Collective economy plays important role in the country development (09:09 16/10/2019)

HNP - Politburo member, Prime Minister Nguyen Xuan Phuc chaired a teleconference on October 14, reviewing the 15-year implementation of Resolution of the 9th Party Central Committee’s fifth plenum on collective economy. 

PM Nguyen Xuan Phuc chairs the teleconference.

In attendance were Politburo member, Deputy Prime Minister Vuong Dinh Hue, Head of the Steering Committee on renewing, developing and improving the efficiency of the collective economy and cooperatives; Deputy Prime Minister Trinh Dinh Dung; and representatives of ministries, sectors and localities. 
Among Hanoi leaders attending the teleconference were member of the Party Central Committee, Chairman of the Municipal People’s Committee Nguyen Duc Chung; Standing Vice Chairman of the municipal People’s Committee Nguyen Van Suu. 
According to a report by the Steering Committee on renewing, developing and improving the efficiency of the collective economy and cooperatives, since the launch of the resolution 15 years ago and the adoption of the Law on Cooperatives in 2012, the number of efficient  cooperatives has kept growing, accounting for 57% of agricultural cooperatives and about 50 – 80% of non-agricultural ones. 
To date, Vietnam has recorded more than 101,400 cooperative groups, up 0.58% against 2003, attracting 1,34 million members, up 57.3%. 
Meanwhile, as many as 22,861 cooperatives have been in operation  with the participation of nearly 6 million members. 
So far, around 1,200 cooperatives have applied high technologies in production, associated with value chains, contributing to improving the quality of their products as well as their competitiveness. 
In Hanoi, the city has focused on rolling out preferential policies for human resource training, science and technology application, trade promotion, establishment of cooperatives, among others.
As of December 31, 2018, Hanoi has had a total of 1,867 cooperatives and people’s credit funds, up 16.69% against 2013. 
Hanoi sets up the target of establishing around 250-300 cooperative groups, 250-300 cooperatives and two cooperative alliances by 2025, and 450-500 cooperative groups, 450-500 cooperatives and four cooperative alliances by 2030.
Hanoi leaders attend the conference.
Making conclusion at the teleconference, PM Nguyen Xuan Phuc affirmed the consistent viewpoint of the Party and State in developing collective economy as solid foundation for the national economy.
However, there have been several shortcomings and difficulties during the process, he noted, asking ministries, sectors, Party organizations and local authorities to focus on carrying out concrete policies to create favorable conditions for cooperatives’ development; continue to disseminate Law on Cooperatives; build and expand cooperative models, gradually affirming the importance of the collective economy  and cooperatives in socio-economic development. 
Phuc requested the Steering Committee to continue to promote its leading role in institutional building to create the best conditions for development of collective economy and cooperatives. 
Meanwhile, cooperatives need more innovations to meet the rigorous requirements of the market economy; cooperate with enterprises to expand the market; learn more about developed countries’ experience in developing cooperatives; and enhance the application of science and technology in production to meet national standards, among others, the PM emphasized. 
On the occasion, the State and Government commended outstanding collectives and individuals making great contributions to developing collective economy. 

By Tran Huong

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