-mau.jpg
Production activities at a cooperative in Ca Mau province (Photo: VNA)

Developing cooperative models linked to value chains, local key products

The programme promotes diverse collective economy models tailored to regional socio-economic conditions, with priority given to developing cooperatives linked to local key products and value chains. It encourages the adoption of science and technology, innovation and digital transformation, expansion of membership, stronger cooperation with other economic sectors, and the development of green, circular and knowledge-based economic models

In agriculture, cooperatives will play a leading role in restructuring production, developing concentrated raw material areas and expanding value-chain production and consumption. Support measures include promoting high-tech farming, product traceability, quality certification and organic production, alongside stronger partnerships with businesses, research institutes, universities and financial institutions. Investment in infrastructure and improved access to finance will also be expanded.

In the industrial and construction sector, efforts will focus on strengthening and expanding the scale and operations of existing cooperatives while promoting cooperative models linked to industrial promotion programmes and local initiatives on industrial, handicraft and poverty reduction development. Authorities will also explore the establishment of industrial cooperative unions and industrial service cooperatives in areas with a high concentration of traditional craft villages and rural industrial clusters, laying the groundwork for forming new craft villages. Existing cooperatives will receive support to modernise equipment, adopt new technologies, and improve production capacity and efficiency.

Developing multi-service cooperatives

In the trade and services sector, the programme encourages developing multi-service cooperatives engaged in trading, processing, logistics and other integrated business activities. It also supports stronger participation in distribution networks operated by cooperative unions and major enterprises to improve competitiveness.

Tourism cooperatives, particularly those specialising in community-based tourism and eco-agricultural tourism, will also be promoted. The programme encourages greater protection of local tourism products and services through geographical indications, certification marks and collective trademarks./.

VNA

See more

Illustrative photo (Photo: VNA)

Hanoi to hold investment promotion event on June 29

At the event, Hanoi authorities plan to grant investment policy decisions and investment registration certificates to 20 exemplary projects in the fields of transportation infrastructure, industrial parks, urban development, social housing, environment, science and technology, and foreign investment attraction.

A corner of Van Phong Economic Zone in Khanh Hoa (Photo: VNA)

Khanh Hoa sets sail on smart, green logistics overhaul

Under a logistics development roadmap that stretches to 2030 with a vision to 2050, the province is racing to build a modern, green, and smart logistics ecosystem. Top priorities include rolling out logistics hubs linked to the Van Phong Economic Zone, Cam Ranh, and key transport gateways, while fast-tracking digital transformation and the use of cutting-edge technology across supply chain management.

Representatives of the Vietnam National Chemical Group (Vinachem) and the Chemical and Allied Industries' Association (CAIA) of South Africa sign a memorandum of understanding (MoU). Photo: Hong Minh/VNA Correspondent in South Africa (Photo: VNA)

Vietnam Chemicals Group steps up trade promotion in South Africa

A key event of the visit was a business networking forum held in Johannesburg on June 24, jointly organised by the Vietnamese Embassy in South Africa and Vinachem. The event attracted more than 20 leading South African companies and investors seeking business partnerships.

Hands-on training will create a sustainable talent pool for labour market restructuring (Photo: nhandan.vn)

AI reshaping new generation of workers

Adoption is moving faster than anyone predicted, turning AI into one of the most powerful forces reshaping labour markets worldwide, and Vietnam is squarely in its path. As AI technologies keep advancing, especially when woven together with automation systems and robotics, workers across a vast range of industries and occupations face mounting risks of being displaced.

ASEAN ambassadors in Buenos Aires pose for a group photo with representatives of the Argentine Industrial Union (UIA). (Photo: VNA)

Vietnam highlights economic cooperation potential with Argentina

Vietnamese Ambassador Ngo Minh Nguyet highlights the strong momentum in Vietnam–Argentina economic ties. Vietnam is currently Argentina's sixth-largest trading partner, while Argentina ranks as Vietnam's third-largest trading partner in Latin America.

Grape farming in the southern areas of Khanh Hoa province. (Photo: VNA)

Green production zones to boost standing of Vietnamese farm products

The move follows the approval of the national project on low-emission crop production for 2025–2035, with a vision to 2050. The initiative is now being actively implemented across the country, with local authorities playing a key role in turning policy into action.

A mock-up of the Red River Landscape Boulevard project in Hanoi. Demand for capital for infrastructure projects is increasing sharply. (Photo: VNA)

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

A farmer harvests seedless lemons in Vinh Long province. A national database covering all agricultural land, rather than only export-oriented production areas, is essential for meeting international standards and improving sector governance. (Photo: VNA)

Unified farm data system needed to meet EU deforestation rules

Fragmented data systems and limited information sharing among Government agencies, businesses and farmers remain major obstacles to compliance with the EUDR, which requires exporters of commodities such as coffee, rubber and cocoa to prove their products are not linked to deforestation, experts said at the conference.

Secretary of the Can Tho municipal Party Committee Le Quang Tung (R) and Indian Ambassador to Vietnam Tshering Wangchuk Sherpa (Photo: VNA)

Can Tho, India envisage common ground to develop closer partnerships

Secretary of the Can Tho Party Committee Le Quang Tung proposed expanding collaboration in education and training, particularly in artificial intelligence (AI), biotechnology, healthcare, and pharmaceuticals, during his meeting with Indian Ambassador to Vietnam Tshering Wangchuk Sherpa.

Vietravel Airlines takes delivery of a new Airbus A321 on June 24. (Photo: VNA)

Vietravel Airlines adds Airbus A321 to fleet

Vietravel Airlines currently operates routes linking major economic and tourism hubs across Vietnam while gradually expanding its international footprint. In addition to scheduled services from Hanoi and Ho Chi Minh City to Bangkok, it launched charter flights between Hanoi and Lanzhou in China’s Gansu province on June 20.