Cooperatives play growing role in market economy: President
President Nguyen Xuan Phuc highlighted the increasingly important role of the collective economy and cooperatives in the market economy while talking to officials of Ninh Binh province on November 2.
President Nguyen Xuan Phuc (second from left) presents a gift to Ninh Binh officials on November 2 (Photo: VNA)
NinhBinh (VNA) – President Nguyen Xuan Phuc highlighted theincreasingly important role of the collective economy and cooperatives in the market economy whiletalking to officials of Ninh Binh provincඣe on November 2.
TheState leader had a meeting with officials of this northern province to lookinto the implementation of the Party’s guidelines and policies and the State’slaws on socio-economic development, the collective economy, and cooperatives.
President Phuc said the collective economy must be connected with localadvantages, emphasising that developing cooperatives in asocialist-oriented market economy is a task of the entire political system, andall-level Party committees and administrations must view this as a politicaltask.
He held that it is necessary to develop a strategy fordeveloping cooperatives and cooperative groups and build a new-style and modernmodel of cooperatives that goes beyond the traditional cooperative model.
Cooperatives and cooperative groups should have theirstrategic visions while applying modern corporate governance models andadvanced technology to their production activities, according to the President.
He requested Ninh Binh to tap into its advantages andpotential to create profound and fundamental changes to agricultural productionmethodology and rural areas, suggesting the province capitalise on itsadvantages in tourism, mechanics, industry, and agricultural services to boostdevelopment./.
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President Nguyen Xuan Phuc (second from left) presents a gift to Ninh Binh officials on November 2 (Photo: VNA)
