The Party's directive on the collective economy in Vietnam: Should it be consolidated and developed together with the state economy to create a solid foundation for the national economy?

May I ask the National Assembly just held a meeting to implement collective economic development, what is the direction of the Party on this issue to develop in a sustainable way? Looking forward to helping answer questions, I thank you!

What is the Party's guiding view on the collective economy in Vietnam in the new period?

According to subsection 1, Section II, Resolution 20-NQ/TW in 2022, the 5th time of the 13th Central Executive Committee as follows:

- collective economy in Vietnam is an important economic component that must be consolidated and developed together with the state economy to become a solid foundation of the national economy. Collective economic development is an inevitable trend in the context of international integration, in line with the socialist-oriented market economy; comes from practical needs, protects interests and creates conditions for members to produce and do business effectively and develop sustainably. Collective economic development must respect the nature, values ​​and operating principles of the collective economy and be suitable to the socio-economic conditions and characteristics of each locality, region, region and the whole country.

- collective economy in Vietnamy with various forms of cooperative economic organization, developing from low to high (cooperative groups, cooperatives, unions of cooperatives...) in which cooperatives are the core. . Strengthening linkages between cooperatives, forming unions of cooperatives, unlimited in size, field and location. Collective economy focuses on economic benefits, including the interests of members, the collective and the State, while attaching importance to political, cultural and social interests in the locality.

- collective economy in Vietnam develops on the basis of private ownership of members and collective ownership; The organization operates on the principle of reciprocity, regardless of capital contribution: distributed according to the level of service participation, labor efficiency and contributed capital. Collective economic members include natural and legal persons, official members and associate members, jointly contributing capital, property, and contributing on the basis of respecting the principles of voluntariness, equality, and mutual benefit. benefits and democratic governance. To encourage the accumulation and efficient use of capital and common assets in collective economic organizations.

- To develop the collective economy in both quantity and quality, in which quality is important, ensuring harmony in all branches, fields and localities; adopt preferential policies for collective economic organizations in the field of agriculture, linking production and business activities with the product value chain, application of science - technology, innovation and digital transformation; give priority to the development of collective economic organizations associated with the development of green economy, circular economy and knowledge economy. Evaluating the collective economic efficiency comprehensively in terms of economy, politics, culture, society, national defense, security, effectiveness of the organization and of its members.

- Developing and improving the operational efficiency of the collective economy is the task of the whole political system. Party committees and authorities at all levels directly lead and direct, considering this an important and regular political task. The Fatherland Front, socio-political organizations, Union of Cooperatives and representative organizations shall closely coordinate in propagating and mobilizing the masses to participate in collective economic development

The Party's directive on the collective economy in Vietnam: Should it be consolidated and developed together with the state economy to create a solid foundation for the national economy?

The Party's directive on the collective economy in Vietnam: Should it be consolidated and developed together with the state economy to create a solid foundation for the national economy? (Image from the internet)

What is the overall goal of the Party on the collective economy in the new period?

According to subsection 2, Section II, Resolution 20-NQ/TW in 2022, the 5th session of the Central Committee, term XIII, is as follows:

To develop a dynamic, efficient and sustainable collective economy, together with the state economy, to become a solid foundation of the national economy with many models of cooperation and association on the basis of respecting the nature, values and principles of the collective economy, attracting more and more farmers, households, individuals and organizations to participate; contribute to raising the income and quality of life of members and households, realizing social progress and justice, promoting rapid and sustainable development of the country, ensuring national defense and security, and ensuring national defense and security. firmly defend the Socialist Vietnamese Fatherland.

What are the specific goals of the Party on the collective economy in Vietnam in the new period?

According to subsection 3, Section II, Resolution 20-NQ/TW in 2022, the 5th time of the XIII Central Executive Committee as follows:

(1) By 2030:

- The whole country has about 140,000 cooperative groups, with 2 million members; 45,000 cooperatives with 8 million members; 340 cooperative unions with 1,700 member cooperatives.

- Ensuring that over 60% of collective economic organizations achieve good and good grades, of which at least 50% participate in value chain linkages. There are over 5,000 cooperatives applying high technology to the production and consumption of agricultural products; develop value chains of agricultural products and goods close to linkages with production, providing processing services and consuming agricultural products; step up participation in supply chains to bring agricultural products directly to foreign countries.

(2) By 2045:

- Striving to attract at least 20% of the population to join collective economic organizations. Expanding the operation scale of collective economic organizations, the quality of operation is on par with other countries in the region and the world. Ensure that over 90% of collective economic organizations operate effectively, of which at least 75% participate in linked chains. Strive to have at least 3 collective economic organizations in the ranking of 300 largest global cooperatives recognized by the International Union of Cooperatives (ICA).

- Collective economic organizations all apply technology, especially digital transformation, into production, business and service activities.

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