Hanoi (VNA) – Attracting businesses andinvestors to pour capital into sustainable agricultural value chains is seen as a key solution to pave the way for, and create breakthroughs in the sector’sdevelopment amid intensive integration and the volatile globaleconomy, according to insiders.
Agriculture is considered as a highlight in Vietnam’s economic panorama in 2023.The sector set to earn 54 billion USD in export turnover in 2023.
In recent year, big enterprises’ investmentsin agriculture have proven effective, helping Vietnamese farm produce be successfulin conquering the international market.
Outstanding businesses like Loc Troi Group,Vinamilk, TH Group, Trung An, Folra, Vina T&T, Vinh Hoan, and Minh Phu haveexported their agricultural products to many demanding markets.
Experts attributed these results to the guidingrole of businesses in creating high-value agricultural products.
They, however, noted agriculture still faceschallenges and risks that may make investors and businesses reluctant to enter thesector, adding that it remains less attractive compared to other industries.
According to Minister of Agriculture and Rural Development Le Minh Hoan, thenewly-registered foreign investment capital in agriculture surgedto 12.5 million USD per project in 2017, but decreased to 4.2 million USD perproject in 2021.
According to a resolution issued by the 13th-tenure Party Central Committee on the development of agriculture, farmers and rural areas till 2030 with a vision to 2045, Vietnam will accelerate the application of science andtechnology to further promote agriculture development, focusing on improvingthe quality and added value of agricultural products.
The Government has also issued many policies and speed upadministration reform to attract and facilitate businesses’ investment in developingsustainable and safe agriculture models.
The Ministry of Planning and Investment has submitted a draftdecree on support for agricultural projects to the government,which is expected to lure more investment to the sector./.
Agriculture is considered as a highlight in Vietnam’s economic panorama in 2023.The sector set to earn 54 billion USD in export turnover in 2023.
In recent year, big enterprises’ investmentsin agriculture have proven effective, helping Vietnamese farm produce be successfulin conquering the international market.
Outstanding businesses like Loc Troi Group,Vinamilk, TH Group, Trung An, Folra, Vina T&T, Vinh Hoan, and Minh Phu haveexported their agricultural products to many demanding markets.
Experts attributed these results to the guidingrole of businesses in creating high-value agricultural products.
They, however, noted agriculture still faceschallenges and risks that may make investors and businesses reluctant to enter thesector, adding that it remains less attractive compared to other industries.
According to Minister of Agriculture and Rural Development Le Minh Hoan, thenewly-registered foreign investment capital in agriculture surgedto 12.5 million USD per project in 2017, but decreased to 4.2 million USD perproject in 2021.
According to a resolution issued by the 13th-tenure Party Central Committee on the development of agriculture, farmers and rural areas till 2030 with a vision to 2045, Vietnam will accelerate the application of science andtechnology to further promote agriculture development, focusing on improvingthe quality and added value of agricultural products.
The Government has also issued many policies and speed upadministration reform to attract and facilitate businesses’ investment in developingsustainable and safe agriculture models.
The Ministry of Planning and Investment has submitted a draftdecree on support for agricultural projects to the government,which is expected to lure more investment to the sector./.
VNA
