ILO joins discussion on cooperative economy and cooperatives in Viet Nam

The ILO Country Office for Viet Nam participated in the annual Cooperative Economy and Cooperatives Forum 2024, highlighting the role of cooperatives in contributing to the transition to the formal economy and expanding social protection to advance social justice and promote decent work.

News | 06 February 2024
The Cooperative Economy and Cooperatives Forum 2024, 02/2024. © MPI 
HANOI, Viet Nam (ILO News) - The Cooperative Economy and Cooperatives Forum 2024 was organized by the Viet Nam Ministry of Planning in Hanoi on Friday, 2 February. The annual Forum aims to strengthen state support policy as guided by Resolution No. 20-NQ/TW (dated June 16, 2022) and to identify the driving forces for collective economy and cooperatives development in the new period.

Speaking at the Forum, Director of the International Labour Organization (ILO) Country Office for Viet Nam, Ingrid Christensen highlighted the role of cooperatives in contributing to the transition to the formal economy and to expanding social protection. Cooperatives have gained more relevance as a complementary development paradigm, she noted, with increased attention to cooperatives as a viable solution to re-balance economic, social and environmental objectives.

While recognizing that cooperatives share many similar challenges with other micro, small and medium-sized enterprises, the ILO also underlined that some challenges are unique to cooperatives, and call for tailored policy and strategy, including on awareness, capacity building, and enhanced national policy cohesion on cooperatives to advance social justice and promote decent work.

The ILO has supported the Government of Viet Nam and social partners in the process of revising the Cooperative Law. The ILO welcomes such revision to be in line with the basic principles of cooperatives as provided for in the main international instruments concerning cooperatives, especially the ILO Recommendation on Promotion of Cooperatives, 2002 (R.193) and the concept of the social and solidarity economy.

The ILO is a leading agency of the United Nations in promoting and advancing cooperatives and the wider social and solidarity economy. To this day, it remains the only specialized agency of the United Nations with an explicit mandate covering all cooperatives.