Vietnam learns about collective economy models in Israel

A delegation of the Ministry of Planning and Investment paid a visit to Israel from September 4 to 9 to learn experience in developing the collective economy and cooperatives there.
Vietnam learns about collective economy models in Israel ảnh 1The Vietnamese delegation visit a dairy farm in Nahalal, a moshav in Israel. (Photo: VNA)
Tel Aviv (VNA) – A delegation of the Ministryof Planning and Investment paid a visit to Israel from September 4 to 9 tolearn experience in developing the collective economy and cooperatives there.

Thedelegation was led by Director of the ministry’s Agency for CooperativeDevelopment Phung Quoc Chi, who is also head of the compilation group for thedraft revised Law on Cooperatives. Some members of the compilation group from the National Assembly Office and theministry also joined the delegation.

Theofficials had working sessions with the Ministry of Economy and Industry, theMinistry of Agriculture and Rural Development, the Kibbutz Federation, and the Agriculture Research Organisation of Israelto learn about management mechanisms for the collective economy andcooperatives, such models as Kibbutz (a model in which members own commonassets and work together) and Moshav (a model similar to Kibbutz but its memberspossess their own assets), and rural residential clusters.

They also visited some outstanding Kibbutzexamples to gain an insight into their production and business models, relationsbetween executive boards and members, and models for the distribution of products,services, income, and other interests.

First appearing in 1909, Kibbutzdeveloped strongly in Israel in the 1960s and 1970s. There are about 270 Kibbutzimin the country at present, and all of them have aligned their production andbusiness models to the modern socio-economic context, with science - technologyplaying a crucial role.

In 2021, Kibbutz in Israel generated 50.3 billion NIS (14.5billion USD) in revenue and 1.5 million NIS (440,000 USD) for each member, andcontributed over 50% of total exports, statistics show./.
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