In Viet Nam’s socialist-oriented market economy, the collective economy, with cooperatives at its core, plays a particularly important role. It is not only a model for production linkage aimed at improving economic efficiency, but also a mechanism that contributes to social equity, stabilises people’s livelihoods and promotes sustainable development.

Politburo member and Permanent member of the Party Central Committee’s Secretariat Tran Cam Tu has called on the Viet Nam Farmers’ Union (VNFU) to accelerate reform and place farmers at the centre of all activities to meet the country’s development requirements in the new era.

In the process of Viet Nam’s economic development, the collective economic sector is increasingly affirmed as one of the important pillars to ensure inclusive and sustainable growth. However, for this sector to fully realise its potential, access to credit capital suitable to its specific characteristics remains a key factor.

Deputy Prime Ministers Nguyen Chi Dung and Mai Van Chinh co-chaired the 2025 cooperative and collective economy forum in Ha Noi on November 28, with its theme focusing on effective linkage between cooperatives and enterprises.