Agriculture

Given Vietnam’s rapid economic growth in the past few years, opportunities for US companies spread in all fields, from healthcare, aviation, to agriculture or education.

Vietnam’s agricultural sector continues to demonstrate its role as the supporting foundation for the whole economy in times of difficulties, stated a senior official.

The Covid-19 pandemic could push an additional 130 million people worldwide into chronic hunger by the end of 2020.

Although the country’s GDP growth in the third quarter is estimated at a decade-low of 2.62%, this is an improvement from the 0.36% growth in the second quarter.

The two countries focus on trade, agriculture, education, development and cooperation on regional and international matters of mutual interest.

Vietnam is looking for cooperation with French companies in fields of renewable and green energies, hi-tech, agriculture, manufacturing and processing.

Hanoi expects to build a sustainable and modern agricultural sector, focusing on large scale production with high productivity, quality and competitiveness.

While Hanoi’s agricultural sector is the least affected by Covid-19, a growth rate of 3.5% of the city’s Index of Industrial Production in the first half of 2020 is the second highest nationwide.

The city is among the top localities in deploying the “One Commune, One Product” (OCOP) program.

At present, the Covid-19 pandemic has caused a decline of 7% year-on-year in trade turnover of agro-forestry-fishery products between Vietnam and China.