HCM City targets 300 new cooperatives by 2030

Ho Chi Minh City aims to establish 300 new cooperatives, 3 cooperative unions, and 410 cooperative groups by 2030.

Under a newly issued decision of the municipal People's Committee, the southern city expects to have 1,670 registered cooperatives, 12 cooperative unions, and 1,890 cooperative groups in operation, encompassing an aggregate membership of 102,400 individuals by the end of 2030.

Furthermore, the city targets having at least 60% of operating cooperatives rated as "good" or "fair," with over 60% of cooperative management personnel holding college or university degrees.

The city seeks to cultivate modern cooperative models that adhere to genuine cooperative principles, align member interests, and integrate effectively into regional value chains. This strategy requires cooperatives to adapt to both the digital and green economies while incentivizing broader participation from local residents and household businesses.

A key objective within the roadmap is raising the proportion of agricultural cooperatives adopting high-tech solutions and digital transformation to 30%–35% of all active agricultural cooperatives. The city also aims for roughly 50% of agricultural cooperatives to form value-chain linkages with corporate off-takers. To achieve these targets, the locality will select, support, and scale up at least six high-performing model cooperatives.

On the financial front, the city aims to expand the operating capital of the municipal Cooperative Development Support Fund to nearly VND2 trillion (approx. $77.5 million) by 2030. The municipal administration has also committed to allocating at least one public investment project dedicated to supporting cooperatives within its medium-term public investment plan.

To realize these targets, HCM City has outlined several priority solution packages, including refining mechanisms and policies to support collective economic growth, facilitating access to capital, and bolstering cooperative financial capacity.

The city is also placing significant emphasis on deploying science, technology, innovation, and digital tools across operational management, production, and commerce. Cooperative models linked to value chains, signature local commodities, green growth, and circular economy practices will be prioritized.

In agriculture, particular focus will be given to cooperatives anchored in concentrated raw material zones, integrated production-and-offtake networks, high-tech farming applications, and transparent product traceability.