Log in
Business

Vietnam should become an agricultural superpower: Prime Minister

In the process of economic development, Vietnam must focus on enhancing the growth quality and push for economic restructuring, Prime Minister Nguyen Xuan Phuc has said.

As part of the efforts to catch up with regional and world countries in certain economic fields and sectors, Vietnam will prioritize to become the world’s next agricultural superpower with modern and efficient food processing industry.

 Prime Minister Nguyen Xuan Phuc at the conference. Photo: Quang Hieu. 

Prime Minister Nguyen Xuan Phuc made the statement at the second working day of the national conference between the central government and provinces/cities on December 29.

“For next year, the government targets a GDP growth of at least 6.5%, while preparing the fundamental conditions to accelerate the development process in 2022,” noted Mr. Phuc.

“In economic development, Vietnam must focus on enhancing the growth quality and push for economic restructuring,” he added.

Looking back at the 2016-20 period and especially in 2020, the Vietnam PM said the country has successfully realized the dual target of both containing the pandemic and boosting economic recovery.

“The government has been able to keep a stable macro-economic environment, while an all-time high disbursement rate of public investment and efforts in administrative reform also contributed to the country’s positive economic growth,” stated Mr. Phuc.

For 2021, Mr. Phuc urged government agencies and provinces/cities to change their mindset and act more drastically to overcome difficulties and look for opportunities for growth.

“Vietnam should grasp opportunities from the Industry 4.0 and a global shift in investment capital with both hands,” added Mr. Phuc.

According to Mr. Phuc, Vietnam’s cultural value, the inner strength in each Vietnamese and the unity of the entire nation are driving the country forward and narrowing the development gap with other countries.

 Overview of the conference. Photo: Quang Hieu. 

To ensure stable socio-economic development, Mr. Phuc reiterated the necessity to maintain macro-economic foundation, while a high inflation could pose risks to the economy.

“The Vietnamese economy should continue to maintain its dynamism and creativity in a rapid and sustainable manner,” he stated.

Mr. Phuc requested provinces/cities to keep improving efficiency in State governance by streamlining the apparatus and greater decentralization in the decision-making process.

While socio-economic development remains a focus, the PM urged localities to pay attention to the environmental issue, noting the government’ stance of rejecting a trade-off between economic development and environmental sustainability.

“There will be strict punishment to those responsible for environmental pollution,” Mr. Phuc added, while welcoming the initiative of the Ministry of Agricultural and Rural Development to plant one billion trees.

Ensuring a happy Tet for all

As a new year is nearing, PM Phuc requested localities to stay focus in the Covid-19 fight and ensure sufficient supplies of basic necessities in all circumstances, preventing price hike ahead of the Tet holiday.

“Authorities in each province/city must take greater responsibilities in ensuring a happy and safe celebration of the upcoming Tet, especially the vulnerable people or those in remote and disaster-hit areas,” stated Mr. Phuc.

Reactions:
Share:
Trending
Most Viewed
Related news
Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam attracts $400 million in venture capital as tech startups surge

Vietnam’s startup ecosystem continues to expand rapidly, with strong venture capital inflows and fast growth in digital, AI and green technologies, reinforcing the country’s appeal to global investors.

Vietnamese policymakers push for early launch of gold exchange

Vietnamese policymakers push for early launch of gold exchange

A transparent gold exchange would not only offer a safe investment channel for the public but also provide a foundation for Vietnam to become a regional hub for jewelry manufacturing and exports.

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom commits to advanced-technology Ninh Thuan 1 nuclear plant in Vietnam

Rosatom will transfer technology, localize nuclear products in Vietnam and support the development of the country’s nuclear science and industry for peaceful purposes.

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi accelerates innovation reforms to become favorite destinations for investors, technology talents

Hanoi is pushing forward a wide range of innovation-driven reforms and investment initiatives as it works to become one of the world’s most attractive destinations for high-tech and strategic investors.

Vietnam mulls sharp rise in casino entry fee for locals

Vietnam mulls sharp rise in casino entry fee for locals

Such higher rates are intended to discourage individuals without adequate financial capacity from entering casinos.

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

Vietnam’s export strength in 2025 builds solid momentum for 2026 growth

With trade turnover nearing the US$900-billion mark, Vietnam enters 2026 with renewed confidence despite global volatility, rising trade barriers and shifting supply chains. Deputy Director of the Import–Export Department Tran Thanh Hai has outlined the drivers of this growth and the priorities for sustaining momentum next year.

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam sets new trade record as import–export turnover nears $840 billion

Vietnam recorded its highest-ever trade performance in January-November as import–export turnover surged, driven by strong export growth and a continued trade surplus.