economy
22d ago
Hanoi
Vietnamese Cooperatives Contribute 4.8 Percent To GDP
The Ministry of Culture, Sports and Tourism in Vietnam has called on local authorities and businesses to accelerate the development of creative night tourism products. This law replaces previous provisions on judicial assistance for prisoner transfers. The 2025 law, comprising 4 chapters and 48 articles, designates the Ministry of Public Security as the central focal point for procedures. It also allows for electronic submission of case files and documents. Article 25 of the 2025 Law on the Transfer of Sentenced Persons stipulates conditions for transferring prisoners. By the end of 2025, the country is expected to have over 36,000 cooperatives and 153 cooperative unions. There are also more than 81,000 cooperative groups. The average annual revenue per cooperative is estimated at approximately 3,185 million VND.
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