08:16 | 08/09/2017 Events
The Steering Committee for Renewal and Development of Collective Economy was launched at the Government Office on September 7 in accordance with a decision signed by Prime Minister Nguyen Xuan Phuc on March 22, 2017.
According to the decision, Deputy Prime Minister Vuong Dinh Hue is appointed as Head of the committee while three deputy heads including Minister of Planning and Investment Nguyen Chi Dung, Minister of Agriculture and Rural Development Nguyen Xuan Cuong and Chairman of the Vietnam Cooperative Alliance Vo Kim Cu.
The Steering Committee also includes 20 members who are leaders from ministries, sectors and agencies under the Government, National Assembly, Vietnam Fatherland Front, among others.
The committee is assigned to carry out research and propose policies and solutions for the Government to renew and develop collective economy and cooperatives.
It also takes charge in coordinating activities between ministries, sectors, central agencies and localities in the implementation of projects and plans on collective economic development.
Vietnam now has more than 19,570 cooperatives with more than 6.3 million members. Of that total, more than 10,700 are agricultural cooperatives and over 4,300 are industrial-craft cooperatives, among others. The average revenue of a cooperative is approximately VND3 billion (US$132,000) per year.