Cooperatives play significant role in OCOP product development
Providing 2.59 million jobs
Cao Xuan Thu Van, Chairwoman of the Vietnam Cooperative Alliance, said that in recent years, the Party and the State have issued and put into effect numerous policies to develop the collective and cooperative economy, a notable one of which is Resolution No.20-NQ/TW of the 13th Party Central Committee’s Politburo. The National Assembly has issued the Cooperative Law 2023, taking effect as from July 1, 2024, which institutionalizes eight groups of key policies outlined in Resolution No.20-NQ/TW.
Over 14,000 OCOP products nationwide have been rated three stars or higher - photo: Do Nga |
Reports by 63 provincial and municipal cooperative alliances show that by the end of June 2024, the country had had 32,688 cooperatives with more than 6.94 million members and 2.59 million employees, a total chartered capital exceeding VND58.2 trillion (VND1.91 billion per cooperative on average), and a total asset value of more than VND191 trillion.
The collective and cooperative economic sector has contributed four percent to Vietnam’s gross domestic product (GDP), according to data of the General Statistics Office of Vietnam (GSO). Cooperatives’ products have become increasingly diverse, many of which have better met market demands. The One Commune One Product (OCOP) program has attracted over 5,300 registered entities, 38.1 percent of which are cooperatives, Van said.
Cooperatives have been contributing to improving OCOP products in terms of both quantity and quality. With the Ministry of Agriculture and Rural Development’s support, the Vietnam Cooperative Alliance has been developing OCOP products as a way to strengthen the collective and cooperative economy.
Vietnam has so far developed over 14,000 3-star or higher-ranking OCOP products. Specifically, 72.1 percent of the products are 3-star, 25.8 percent are 4-star, and 2.1 percent are 5-star or potential 5-star products).
Among more than 7,800 OCOP entities, 32.8 percent are cooperatives. Nearly 2,500 cooperatives have developed OCOP products, Van said. They have been promoting product marketing and branding while developing products meeting the standards, she added.
However, according to Van, alongside the achievements that have been made, OCOP products are still struggling to find markets, especially in their efforts to reach export targets. This is a concern for many cooperatives and OCOP stakeholders.
VIETNAM OCOPEX creates opportunities to boost sale of OCOP products - photo: Do Nga |
Promoting trade to unlock market access for OCOP products
To support and promote the development of cooperatives in general and to find markets for OCOP products in particular, Van emphasized that, in addition to strengthening communications and participating in the formulation of policies and guidelines to promote the collective economy, the Vietnam Cooperative Alliance will pay special attention to trade promotion activities. This will be considered a key task to help cooperatives resolve bottlenecks in selling their products.
The year 2024 has been designated by the Vietnam Cooperative Alliance as a year of trade promotion for cooperatives, featuring a wide range of activities, such as fairs, exhibitions, forums, supply-demand connection conferences, brand building and development, and trade promotion on digital platforms.
From October 31 to November 4, the Vietnam Cooperative Alliance, in coordination with the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development, organized the OCOP Export Product Exhibition - VIETNAM OCOPEX 2024. This meaningful activity provided cooperatives with opportunities to promote and showcase their products, explore and expand markets, and foster cooperation with both domestic and international partners.
To further develop and enhance the efficiency of cooperatives in accordance with Resolution 20-NQ/TW of the 13th Party Central Committee, Van emphasized the need for the active involvement and support of authorities at all levels, especially those from the Ministry of Industry and Trade and the Ministry of Agriculture and Rural Development, sectors, localities, and economic organizations.
In 2025, the Vietnam Cooperative Alliance will host and coordinate various trade promotion activities, including the Annual Conference of the Asian Farmers’ Group for Cooperation (AFGC). The Alliance will collaborate with the International Cooperative Alliance - Asia and Pacific (ICA-AP) to invite member organizations from the region to participate in activities, such as the Asia-Pacific Trade Promotion Fair and OCOP Product Showcase, combined with the ceremony launching the International Year of Cooperatives 2025 to be organized by the Vietnam Cooperative Alliance.
