Gov't rolls out action plan to raise collective economy efficiency

The action plan was meant to implement Resolution 20-NQ/TW (Resolution 20) issued at the fifth session of the 13th Party Central Committee on continuing to innovate, develop, and improve the efficiency of collective economy in the new period.

Resolution 20 clearly states the preset goals of developing 45,000 cooperatives with 8 million members, 340 federations of cooperatives by 2030. Particularly, at least 50 percent of cooperatives will join value chains and over 5,000 of them will apply high technology.

By 2045, at least 20 percent of the population will engage in cooperatives. Over 90 percent of cooperatives will perform properly. At least three federations of cooperatives will be listed in Top 300 rankings of the world’s largest cooperatives of the International Cooperative Alliance (ICA).  

To materialize the aforesaid goals, the action plan set five key tasks and measures as follows:

First, fully aware of the nature, position, role and importance of the collective economy in the socialist oriented market economy;

Second, continue to renovate and perfect mechanisms and policies to encourage and support the development of the collective economy;

Third, renovate and improve the operation of collective organizations and apply mechanisms and policies to encourage the increase of contributed capital and capital mobilized from members to increase operating capital, increase investment and development capital, increase assets and undivided funds of collective economic organizations.

Fourth, improve the effectiveness and efficiency of state management over the collective economy; build a centralized, unified and transparent state management apparatus for the collective economy in directing and operating from central to local levels; build a contingent of cadres, civil servants and public employees who perform the task of state management and support and development of the collective economy with expertise, and intensive training in the collective economy.

Fifth, strengthen the leadership of the Party, promoting the role of the Viet Nam Fatherland Front, socio-political, socio-professional organizations and the Viet Nam Cooperative Union in collective economic development.

Statistics showed Viet Nam has a total of 28,237 cooperatives, of which 18,785 are active in agriculture, and 9,452 in non-agricultural sectors (industry, trade - services, transport, construction, environment, civil credit fund, and others)./.