International practices show a country with high development level and competitiveness would pose a strong developed collective economy.

In the coming time, Ung Hoa District will focus on selecting experienced and enthusiastic staffs and mobilising social resources to develop collective economy.

Collective economy is an inevitable trend during Vietnam’s efforts for global integration, Prime Minister Nguyen Xuan Phuc has said.

Vietnam has over 4,000 cooperatives involved in value chain linkages nationwide, accounting for nearly 13% of the total number of cooperatives.