Vietnam's collective economy still faces numerous challenges.
- 167
- Business
- 21:47 20/09/2023
DNHN - The Ministry of Planning and Investment has recently organized a Workshop on the Cooperative Law 2023 and policy directions to support the growth of the cooperative economic sector and cooperatives. This is a forum-related event for the Cooperative
Establish an essential legal corridor for the development of cooperatives in Vietnam.
Do Thanh Trung, Deputy Minister of Planning and Investment, stated that through three times of promulgation, amendment, and supplementation, the Law on Cooperatives has created an important legal corridor for the development of cooperatives in Vietnam, bringing them closer to the nature, values, and principles of cooperatives around the world and having an initial positive impact on the organization and operations of cooperatives.
According to Deputy Minister Trung, the number of cooperatives is ever-increasing, and the revenue and income of cooperative members and workers are gradually improving, thereby enhancing the economic well-being of cooperative members and contributing to the cooperatives' reality. Currently eradicating hunger and reducing poverty, as well as stabilizing security and politics for the good of society.

Despite this, the practice of developing the collective economic sector in Vietnam continues to face numerous obstacles. In the new context, cooperatives face numerous challenges due to the explosive growth of the Fourth Industrial Revolution and the intense competitive pressure of the market economy. The negative effects of the COVID-19 epidemic remain hidden. Political instability on a global scale,...
These challenges necessitate that the collective economic sector change, promote the benefits of association, and collaborate, thereby increasing scale, expanding, and enhancing efficiency. Production efficiency, increased competitiveness, and sustainable development will be essential in the coming period.
The 15th National Assembly passed the Law on Cooperatives No. 17/ 2023/QH15 on June 20, 2023, at its 5th Session, replacing the Law on Cooperatives No. 23/2012/QH13 to overcome deficiencies and limitations and meet the needs and requirements of development. The new law will take effect on July 1, 2024.
Currently, the Ministry of Planning and Investment is responsible for overseeing the development of three out of four documents governing the implementation of the 2023 Law on Cooperatives, including a Decree outlining several articles and implementation measures. Mutually beneficial.
During the conference, delegates heard introductions to some new aspects of the Cooperative Law 2023, shared international experiences on policies to support and develop cooperatives, and discussed fundamental cooperative-related topics. Directly related to Vietnam's collective economic organization support policies.
Some international models
Ms. Nguyen Thi Tuyet Minh, Director of the Federation of Cooperatives of the Federal Republic of Germany (DGRV) in Vietnam, shared the development experience of the cooperative sector in the Federal Republic of Germany. She stated that German cooperatives have a formation and development history of more than 150 years. In 1889, the German Cooperative Law became the first cooperative law in the world, laying the groundwork for the development of German cooperatives over time.
Over the past two decades, the German government has not had cooperative-specific support policies, but rather policies applicable to other types of businesses in the same industry, such as agriculture, energy, and... The criteria for receiving support under these programs are frequently based on the size of the cooperative's revenue, with smaller cooperatives receiving priority support.
"Germany's Cooperative Laws and regulations about cooperatives respect the principles of self-reliance, self-management, and self-responsibility of the cooperative model," Ms. Minh emphasized. These are the fundamental principles established at the onset of cooperative development.
According to Ms. Jedsadaporn Sathapatyanon, Head of the Department of International Cooperation, Department of Cooperative Development, Ministry of Agriculture of Thailand, Thailand has numerous programs to assist and promote cooperatives nationwide.
Particularly, we concentrate on three major projects. The primary objective is to increase knowledge and capacity through training and technical support activities. Monitor, institutionalize, register, and bolster the cooperative system, secondly. Third, encourage and support cooperatives in production, collection, processing, marketing, and the development of technology.
In addition, Thailand supports machinery and equipment for the improvement of cooperative production and processing activities and uses the Cooperative Development fund to assist cooperative members.
P.V (t/h)
Related news
- International sports events – a strategic boost for regional economies and tourism in Vietnam
- Halal market potential – The key to business success
- ESG strategy for small and medium enterprises: From compliance pressure to growth opportunity
- Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
- Women entrepreneurs in the Era of National Advancement
- The move of a Chinese businesswoman into Vietnam’s snack market
- The Đại Dũng Group: A 30-Year journey of developing a sustainable value chain
- Rediscovering connection – a journey of discovery at LAMORI
- ShopeeFood and Grab dominate Vietnam’s food delivery market
- The ambitions of major enterprises in 2025
- Rice export prices expected to rebound soon due to limited supply
- Attracting investment in renewable energy – Driving the green economy
- Who are the two mysterious female tycoons holding 52 million HQC shares?
- GDP growth target for 2025: Aiming for a breakthrough pace
- “Green treasure” in the heart of the Mekong Delta
- Việt Nam sets import tariff quotas for salt and poultry eggs in 2025
- Brandnew e-commerce law to address policy gaps
- Bến Tre sets ambitious economic goals in 2025
- Chopin: The magical piano – Touching the heart and emotions of the audience
- The collaboration between Green power and Huawei: A major step in developing a 100MWp solar energy project
Đọc thêm Business
Business Networking at the Mastercard Golf – Vikki Invitational 2025
Nearly 200 Vietnamese entrepreneurs gathered in the United States as part of an investment promotion program combined with cultural and sports exchange, organized by HDBank in Miami in April 2025.
Halal market potential – The key to business success
Recently, IWEC organized the second edition of its Business Coffee program with the theme "Halal Market Potential – The Key to Business Success," attracting a large number of participating enterprises.
Dong Thap Business Club in Ho Chi Minh City launches support fund to accompany enterprises
More than 150 Dong Thap entrepreneurs in Ho Chi Minh City gathered at Van Hien University to foster business connections, expand cooperation, share practical experiences, and stay updated on current business trends.
Khai Hung corporation signs Strategic Cooperation Agreement with Japanese partners
Signing a cooperation agreement with reputable Japanese partners is a strategic move, demonstrating Khai Hung Corp’s proactive approach in capturing market trends, accessing advanced technology, and leveraging international expertise.
Women entrepreneurs in the Era of National Advancement
The economic forum "Women Entrepreneurs in the Era of National Advancement" aims to honor the role of female leaders, promote collaboration, and connect the business community.
Rice export prices expected to rebound soon due to limited supply
The Vietnam Food Association (VFA) has forecasted that rice exports in 2025 will reach 7.5 million tons. The rice market is currently at its lowest point, but it is anticipated that importers will soon ramp up purchases, driving prices upward.
GDP growth target for 2025: Aiming for a breakthrough pace
According to the proposal, Vietnam's national GDP growth target for 2025 must reach at least 8%, laying a solid foundation for achieving double-digit growth rates.
Economic expert Võ Trí Thành assessed: President Donald Trump’s new trade policy will impact Vietnam
According to Dr. Võ Trí Thành, Director of the Institute for Brand and Competitive Strategy Research, Donald Trump’s new trade policy will have significant effects on Vietnam’s economy. He also provides strategic recommendations for businesses.
Vietnam's market advantage: Investment opportunities in a new context
Balancing interests, striving for a 7.5% GDP growth, enhancing international cooperation, promoting technological innovation, and developing appropriate foreign policies are the "keys" for the nation and businesses to overcome challenges.
Việt Nam sets import tariff quotas for salt and poultry eggs in 2025
The Ministry of Industry and Trade has announced import tariff quotas for salt and poultry eggs for 2025, aiming to meet domestic production and consumption needs.