Measures deployed to lure more investment to agriculture

The Government has issued a resolution detailing measures to encourage businesses investing in safe, effective and sustainable agricultural development.
Measures deployed to lure more investment to agriculture ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The Government has issued aresolution detailing measures to encourage businesses investing in safe,effective and sustainable agricultural development.

The resolution targets modern and sustainable growth of theagricultural sector towards large-scale production and stronger application ofscience and technology to improve productivity and products’ quality in 2030,thus enhancing the sector’s competitiveness and farmers’ income.

In 2030, the sector is expected to become one of the world’stop 15, while agricultural processing is hoped to enter world’s top 10.

Vietnam will strive to become a global hub for intensiveprocessing of agricultural products, and a logistics centre of the world’s farmproduce trading system, according to the resolution.

It clarifies that in 2030, Vietnam expects about 3 percentgrowth in agro-forestry-fishery production value annually, and 6-8 percentexpansion in the export of the products.

About 80,000-100,000 businesses are expected to invest inagricultural sector, including up to 4,000 large firms and 6,000-8,000 medium-sizedenterprises.

To this end, the resolution roles out a number of measures suchas continuing to complete constitution and reforming administrative procedures,cutting down business conditions in agriculture, and creating attraction forthe sector to lure more investment.

Vietnam will expand agricultural production, processing andselling to match the market’s demand as well as growth strategy of the sector,while reforming mechanisms to support enterprises to seek markets, stated theresolution.

The country will also complete credit policies foragricultural projects to encourage more investment in the field, it said.-VNA
VNA

See more

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.