Collective economy and cooperatives contribute about 4.8% of the country's GDP.

Collective economy, with cooperatives as its core, is an important economic component, with many diverse forms of cooperative economic organizations, playing an important role in the country's economic, political , cultural and social aspects.

According to statistics, the contribution of the collective economic sector and cooperatives to the country's GDP averages about 4.8%; indirectly contributing about 30% of the country's GDP through the added value of member household economies.

The collective economic sector supplies the market with 18-32% of food, foodstuffs and many other consumer goods, contributing to stabilizing market prices and curbing inflation.

Source: https://baodaknong.vn/kinh-te-tap-the-hop-tac-xa-dong-gop-khoang-4-8-gdp-ca-nuoc-249002.html