Vietnam learns about collective economy models in Israel
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.
The Vietnamese delegation visit a dairy farm in Nahalal, a moshav in Israel. (Photo: VNA)
Tel Aviv (VNA) – A delegation of the Ministryof Planning and Investment paid a visit to Israel from September 4 to 9 tolearn experience in developing the collective economy and cooperatives there.
Thedelegation was led by Director of the ministry’s Agency for CooperativeDevelopment Phung Quoc Chi, who is also head of the compilation group for thedraft revised Law on Cooperatives. Some members of the compilation group from the National Assembly Office and theministry also joined the delegation.
Theofficials had working sessions with the Ministry of Economy and Industry, theMinistry of Agriculture and Rural Development, the Kibbutz Federation, and the Agriculture Research Organisation of Israelto learn about management mechanisms for the collective economy andcooperatives, such models as Kibbutz (a model in which members own commonassets and work together) and Moshav (a model similar to Kibbutz but its memberspossess their own assets), and rural residential clusters.
They also visited some outstanding Kibbutzexamples to gain an insight into their production and business models, relationsbetween executive boards and members, and models for the distribution of products,services, income, and other interests.
First appearing in 1909, Kibbutzdeveloped strongly in Israel in the 1960s and 1970s. There are about 270 Kibbutzimin the country at present, and all of them have aligned their production andbusiness models to the modern socio-economic context, with science - technologyplaying a crucial role.
In 2021, Kibbutz in Israel generated 50.3 billion NIS (14.5billion USD) in revenue and 1.5 million NIS (440,000 USD) for each member, andcontributed over 50% of total exports, statistics show./.
Minister of National Defence Gen. Phan Van Giang received Director General of the Israeli Ministry of Defence Maj. Gen. Amir Eshel, who is in Vietnam to attend the countries’ second defence policy dialogue, in Hanoi on June 2.
Vietnam’s tourism and farm produce trade potential was introduced to Israeli partners at a seminar held in Tel Aviv on June 15, aiming to boost bilateral partnerships in these areas.
Vietnam wishes to maintain and further expand cooperation with Israel in multiple areas, including trade and economy, science and technology, and innovative start-ups, said Vietnamese Ambassador to Israel Ly Duc Trung on August 9.
President Nguyen Xuan Phuc has said that Vietnam wants to cooperate with Israel in fields of its strength such as innovation, sci-tech and renewable energy.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
The Vietnamese delegation visit a dairy farm in Nahalal, a moshav in Israel. (Photo: VNA) 
