Venezuela sets aside 100,000 ha of agricultural land for Vietnamese investors

The Vice President said Venezuela has prepared 100,000 ha of agricultural land for Vietnamese investors, and emphasised that as Chairman of the Venezuela-Vietnam Intergovernmental Committee, he will directly monitor and support the implementation of cooperation initiatives.

Prof. Dr. Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences (VAAS) meets with Venezuela's Deputy Minister of Foreign Affairs Tatiana Pugh. (Photo: The Courtesy of the Vietnamese Embassy in Venezuela)
Prof. Dr. Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences (VAAS) meets with Venezuela's Deputy Minister of Foreign Affairs Tatiana Pugh. (Photo: The Courtesy of the Vietnamese Embassy in Venezuela)

Hanoi (VNA) – Venezuela fully supports and stands ready to accompany Vietnamese enterprises to invest in the country’s agricultural sector, Venezuela’s Vice President and Chairman of the Venezuela–Vietnam Intergovernmental Committee Jorge Marquez said while receiving a delegation from the Ministry of Agriculture and Environment who are in Venezuela for a working visit and attendance at the first AgroAlba 2025 Expo.

The Vice President said Venezuela has prepared 100,000 ha of agricultural land for Vietnamese investors, and emphasised that as Chairman of the Venezuela-Vietnam Intergovernmental Committee, he will directly monitor and support the implementation of cooperation initiatives.

Venezuela’s Minister of Industry and National Production Alex Saab spoke highly of Vietnam's level, experience and capacity in agricultural science and technology, saying that this is an important foundation for building effective cooperation models suitable for Venezuela's practical conditions.

According to the minister, of the total of more than 30 million ha of cultivated land in Venezuela, only about 4 million ha is used for agricultural production. Meanwhile, the Venezuelan Government has planned 3.3 million ha for crop cultivation and 13.7 million ha for livestock farming within the framework of agricultural cooperation projects under the Alliance of American States (ALBA), in which Vietnam is a priority partner.

vna-potal-venezuela-danh-100000-ha-dat-san-xuat-nong-nghiep-cho-cac-nha-dau-tu-viet-nam-8080645.jpg
Prof. Dr. Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences (right) and Venezuela’s Vice President and Chairman of the Venezuela–Vietnam Intergovernmental Committee Jorge Marquez. (Photo: The Courtesy of the Vietnamese Embassy in Venezuela)

During their stay in Venezuela from June 5-9, the delegation led by Professor, Dr. Nguyen Hong Son, Director of the Vietnam Academy of Agricultural Sciences (VAAS), had meetings with Minister of Agriculture and Land Julio León, Minister of Industry and National Production Alex Saab, Deputy Minister of Foreign Affairs Tatiana Pugh.

They travelled to Guárico state, one of the localities producing many key agricultural products of Venezuela, to seek cooperation opportunities.

Welcoming the Vietnamese delegation, Governor of Guárico state Donald Donaire said that although he had only taken office since June 6, he was directly instructed by the Venezuelan Government to welcome the Vietnamese delegation and create the most favourable conditions for the delegation to learn about the locality.

He said he believes that with the successful cooperation results in the 2016-2018 period between Guárico state and Vietnamese partners, this return will open a new chapter with many prospects in agricultural relations between the two countries.

Meanwhile, Son affirmed that Vietnam is ready to accompany and share experiences with Venezuela in the spirit of mutually beneficial cooperation.

He said that with the attention and commitment of the leaders of the two countries, the close coordination of functional agencies and the active participation of the business community, cooperation in the agricultural sector will soon become one of the strategic pillars in the comprehensive partnership between Vietnam and Venezuela./.

VNA

See more

Activities in Chan May Bay, part of the Chan May–Lang Co Economic Zone in Hue city. (Photo: VNA)

Hue steps up investment drive in Chan May–Lang Co Economic Zone

Covering more than 27,000ha, the Chan May–Lang Co Economic Zone is emerging as a key economic, urban, industrial and eco-tourism centre in southeastern Hue, with functional areas dedicated to seaports, industry, non-tariff activities, urban development and tourism.

