The General Statistics Office (GSO) released the 2020 White Paper of Vietnamese Cooperatives, the first of its kind, along with the 2020 White Paper of Vietnamese Enterprises in Hanoi on April 28 as a means of meeting the requirements for information from the government, managers, and researchers in the fields of their concern.

Nguyen Bich Lam, general director of the GSO, introduces the major
contents of the two important white papers

In remarks made at a press conference held to unveil the two books, Nguyen Bich Lam, general director of the GSO, introduced the main contents of the two important white papers.

The 2020 White Paper of Vietnamese Cooperatives includes five sections which focus on a range of basic information which assesses the level of cooperative development nationwide and in various localities between 2016 and 2018.

The book affirms that cooperatives serve as an important economic component alongside the state economy and will gradually develop into a solid foundation of the national economy. Collective economic development has gone on to become a consistent policy adopted by both the state and the party in order to create a driving force to develop various cooperatives, with the policy so far yielding positive results in terms of socio-economic development. 

Despite these positives, in the context of the nation’s deeper international integration, the cooperative economy must undergo drastic reforms to adapt itself to stronger national development, the GSO leader believes.

The 2020 White Book on Vietnamese Businesses contains basic information which assesses the level of business development that took place across the country and in separate localities during the 2016 to 2019 period.

The White Book on Vietnamese Businesses 2019 states that with the country facing several challenges, largely due to the economic situation both regionally and globally, the government, ministries, and localities have been active in developing solutions to remove difficulties whilst spurring economic growth and improving growth quality.

This marks the second consecutive year that the country has achieved and exceeded all 12 major targets set by the National Assembly. Most notably, reputable international organisations and countries have singled out the country for praise as a bright spot in regional and global economic development, ranking it eighth among the most investable global economies in  2019, an improvement of 15 places in comparison to the 2018 version.