November 03, 2021 | 12:25 (GMT+7)
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.
The State leader had a meeting with officials of this northern province to look into the implementation of the Party’s guidelines and policies and the State’s laws on socio-economic development, the collective economy, and cooperatives.
President Phuc said the collective economy must be connected with local advantages, emphasizing that developing cooperatives in a socialist-oriented market economy is a task of the entire political system, and all-level Party committees and administrations must view this as a political task.
He held that it is necessary to develop a strategy for developing cooperatives and cooperative groups and build a new-style and modern model of cooperatives that goes beyond the traditional cooperative model.
Cooperatives and cooperative groups should have their strategic visions while applying modern corporate governance models and advanced technology to their production activities, according to the President.
He requested Ninh Binh to tap into its advantages and potential to create profound and fundamental changes to agricultural production methodology and rural areas, suggesting the province capitalize on its advantages in tourism, mechanics, industry, and agricultural services to boost development.
Source: VNA