Hanoi targets hi-tech farming to make up 70% of total agricultural production value
Hanoi expects to build a sustainable and modern agricultural sector, focusing on large scale production with high productivity, quality and competitiveness.
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.
The program built the capacity of livestock experts and extension officers to enhance sustainable intensification of the sector.
Vietnam targets to join the 10 most advanced countries in agriculture by 2030, and become a global hub for food processing and agricultural logistics.
At present, the agricultural sector in Hanoi only meets 60% of the city’s demands for vegetables, 55% for meats and over 40% for seafood.
This is the second consecutive year that Vietnam’s economy expands over 7%, following a 10-year high GDP growth of 7.08% in 2018.
The Philippines and China, Vietnam’s two major rice export markets, may reduce rice imports in 2020.
Business sectors that could capitalize on the 100 million population will be set for strong growth, said an expert.