HCM City's agricultural restructuring a success

The switch from traditional to urban farming in Ho Chi Minh City has yielded great success over the last five years, according to the city's Department of Agriculture and Rural Development.
HCM City's agricultural restructuring a success ảnh 1Hi-tech production of cantaloupe fruits which are grown in a glass house in Ho Chi Minh City. (Photo: VNA)

HCM City (VNA) - The switch from traditional to urban farming in Ho Chi Minh City has yielded great success over the last five years, according to the city's Department of Agriculture and Rural Development.

For the 2011-15 period, more than 3,700 farmer households and enterprises with feasible business plans received a loan interest subsidy from a city programme to implement their projects.

Speaking at a meeting in HCM City on March 3, Tran Ngoc Ho, the department's deputy director, said the projects had created jobs for 45,097 labourers and helped raise the average per capita income in rural areas to 39.72 million VND (1,787 USD) per year, reducing the income gap between rural and urban areas.

Earnings from agricultural production in places like Can Gio, Cu Chi, Binh Chanh, Nha Be, Thu Duc and Hoc Mon districts, and District 9 and 12 improved significantly, he said.

As a leading district in agricultural restructuring, Can Gio district during the period achieved an average growth rate of 11.1 per cent a year in production value of agriculture, forestry and fisheries, said Tran Xuan Binh, head of the district's Economics Department.

Earnings from agricultural production per hectare increased to 300 million VND last year, an increase of 13 percent over 2010, he said, adding that the programme had also helped to reduce the district's poverty rate to 15 percent.

Based on these successes, the city passed a new provision to urbanise agriculture in the 2016-20 period, with adjustments to facilitate bank loan access of farmers and enterprises in the city in an effort to help them boost their production, Ho said.

Under the programme, individuals and organisations investing in the agricultural sector and having feasible business plans will receive between 60-100 percent loan interest subsidy from the city, he said.

The city expects to raise the average per capita income to 63 million VND (as well as earnings from agricultural production per hectare to over 800 million VND by 2020 under the new programme, he said.-VNA

VNA

See more

The trade policy review of Uruguay at the WTO headquarters. (Photo: VNA)

Vietnam participates in WTO review of Uruguay's trade policy

Vietnam also welcomed Uruguay's active engagement in the multilateral trading system as a founding member of the WTO. Uruguay has ratified the Agreement on Fisheries Subsidies, joined the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), and contributed to Joint Statement Initiatives (JSIs) on e-commerce and micro, small and medium-sized enterprises (MSMEs).

Experts discuss cooperation opportunities in Vietnam-Germany manufacturing value chains at the forum. (Photo: VNA)

Vietnam-Germany cooperation creates new opportunities for sustainable manufacturing

Germany is an important partner of Vietnam and a global leader in green technology, smart manufacturing, automation and circular economy solutions. The combination of German technological expertise and Vietnam's manufacturing capabilities and strong commitment to transformation would create significant opportunities in green production, supporting industries, digital transformation, supply chain management and eco-industrial park development.

Businesses introduce Halal market products at the workshop. (Photo: VNA)

Da Nang businesses eye growth in booming global Halal market

Huynh Xuan Son, Deputy Director of the Da Nang Department of Industry and Trade, said the Halal market has emerged as a strategic destination for Vietnamese exporters amid persistent global economic uncertainties. Serving more than two billion consumers across over 110 countries and territories, the market offers significant opportunities for business expansion.

Vietnamese bananas are sold at an AEON supermarket in Japan. (Photo: VNA)

Vietnamese products promoted at AEON stores across Japan

Speaking at the opening ceremony, Deputy Minister of Industry and Trade Phan Thi Thang highlighted the significance of 2026, which marks a decade of cooperation between the ministry and AEON in organising Vietnam Week in Japan.

Growing demand for financing for infrastructure and green transition projects is driving Vietnam’s search for new sources of capital. In the photo: A section of Noi Bai – Lao Cai Expressway. (Photo: VNA)

Vietnam seeks to unlock capital for infrastructure, green transition

As Vietnam advances its sustainable growth agenda and commitment to achieving net-zero emissions by 2050, the need for long-term capital is rising rapidly. Experts say meeting these financing requirements will depend not only on expanding available resources but also on broadening funding sources and improving project financing models.

Private technology enterprises are increasingly viewed as a driving force at the heart of the innovation ecosystem. (Photo: VNA)

Vietnam pushes to develop world-class technology startups

Vietnam’s startup ecosystem now comprises roughly 4,000 startups, 208 investment funds, 84 incubators and more than 20 startup support centres. With an estimated valuation of 75 billion USD, the ecosystem has established most of the key foundations needed for long-term growth.