PM chairs forum on digital transformation role in collective economy, cooperatives
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.
Prime Minister Pham Minh Chinh addresses the forum (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinhon September 23 chaired a forum on collective economy and cooperatives, whichfocuses on the role of digital transformation in the development of the sector.
The leader underlined the significanceof digital transformation as a compulsory task in the national development.
Meanwhile, the collective economy is an obvious trend duringinternational economic integration, which is suitable to the socialist-orientedeconomy, he said.
Resolution No.20-NQ/TW released at the fifth session of the13th Party Central Committee clarified that the collective economy is animportant economic sector that needs to be reinforced and developed and, togetherwith the State-owned sector, to become a firm foundation for the nationaleconomy, he noted.
The Government leader said that over the years, the collective economic sector hasseen strong growth in all aspects, including scale, structure, connectivity, andefficiency.
Participants at the forum (Photo: VNA)
However, it has yet to meet all development targetsand requirements, he said, pointing out various difficulties facing it,including poor capacity and efficiency and the loose organisation structure, andmodest human resources quality. One of the reasons behind the problems is the slowdigital transformation without specific strategy and actions.
Therefore, the collective economy and cooperatives should activelychange their production and business methods, while speeding up digitaltransformation to adapt to the new development situation, he stressed.
The Government leader underlined that the forum aims to evaluatethe achievements in digital transformation at the national level and in the fieldof collective economy and cooperatives in particular, while pointing out shortcomings, difficulties, challenges and current problems in the work, thusseeking suitable solutions and promoting digital transformation in the future,motivating the fast and sustainable growth of the sector./.
The 13th Party Central Committee looked into a project reviewing the 20-year implementation of a resolution on continuing to reform, develop and improve the efficiency of the collective economy during its fifth plenum on May 7.
The expansion of the collective economic sector is equivalent to just about half of the overall economic growth. This sector’s contribution to the GDP has also declined continually, from 8 percent in 2001 to 3.6 percent in 2020.
A delegation of the Ministry of Planning and Investment paid a visit to Israel from September 4 to 9 to learn experience in developing the collective economy and cooperatives there.
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Prime Minister Pham Minh Chinh addresses the forum (Photo: VNA) 
Participants at the forum (Photo: VNA) 
