Over 1,600 more businesses enter agricultural sector in 2021

A total of 1,600 agri-businesses were newly established and resumed operation in 2021, raising the number of firms in the sector to over 14,400, according to the Ministry of Agriculture and Rural Development.

The ministry said agribusinesses are growing strongly in Vietnam, becoming the core of the agricultural value chain. There are a number of major corporations expanding into hi-tech agriculture, such as Nafoods, TH, Dabaco Vietnam, Masan, Lavifood, Doveco, and Bien Dong Trading and Investment JSC.

This year, 1,250 new agricultural cooperatives were established. Vietnam now has 19,000 cooperatives, including 20,00 hi-tech agricultural cooperatives./.