Minister calls on private sector to invest in processing industry

Minister of Agriculture and Rural Development Cao Duc Phat called on private enterprises to invest in the post-harvest processing sector to add more values to Vietnamese agro-products.
Minister of Agriculture and Rural Development Cao Duc Phat called onprivate enterprises to invest in the post-harvest processing sector toadd more values to Vietnamese agro-products.

Addressing a conference held by the International Support Group inHanoi on December 9, Phat said that it was necessary to create afavourable investment environment to encourage businesses to invest inthe agricultural sector.

The ministry will reviewmechanisms and policies to improve the investment and businessenvironment in the sector, the minister said at the conference, whichwas entitled “Promoting the processing industry-Opportunities andChallenges”.

The development of the processingindustry is not only an urgent requirement to add more values to theend-products, create jobs and improve income for farmers, but also adriving force for boosting farming production, the minister added.

The enterprises are advised to apply science and technology to shift towards highly-competitive processed products.

Meanwhile, Nguyen Trong Thua, head of the Department of Processing andTrade for Agro-forestry-fisheries Products, said that one of thepriorities would be to reduce post-harvest loss in agriculture andfishery by 50 percent by 2020.

Other priorities areinnovating technologies, increasing the rate of finely processedproducts and ensuring the hygiene while keeping the price competitiveand meeting the demand of tough markets.

Investing in advanced technologies to produce high-valued products from the by-products is also a priority.

The delegates at the conference also emphasised the need of improvingthe quality of the workforce to meet the criteria required to processand preserve products.

Besides that, policies ontaxes and credit also should be improved towards ensuring theconvenience, transparency and fairness among economic sectors and aclear and stable legal framework to manage the quality is needed.

According to the Department, the agro-product processing sectoroccupies 20 percent of the processing industry’s GDP and is growing at7.44 percent, positively contributing to the country’s GDP.-VNA

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