Ways sought to draw investment in agriculture, rural development hinh anh 1Ho Xuan Hung, Chairman of the General Assembly of Vietnam Agriculture and Rural Development speaks at the workshop (Source: VOV)

 Experts in agriculture and rural development gathered in Ho Chi Minh City on August 25 to discuss ways to draw investment in rural development under the National Target Programme on new-style rural area building for the 2010-2020 period.

Head of the board for new-style rural area building of northern Quang Ninh province Truong Cong Ngan called for sustainable and concrete incentives to encourage enterprises’ investment in the sector.

Pham Quoc Doanh from the Steering Committee for Enterprise Reform and Development highlighted the difficulties facing enterprises in investment in the agriculture sector, saying that most of available incentives have been offered to the industry sector.

Echoing Doanh’s opinion on the obstacles in modernising agriculture, Ho Xuan Hung, Chairman of the General Assembly of Vietnam Agriculture and Rural Development pointed to the small-scale production as a key factor to inefficiency and high risks facing the sector.

As a business investing in agriculture, Chairman and CEO of the Nghe An Agricultural Material Joint Stock Corporations Truong Van Hien stressed the need for a large-scale agricultural production model in each commune, drawing the involvement of local enterprises in building modern rural areas.

The large-scale production model will ensure market-relevant production while creating stable jobs for local labourers, thus contributing to sustainable poverty reduction, and agricultural development, Hien added.

Participants suggested investment forms such as private-public-partnership (PPP), build- operation-transfer (BOT), or build-transfer (BT) to be promoted in the sector in order to fulfil the target programme’s criteria.

They shared views that a comprehensive and favourable legal framework is crucial to mobilising resources from businesses in projects while enterprises in the field can access loans.

The State should build a strategy for agriculture to raise added values in agricultural production, the participants said.-VNA