The northern province of Bac Giang has set the target of establishing at least 80 new cooperatives in various fields and localities this year, according to Chairman of the provincial Cooperative Alliance Nguyen Duc Hien.

Ho Chi Minh City has set a target of developing an additional 150 cooperatives and two cooperative alliances during the 2021-2025 period while posting annual average growth of 7 percent in the collective economy.Ho Chi Minh City has set a target of developing an additional 150 cooperatives and two cooperative alliances during the 2021-2025 period while posting annual average growth of 7 percent in the collective economy.

The development of the collective economy must originate from people’s demand and be in line with the actual conditions and market economy rules, Prime Minister Nguyen Xuan Phuc said on December 22.

FPT Corporation, a Vietnamese IT company, and French enterprises are hoped to sign cooperation deals, especially in information and technology service supply.

New-style cooperative models should be created to boost agricultural restructuring, thus helping increase farmers’ their income.