The Ministry of National Defence's inter-agency inspection team visits La Gi Fish Port in Phuoc Hoi ward, Lam Dong province. (Photo: VNA)

Lam Dong's IUU fishing prevention efforts inspected

According to the Lam Dong provincial IUU Fishing Prevention Steering Committee, all 8,177 fishing vessels measuring at least 6 metres in length have been registered and updated in the national fisheries database VNFishbase.

A member of Minh Quang Cooperative in Hung Yen province works on a farm. (Photo: VNA)

Vietnam aims to link half of farm cooperatives with enterprises by 2030

The Ministry of Agriculture and Environment will promote links between cooperatives, enterprises, science and technology organisations and other economic entities along with carrying out programmes to develop concentrated agricultural, forestry and fisheries raw material areas and enhance value chain production.

The night-time economy is increasingly seen as an important avenue for Vietnam’s tourism sector to extend visitors’ stays (Photo: VNA)

Revitalising growth momentum for night-time economy

The night-time economy has moved beyond being merely an add-on service to become a new growth driver for tourism. Night-time activities can “awaken” familiar heritage spaces and breathe new life into them. Art, light and music experiences after dark can create distinctive attractions while meeting the desire of middle- and high-end visitors to explore cultural depth.

A livestream session promotes green-skinned pomelos grown in Cho Lach commune, Vinh Long province. (Photo: VNA)

E-commerce reshapes rules of game

Once fixed fees, payment fees, infrastructure charges and service packages are included, sellers may have to spend around 24.5-27.6% of their revenue on platforms. The figure shows that the era of easy selling and low costs in e-commerce has officially come to an end.

Ho Chi Minh City targets third-quarter growth of over 11% (Photo: VNA)

Ho Chi Minh City targets third-quarter growth of over 11%

Ho Chi Minh City will continue to implement drastic measures to achieve double-digit growth, targeting GRDP growth of at least 11.07% in the third quarter of 2026, 9.43% in the first nine months and 12.3% in the fourth quarter, with a view to completing the full-year goal of 10% or more.

MM Mega Market An Phu supermarket in Ho Chi Minh City is brightly decorated for the National Day holiday. (Photo: VNA)

Domestic consumption up over 13%, tourism continues strong growth

The total retail sales of goods and consumer service revenues in August were estimated at 679.8 trillion VND (26 billion USD), up 1.6% from the previous month and 14.9% year-on-year. In the January-August period, the figure reached 5.24 quadrillion VND, representing a 13.3% increase year-on-year.

A production line of Onaga Co., Ltd. (Japan) at HANSSIP (Photo: nhandan.vn)

Hanoi moves to maintain appeal to FDI inflows

In the first eight months of 2026, the capital city attracted more than 3.7 billion USD in FDI, equivalent to 83% of the plan set for the year. Newly registered FDI exceeded 572 million USD across 450 projects, up 175.78% in project numbers and 209.46% in capital compared to the same period last year. Additional registered capital topped 492 million USD, while capital contributions and share purchases exceeded 2.6 billion USD.

Saigon Marina IFC is the first private-sector project contributing to realising the goal of developing the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

VIFC offers various opportunities to attract forein investment

Turning the VIFC into an effective channel for international capital will require clear rules, quality projects and strong connections between investors and domestic businesses. Meeting these requirements will be key to transforming investor interest into concrete capital flows and investment projects in Vietnam.

Production line at Yadea Vietnam’s smart manufacturing plant, which has an investment of more than 100 million USD, in Tan Hung Industrial Park, Bac Ninh province. (Photo: VNA)

Development model for new era – An inevitable trend

International organisations broadly agree that shifting the growth model from reliance on traditional factors toward technology and innovation is no longer an option for Vietnam, but an imperative of the times.