Headlines 07/02/2023 13:53 CH

Vietnam to attract at least 20% of the population to participate in collective economic organizations by 2045

Minh Châu

On February 2, 2023, the Government of Vietnam promulgated Resolution No. 09/NQ-CP on the Action Plan for the implementation of Resolution No. 20-NQ/TW on continuing the innovation, development, and improvement of collective economic efficiency in the new stage.

According to the Resolution, several specific objectives by 2045 are as follows:

- To attract at least 20% of the population to participate in collective economic organizations.

- To expand the operational scale of collective economic organizations and improve the operational quality to be equal to countries in the region and the world.

- To ensure that more than 90% of collective economic organizations operate efficiently, with at least 75% of them participating in linked chains.

- To strive to have at least 3 collective economic organizations to be in the ranking of the 300 largest collectives in the world recognized by the International Cooperative Alliance (ICA).

Resolution No. 09/NQ-CP comes into force as of its date of signing and annuls Resolution No. 134/NQ-CP dated 2020.


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