Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue shared Vietnam’sexperience in developing cooperatives with a delegation of the Lao NationalEconomic Research Institute in Hanoi on March 19.

Vietnamese cooperatives have seen a change for the better after 15 yearsimplementing the resolution adopted at the fifth plenum of the ninth PartyCentral Committee on collective economy, and 10 years implementing the resolutionof the seventh plenum of the tenth Party Central Committee on agriculture,rural areas and farmers, he said.

The official said new-style cooperatives have not adversely affected householdeconomy but, on the contrary, helped increase values of the model.

Up to 60 percent of Vietnamese cooperatives are operating effectively insteadof the previous 10 percent, he said.

The Deputy PM stressed that leaving farmers to operate cooperatives bythemselves or using administrative orders to get farmers join in cooperatives willnot produce good outcomes, adding that cooperatives should be formed anddeveloped on the basis of economic benefits.

He also underlined the need to develop cooperatives in tandem with the processof agricultural production restructuring, and the building of new-style ruralareas. 

Regardingthe State-owned sector, Deputy PM Hue affirmed Vietnam’s policy of equitisationof State-owned enterprises and divestment of State capital while applyingmarket standards and norms towards enhancing transparency in the sector’soperation, and separating the State management function from the representativerole of State capital in enterprises.

Hue expressed his hope that Vietnam’s experience will be useful for Laos topromote its economic reform in the time ahead, contributing to tightening thetraditional friendship between the two countries.

Head of the Lao National Economic Research Institute Bouasone Bouphavanh, whois a former Lao Prime Minister, lauded Vietnam’s strong development,saying his visit aims to learn from Vietnam’s experience in reformingState-owned enterprises and developing new collective economic models andcooperatives.

He shared that Lao State-owned enterprises are meeting various difficulties,thus affecting the country’s public debt, while there are many shortcomings inproduction relations in agriculture.

While in Vietnam, the Lao delegation is scheduled to have working sessions withthe Party Central Committee’s Economic Commission, the Vietnam Academy ofSocial Sciences, and the Committee for Management of State Capital atEnterprises to study Vietnam’s experience in such fields, he said.-VNA