PM: Developing collective economy must start from people's demand

Prime Minister Nguyen Xuan Phuc stressed that developing the collective economy must start from people's demand, during a teleconference in Hanoi on October 14 reviewing the 15-year implementation of the resolution on renewing, developing and improving the efficiency of the collective economy and cooperatives. The resolution was adopted at the fifth plenum of the 9th Party Central Committee. The PM hailed the improving awareness of the collective economic development, evidenced by the 2012 Law on Cooperatives on the back of seven basic principles of the International Cooperative Alliance. The number of cooperatives increases over years with new models. However, their contribution to the country's gross domestic product remains modest and tends down. He suggested learning from international experience to fully tap the power of new-style cooperatives and collective economic models. Mechanisms to develop cooperatives and working groups must be fine-tuned, and coordination with other economic sectors, especially businesses, strengthened, towards opening up more new markets for farmers, the leader said. He also asked for facilitating labour training, land and finance-credit policies, science-technology, and infrastructure upgrade, requiring tapping advantages and potential of cooperative models to make profound and basic changes in agricultural production and rural lives. Deputy Prime Minister Vuong Dinh Hue said the outcomes of the teleconference will serve as important scientific evidence to report to the Politburo, thus contributing to policymaking in the near future.Minister of Planning and Investment Nguyen Chi Dung said since the launch of the resolution 15 years ago and the adoption of the Law on Cooperatives in 2012, the number of effective cooperatives has kept growing, accounting for 55 percent of agricultural cooperatives and about 50 - 80 percent of non-agricultural ones. In the morning the same day, the Vietnam Cooperative Alliance and the Ministry of Planning and Investment held a 2019 national forum on cooperative economy and cooperatives./. Prime Minister Nguyen Xuan Phuc stressed that developing the collective economy must start from people's demand, during a teleconference in Hanoi on October 14 reviewing the 15-year implementation of the resolution on renewing, developing and improving the efficiency of the collective economy and cooperatives. The resolution was adopted at the fifth plenum of the 9th Party Central Committee. The PM hailed the improving awareness of the collective economic development, evidenced by the 2012 Law on Cooperatives on the back of seven basic principles of the International Cooperative Alliance. The number of cooperatives increases over years with new models. However, their contribution to the country's gross domestic product remains modest and tends down. He suggested learning from international experience to fully tap the power of new-style cooperatives and collective economic models. Mechanisms to develop cooperatives and working groups must be fine-tuned, and coordination with other economic sectors, especially businesses, strengthened, towards opening up more new markets for farmers, the leader said.

He also asked for facilitating labour training, land and finance-credit policies, science-technology, and infrastructure upgrade, requiring tapping advantages and potential of cooperative models to make profound and basic changes in agricultural production and rural lives. Deputy Prime Minister Vuong Dinh Hue said the outcomes of the teleconference will serve as important scientific evidence to report to the Politburo, thus contributing to policymaking in the near future.Minister of Planning and Investment Nguyen Chi Dung said since the launch of the resolution 15 years ago and the adoption of the Law on Cooperatives in 2012, the number of effective cooperatives has kept growing, accounting for 55 percent of agricultural cooperatives and about 50 - 80 percent of non-agricultural ones.

In the morning the same day, the Vietnam Cooperative Alliance and the Ministry of Planning and Investment held a 2019 national forum on cooperative economy and cooperatives.

 

(Source: VNA)