Measures needed to develop collective economy
Vietnam targets having 31,000 cooperatives in 2023.
Solutions needed for development of collective economy
According to Minister of Planning and Investment Nguyen Chi Dung, the collective economy has developed over the past 20 years in terms of quality and quantity but its contribution to GDP has continuously fallen, from 8 per cent in 2001 to 3.62 per cent in 2020. Solutions are therefore needed to develop the economy in a sustainable manner, including strengthening international cooperation.