See also
190 businesses win Vietnam National Brand Award 2024
10:33 | 05/11/2024 Vietnamese Brands
Vietnamese AI firms have many chances of development
14:51 | 04/11/2024 Vietnamese Brands
See more news
Cơ Tu ethnic’s farm produce debuts in supermarket system
09:08 | 31/10/2024 Vietnamese Brands
Vietnam's pavilion opens at High Point Market in US
09:26 | 29/10/2024 Vietnamese Brands
Vietnam national brands to be honoured in early November
09:18 | 29/10/2024 Vietnamese Brands
Việt Nam's oldest bicycle brand gears up for stock market debut
09:04 | 29/10/2024 Vietnamese Brands
Việt Nam introduces products in Australian long-standing food fair
15:45 | 27/10/2024 Vietnamese Brands
Vietnamese travel firms seek new opportunities at ITB Asia 2024
11:10 | 25/10/2024 Vietnamese Brands
Industry-leading charter capital propels Imexpharm toward new heights
09:00 | 25/10/2024 Vietnamese Brands
Bát Tràng promotes craft villages development associated with tourism
15:14 | 24/10/2024 Vietnamese Brands
More than 300 products achieve Việt Nam National Brand in 2024
10:49 | 23/10/2024 Vietnamese Brands
International Ngọc Linh ginseng festival set for 2025
09:48 | 22/10/2024 Vietnamese Brands
PM arrives in Kunming, beginning activities in China
11:45 | 05/11/2024 News and Events
Vietnam’s WTO journey: From economic integration to global trade powerhouse
11:01 | 05/11/2024 Economy
Calligraphy exhibition highlights literary masterpieces
10:53 | 05/11/2024 Culture
Foreign experts inspect Vietnam’s conditions for stock market upgrade
10:43 | 05/11/2024 Economy
190 businesses win Vietnam National Brand Award 2024
10:33 | 05/11/2024 Vietnamese Brands
Multimedia
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
Vietnam-Cuba traditional solidarity, special friendship
10:12 | 02/11/2024 Infographic
Vietnam expands FTA network
09:15 | 01/11/2024 Infographic
Vietnam – Qatar friendship and multifaceted cooperation
09:06 | 31/10/2024 Infographic
Enhancing Vietnam - Saudi Arabia cooperative ties
09:18 | 29/10/2024 Infographic
NA deputies call for solutions to ensure the feasibility of drug prevention and control programme
17:33 | 03/11/2024 Policy
15th NA’s 8th session to further discuss legislative, inspection work next week
16:58 | 03/11/2024 Policy
Developing education, training to serve new era of nation: PM
09:57 | 03/11/2024 Policy
Party chief clarifies major issues on new era of nation
16:06 | 01/11/2024 Policy
Efforts to bring electricity to remote villages of Ha Giang Province
15:15 | 04/11/2024 Energy
Vietnamese F&B industry works to catch up with green consumption trend
17:38 | 03/11/2024 Industry
PM calls for Qatar's support for energy development in Việt Nam
08:56 | 01/11/2024 Energy
Efforts made to create breakthrough in Vietnam's automobile industry
09:28 | 31/10/2024 Industry
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
Da Nang to invest additional 16 million USD into software park
17:19 | 03/11/2024 Investment
PM receives heads of leading investment firm, authority of Qatar
09:07 | 01/11/2024 Investment
Forum suggests suitable orientations for green development strategy in Lam Dong
15:44 | 31/10/2024 Investment
Finance ministry proposes two price management scenarios for year-end
10:11 | 04/11/2024 Finance-Banking
Banking sector prioritises support for import-export firms
16:35 | 02/11/2024 Finance-Banking
Smart Banking 2024 workshop and exhibition held
15:32 | 31/10/2024 Finance-Banking
Interest rates expected to decrease by 0.7 percentage points next year
09:14 | 29/10/2024 Finance-Banking
More accurate forecasts at all levels needed to reduce coastal disaster risk
15:07 | 04/11/2024 Environment
Nearly-98-million-USD environment project inaugurated in Ninh Thuan
10:13 | 03/11/2024 Environment
Northern region to experience first cold weather of this winter
14:30 | 31/10/2024 Environment
Central Việt Nam prepares for intense rainfall and strong winds
09:33 | 29/10/2024 Environment
Technology “key” to attract FDI
09:09 | 05/11/2024 Science - Technology
HCM City partners with Google for Education in digital transformation
14:47 | 04/11/2024 Science - Technology
Việt Nam develops 'purely Vietnamese' generative AI
09:45 | 01/11/2024 Science - Technology
Vietnam’s first semiconductor expo underway in HCM City
09:36 | 01/11/2024 Science - Technology
VRA proposes over $7.2b for Lào Cai-Hà Nội-Hải Phòng-Quảng Ninh Railway project
09:22 | 05/11/2024 Society
Eastern section of $1.23b southern expressway will soon be opened for use
15:03 | 04/11/2024 Society
Vietnam aims to produce innovative medicines
14:53 | 04/11/2024 Society
Railway project connecting Quang Ninh (Vietnam) to China in the pipeline
17:53 | 03/11/2024 Society
190 businesses win Vietnam National Brand Award 2024
10:33 | 05/11/2024 Vietnamese Brands
Vietnamese AI firms have many chances of development
14:51 | 04/11/2024 Vietnamese Brands
Cooperatives play significant role in OCOP product development
14:45 | 04/11/2024 Vietnamese Brands
Cơ Tu ethnic’s farm produce debuts in supermarket system
09:08 | 31/10/2024 Vietnamese Brands
Calligraphy exhibition highlights literary masterpieces
10:53 | 05/11/2024 Culture
VN int’l fashion week Fall/Winter 2024 prepares to open
11:38 | 04/11/2024 Culture
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
$10-billion national target programme on cultural development officially proposed to parliament
18:02 | 02/11/2024 Culture
Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia
10:27 | 05/11/2024 Tourism
Foreign travellers' interest in northern regions still strong after typhoon
14:15 | 04/11/2024 Tourism
Ninh Bình Festival to boost historical heritages of VN’s former capitals
14:10 | 04/11/2024 Tourism
Halal tourism: tackling religious and cultural differences
17:57 | 02/11/2024 Tourism