Collective economy, cooperatives must actively innovate production, operation: PM

VIETNAM, Sept. 24 – HÀ NỘI – Prime Minister Phạm Minh Chính chaired a forum on collective farms and cooperatives on Friday, which focused on the role of digital transformation in the development of the sector.

In his opening speech, PM Chính underlined the importance of the event for conveying the spirit of innovation and creativity to the collective economic model as an important economic factor.

This spirit means changes in thought and action, reflected in operational and managerial changes related to digital transformation, creating new values, evolving the collective economic model flexibly and appropriately to achieve high results, reduce costs and optimize resources.

Digital transformation is an inevitable trend and a prerequisite for development, the prime minister said, adding that it will effectively improve the connection between state, market and society. promote economic growth, productivity and competitiveness; reduce costs for people and businesses; while improving management capacity and methods.

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PM Chính also emphasized the importance of collective economy in international integration and socialist-oriented economy.

Resolution No. 20-NQ/TW, issued at the fifth session of the 13th Party Central Committee, declared that the collective economy is an important economic sector that needs to be strengthened and developed, and together with the state-owned sector lay a firm foundation for that, the national economy, he noted.

The head of government said the collective economic sector has grown strongly over the years in all aspects including policy, scale, structure, connectivity and efficiency.

However, it has yet to meet all development goals and requirements, he said, citing challenges in terms of capacity, productivity, non-integrated structure and modest management skills.

One of the reasons is the slow progress of digital transformation without targeted strategies and measures.

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PM Chính said: “The collective economy and cooperatives must actively innovate their production and business operations while accelerating digital transformation to adapt to the new context. This is urgently needed.”

The forum aimed to assess achievements in digital transformation at the national level, as well as in the collective economy and cooperatives.

It also served as a platform to identify current challenges, difficulties and shortcomings and to propose appropriate solutions to promote the digital transformation that will act as the driving force behind the rapid and sustained growth of the industry.

Other topics of discussion include case studies at home and abroad, particularly on strategies and frameworks, and specific instructions for different ministries and departments.

The Prime Minister also demanded that after the forum, the Ministry of Planning and Investment will work with the government office to issue a guideline that will serve as a guideline for the implementation of the agreed solutions and other development tasks for the cooperatives.

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According to the Việt Nam Cooperative Alliance, the country now has cooperatives operating in different sectors of the economy, many of which have a new, flexible approach that includes technology applications and digital transformation, responding to market needs.

Statistics show that Việt 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).

A survey also showed that 83.5 percent of the cooperatives consider a digital transformation to be necessary.

Overall, 18.9 percent had a concrete plan and implementation roadmap, while 68 percent use at least one method of online marketing and sales. — VNS

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