The Vietnamese government is committed to a bringing in co-operative revolution, said prime minister Nguyen Xuan Phuc.
He was speaking at the 10th Asia-Pacific Co-operative Ministers’ Conference in Hanoi, where he said the co-op model was important for national development, with around 70% of the country’s population living in rural areas.
The plan is to increase the number of co-ops in Vietnam by 15,000 by 2020, said Mr Nguyen.
He said law on co-operatives had been amended three times with a resolution to kick-start the co-operative movement in the country.
The conference was hosted last month by the International Co-operative Alliance-Asia Pacific, together with the Vietnam Cooperative Alliance (VCA), and the government of Vietnam.
With more than 100 delegates from 21 countries, co-operative leaders stressed that the UN Sustainable Development Goals are achievable only through a partnership between governments and co-ops.
The next Asia-Pacific Co-operative Ministers’ conference will held in Iran.