New master plan aims to boost Vietnam’s collective economy through 2030
The programme seeks to strengthen the role of the collective economy and cooperatives in the national economy while expanding access to State support policies to encourage more people to join cooperatives and promote stronger links between cooperatives, businesses and other economic sectors.
Hanoi (VNA) –The Prime Minister on June 24 signed a decision approving the master programme on collective economy development for 2026-2030, aiming to build a more dynamic and efficient collective economy that creates jobs, raises incomes, supports new-style rural area development and ensures social welfare. The programme seeks to strengthen the role of the collective economy and cooperatives in the national economy while expanding access to State support policies to encourage more people to join cooperatives and promote stronger links between cooperatives, businesses and other economic sectors. It also prioritises scaling up successful cooperative models and accelerating digital transformation to improve productivity, competitiveness and adaptability to new development trends. By 2030, Vietnam targets around 140,000 groups of cooperatives with 2 million members, 45,000 cooperatives with 8 million members, and 340 unions of cooperatives with about 1,700 members. At least 60% of cooperatives are expected to be rated good or excellent. The programme also aims for at least 25% of cooperative managers to hold college or university degrees, around 80% of cooperative directors to receive management training, and women to account for at least 30% of cooperative and cooperative union directors. High-tech agriculture and value-chain linkagesThe programme places strong emphasis on applying high technology in agriculture, aiming to have more than 5,000 cooperatives and 500 cooperative groups using advanced technologies in agricultural production and marketing, while expanding product traceability and strengthening value-chain partnerships between businesses and cooperatives. Around half of agricultural cooperatives are expected to be linked with enterprises through value chains. At least 200 high-performing cooperatives and cooperative unions will be selected for replication nationwide , with each province and city choosing at least six. Localities are also required to include at least one public investment project supporting cooperatives and cooperative unions in their medium-term public investment plans. Production activities at a cooperative in Ca Mau province (Photo: VNA)Developing cooperative models linked to value chains, local key productsThe programme promotes diverse collective economy models tailored to regional socio-economic conditions, with priority given to developing cooperatives linked to local key products and value chains. It encourages the adoption of science and technology, innovation and digital transformation, expansion of membership, stronger cooperation with other economic sectors, and the development of green, circular and knowledge-based economic modelsIn agriculture, cooperatives will play a leading role in restructuring production, developing concentrated raw material areas and expanding value-chain production and consumption. Support measures include promoting high-tech farming, product traceability, quality certification and organic production, alongside stronger partnerships with businesses, research institutes, universities and financial institutions. Investment in infrastructure and improved access to finance will also be expanded. In the industrial and construction sector, efforts will focus on strengthening and expanding the scale and operations of existing cooperatives while promoting cooperative models linked to industrial promotion programmes and local initiatives on industrial, handicraft and poverty reduction development. Authorities will also explore the establishment of industrial cooperative unions and industrial service cooperatives in areas with a high concentration of traditional craft villages and rural industrial clusters, laying the groundwork for forming new craft villages. Existing cooperatives will receive support to modernise equipment, adopt new technologies, and improve production capacity and efficiency. Developing multi-service cooperativesIn the trade and services sector, the programme encourages developing multi-service cooperatives engaged in trading, processing, logistics and other integrated business activities. It also supports stronger participation in distribution networks operated by cooperative unions and major enterprises to improve competitiveness. Tourism cooperatives, particularly those specialising in community-based tourism and eco-agricultural tourism, will also be promoted. The programme encourages greater protection of local tourism products and services through geographical indications, certification marks and collective trademarks. /. 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