Vietnam has set a target to double the amount of foreign investment in agriculture to 34 billion USD by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.
The agricultural sector has disbursed about 3.52 trillion VND (152.98 million USD) of public investment in the first six months of 2021, completing 35.83 percent of its yearly target, according to the Ministry of Agriculture and Rural Development (MARD).
The Ministry of Planning and Investment (MPI) is drafting a decree to support the development of enterprises investing in agriculture and rural areas in a bid to draw investment into the sector.
The Ministry of Agriculture and Rural Development (MARD) is likely to fulfil 11.4 percent of its yearly plan of public capital disbursement at the end of the first quarter of this year.
Laos is calling on Vietnamese firms in general and those from the Mekong Delta city of Can Tho in particular to study investment chances in Laos, especially in agriculture such as rubber and banana plantations for joint benefits, Lao Ambassador to Vietnam Sengphet Houngboungnuang said on July 10.
Thai Deputy Prime Minister Somkid Jatusripitak has urged the Board of Investment (BoI) to make tax incentives and investment packages more attractive to foreign agri-businesses to turn Thailand into an investment hub for CLMV (Cambodia, Laos, Myanmar and Vietnam) countries.
A number of issues relating to the attraction of businesses to invest in agriculture and rural areas, and the application of high technology in the field were raised at the ongoing question-and-answer (Q&A) session of the eighth meeting of the 14th National Assembly in Hanoi on November 6.
The Government has issued a resolution to encourage businesses to invest in agriculture, as part of efforts to bring theVietnamese agricultural sector into world’s top 15 and processing of farm produce into the global top 10 in 2030.
The Government has issued a resolution detailing measures to encourage businesses investing in safe, effective and sustainable agricultural development.
The upcoming visit to Japan by Prime Minister Nguyen Xuan Phuc from June 27 to July 1 during which he will attend G20 Summit shows how important the two countries’ partnership is to Vietnam.
Lao Prime Minister Thongloun Sisoulith has pledged to create favourable conditions for Vietnamese firms to continue investing in agricultural development in Laos.
A forum on agricultural production and consumption promotion will be held in Hanoi for the first time, according to the Ministry of Agriculture and Rural Development.
Acting President Dang Thi Ngoc Thinh said that the Government wants to continue the call for investment in agriculture during a meeting with constituents in Phuoc Hau and Long Phuoc communes of Long Ho district in the Mekong Delta province of Vinh Long on October 9.
Calling for investment in agriculture to optimise the potential and strengths of the locality is a priority of the Mekong Delta province of Ben Tre, said Cao Van Trong, Chairman of the provincial People’s Committee at a conference promoting investment to the sector on September 18.
Though the Vietnamese government and Ho Chi Minh City’s administration offer many incentives and have favourable policies to encourage businesses to invest in agriculture, they often remain on paper, heard a conference held in the city on August 27.
The Ministry of Planning and Investment (MPI) and the Ministry of Agriculture and Rural Development (MARD) will co-organise a conference on July 30 to discuss solutions for the development of the agricultural sector and open the door for investment from the private sector.
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