The lychee garden of a cooperative meeting export standards to Japan (Photo: VNA)
Hanoi (VNA) – The Ministry of Agriculture and Rural Development is planning to establish 1,600 new cooperatives this year, bringing the total to 22,500.
Among a series of measures set to boost the growth of the group in 2023 is forming cooperative units and farms with links to enterprises for production, processing and sale. The ministry will offer assistance for such connections toward the formation of value chains applying high technologies and certificated production processes.
Attention will also be given to the promotion of the role of related associations in policy making, market management, and linking producers to firms; and to the development of concentrated production areas with improved processing and branding works serving exports.
The operation of agricultural cooperatives will be overhauled and policies to encourage their development will be completed in terms of human resources, land, finance, credit, science-technology, market, and infrastructure.
According to the ministry, Vietnam now counts 94 unions of agricultural cooperatives and nearly 21,000 cooperatives of this kind. There are close to 2,300 cooperatives establishing enterprises, 145 directly involved in import-export activities, and 1,200 participating in the production of goods under the One Commune One Product (OCOP) programme. The cooperatives own some 40% of OCOP products nationwide./.
As many as 595 products of Hanoi have met criteria of the One Commune, One Product (OCOP) programme, an economic development programme for rural areas, in 2021.
Prime Minister Pham Minh Chinh on September 23 chaired a forum on collective economy and cooperatives, which focuses on the role of digital transformation in the development of the sector.
Deputy Prime Minister Le Minh Khai on January 3 signed a decision approving a project on supporting cooperatives which are managed by women and create jobs for female labourers.
Booming e-commerce in Vietnam is providing significant opportunities to promote sales while cooperatives are trying to improve the quality of their products to meet consumers' demands better.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
The lychee garden of a cooperative meeting export standards to Japan (Photo: VNA) 
