Vietnamplus

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

Vietnam exported 166 million USD worth of processed agricultural products in the first quarter of 2020, up 33 percent year-on-year, statistics reveal.

A failure to improve the agricultural land market has discouraged the private sector to invest in the sector, experts have said.

The income per capita of rural residents in Kien Giang province, the country’s largest rice producer, has reached 46.2 million VND (1,990 USD) a year, up 1.5 times against 2015, mostly due to the use of new farming models and agricultural restructuring.

Prime Minister Nguyen Xuan Phuc, together with other leaders of the Party, State and Hanoi city, cut the ribbon to open the “One Commune, One Product” Fair in the capital city on September 21.

Up to 84.2 percent of the communes in the capital city of Hanoi have met the standards for new-style rural areas as of April this year.

Hanoi has recently announced it will spend 265 billion VND (11.39 million USD) implementing the local One Commune-One Product (OCOP) programme for the 2019 – 2020 period.

Although Vietnam’s agro-forestry-fishery sector grew 3.76 percent in 2018, the sector is operating below its potential.

The Mekong Delta province of Bac Lieu plans to create five large-scale rice fields with a total area of 25,000ha this year and six more with a combined area of 31,000ha next year, according to the provincial Department of Agriculture and Rural Development.

Provinces and cities in the Mekong Delta have set to develop high-quality agriculture combined with eco-tourism, services and industry as their ambitious targets this year.

Provinces and cities in the Mekong Delta have set ambitious targets this year with a focus on high-quality agriculture combined with eco-tourism, services and industry.

The Mekong Delta city of Can Tho’s agro-forestry-fishery output for this year is 13.5 trillion VND (578.5 million USD), 4.1 percent higher than the target, according to the municipal Department of Agriculture and Rural Development.

The pooling of fields to create large-scale fields and cooperatives for growing clean produce in southern Dong Nai province has benefited farmers and companies.

As many as 294 out of the 386 communes in Hanoi, or 76.16 percent, have been recognised as new-style rural areas, said the municipal steering board of the programme on agriculture development and new-style rural area construction for 2016-2020.

The gross domestic product (GDP) of agriculture, forestry and fishery is estimated to expand from 3.95 percent to 4.05 percent in the first six months of 2018, the highest level in 10 recent years.

The Government of Vietnam is committed to implementing initiatives of the Greater Mekong Sub-region (GMS), including those on high-tech organic agriculture, said Prime Minister Nguyen Xuan Phuc. ​

Science-technology is a breakthrough solution to green and high-value agriculture development, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

Gao commune in Pleiku city of the Central Highlands of Gia Lai has been recognised as new-style rural area, announced at a ceremony held by the Steering Board for National Target Programme of the province on March 30.

More than 15,000 farmers in the Mekong Delta province of Hau Giang will benefit from the Vietnam Sustainable Agriculture Transformation project (VnSAT), said Vice Chairman of the provincial People’s Committee Truong Canh Tuyen.

The Ministry of Natural Resources and Environment (MoNRE) will continue to work towards an institutional breakthrough for promoting the agglomeration of land for large-scale agricultural production.