Vietnamese, Japanese farming firms seek investment ventures hinh anh 1Illustrative image (Source: VNA)
Vietnamese and Japanese farming enterprises met at a dialogue forum in Hanoi on August 12 to seek opportunities and networks.

Authorities of Lam Dong, Nghe An and Nam Dinh provinces introduced the local potential and strengths as well as investment opportunities to Japanese firms.

They hoped Vietnam would be able to access more Japanese technology and expertise in chain production from manufacturing to harvest to increase added value of farm products. State support for navigating the demanding Japanese market is also needed, they said.

Deputy Minister of Agriculture and Rural Development Le Quoc Doanh announced that the Vietnamese Ministry of Agriculture and Rural Development (MARD) and Japanese Ministry of Agriculture, Forestry and Fisheries have already devised a vision for bilateral farming cooperation over the medium and long term, laying a foundation for developing Vietnam’s farming sector.

Deputy Head of the MARD’s Planning Department Dao Quoc Luan called on domestic firms to improve their competitiveness by forming linkages with their Japanese counterparts, especially in building value chains ranging from manufacturing to processing and consumption.

Priority should be given to breeding, cultivation and post-harvest using Japanese technology, he said, adding that Japanese companies should coordinate with their Vietnamese counterparts in projects using Japan’s official development assistance.

According to him, Vietnam has provided all possible support in procedures and policies for Japanese firms and their joint ventures.

Last year, Japan channelled 230.3 million USD into 34 agricultural projects in Vietnam.-VNA