The 13th Party Central Committee looked into a project reviewing the 20-year implementation of a resolution on continuing to reform, develop and improve the efficiency of the collective economy during its fifth plenum on May 7.
Party General Secretary Nguyen Phu Trong has asked participants at the ongoing fifth plenum of the 13th Party Central Committee to focus on reviewing the project on building Party organisations and developing membership, thus making a new progress in strengthening the quality, strength and combativeness of the Party.
President Nguyen Xuan Phuc on April 6 commended the diversity of the collective economic sector in Tien Giang province, which has remarkably contributed to local socio-economic development and poverty reduction.
President Nguyen Xuan Phuc has suggested the Mekong Delta province of Dong Thap focus on developing its key agricultural products and step up the application of scientific-technological advances and achievements of the Fourth Industrial Revolution to boost the collective economy.
The expansion of the collective economic sector is equivalent to just about half of the overall economic growth. This sector’s contribution to the GDP has also declined continually, from 8 percent in 2001 to 3.6 percent in 2020.
A national teleconference was held on February 15 to review the 20-year implementation of the Party Central Committee’s resolution on the collective economy and the 10-year enforcement of the Law on Cooperatives.
President Nguyen Xuan Phuc highlighted the increasingly important role of the collective economy and cooperatives in the market economy while talking to officials of Ninh Binh province on November 2.
The Mekong Delta province of Bac Lieu is seeking to develop its collective economy, especially cooperatives that use advanced technologies, from now through 2025.
Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.
Prime Minister Pham Minh Chinh has approved a plan for the organisation of the 2021 forum on collective economy and cooperatives in the third quarter of this year.
Ho Chi Minh City has set a target of developing an additional 150 cooperatives and two cooperative alliances during the 2021-2025 period while posting annual average growth of 7 percent in the collective economy.Ho Chi Minh City has set a target of developing an additional 150 cooperatives and two cooperative alliances during the 2021-2025 period while posting annual average growth of 7 percent in the collective economy.
The Ministry of Planning and Investment (MoPI) has submitted a plan on developing the collective economy and cooperatives for the 2021-2025 period to the Prime Minister for approval.
The Mekong Delta province of Kien Giang will spend nearly 30 billion VND (1.3 million USD) this year to support the development of the collective economy and new cooperatives.
A fund for co-operative development assistance will be established under a newly-issued decree issued by the government, given that co-operatives are playing an increasingly important role in Vietnam’s economy.
The development of cooperatives should receive greater attention during the agricultural restructuring process, according to Le Minh Hoan, a delegate from the Mekong Delta province of Dong Thap.
The development of the collective economy must originate from people’s demand and be in line with the actual conditions and market economy rules, Prime Minister Nguyen Xuan Phuc said on December 22.
Vietnam will develop the collective economy in the direction of building product value chains, increasing its contribution to domestic economic development, Deputy Prime Minister Trinh Dinh Dung said at a forum held by the Ministry of Planning and Investment and the Vietnam Cooperative Union in Hanoi on December 11.
Although the collective economy in Ho Chi Minh City has gained positive results, limitations still exist, district officials and cooperative leaders have said.
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