Vietnamplus

Agriculture sector overcame difficulties caused by Covid-19 to enjoy strong growth, with crop cultivation restructured properly in 2021.

As a challenging 2021 comes to the end, the agricultural sector has overcome a host of difficulties posed by Covid-19 and surpassed many of its targets a month early, strengthening its role as a strong pillar of the country’s economy.

National Assembly deputy Duong Khac Mai proposed to further promote the reorganisation of production according to the farmer linkage chain, establish and improve the operational efficiency of cooperative groups and cooperatives.

The agricultural sector, one of the pillars of the domestic economy, has plans to restore production in the south immediately after the COVID-19 pandemic is controlled.

The agriculture sector became the economy's bright spot in the first seven months of this year, posting a trade surplus of 3.9 billion USD in the period.

According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached 2.3 quadrillion VND (100 billion USD), or 24.6 percent of the banking sector’s total loans.

Representatives of the agriculture sector of Vietnam and Australia have agreed to accelerate work to allow the import of more farm produce of each other at the recent third Vietnam – Australia agriculture forum.

The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).

The Ministry of Agriculture and Rural Development is working to promote the distribution of farm products amid the fourth outbreak of COVID-19 in Vietnam as well as establish a resilient agriculture sector.

The agricultural sector needs to focus on developing raw materials to reduce the dependence on imports as well as improve processing capacity, experts said.

Prime Minister Nguyen Xuan Phuc has asked the agriculture sector to strive for the target of 44 billion USD from exports in 2021.

Foreign direct investment in Vietnam's agriculture sector remains limited despite the industry's enormous potential.

A host of measures have been suggested for the agriculture sector to reach the target of 40 billion USD in export revenue this year, given the impact of COVID-19 and now natural disasters.

The domestic agriculture sector is in need of solutions to optimise capital and science and technology, thus raising productivity, quality, and value in service of both domestic and foreign markets, the fifth national farmers’ forum held in Hanoi on October 13 heard.

The agricultural production area of the winter crop in northern provinces was expected to increase by 20 percent to meet the increasing demand from China, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

The agriculture sector needs to address challenges related to branding, geographical indications, traceability, and intellectual property to take full advantage of the free trade agreement Vietnam has signed with the EU, speakers said at a meeting on July 24.

The Ministry of Agriculture and Rural Development (MARD) will make major efforts to reach the 2020 growth target of 2.5-3 percent, with total agro-forestry-fishery export value to be about 41 billion USD, Minister Nguyen Xuan Cuong said on June 29.

Many business owners in the southern province of Dong Nai, a major industrial hub in Vietnam, have expressed delight at the National Assembly (NA) ratifying the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (EVIPA) on June 8.

COVID-19 has prompted many economic sectors and their players to change. Some sectors have done quite well in renovating and made certain achievements.

The Ministry of Agriculture and Rural Development has issued an official document to request 20 provinces and cities to take drastic and synchronous measures to prevent and control African swine fever (ASF).