Log in
Business

Agriculture could lead Vietnam to prosperity: PM

Vietnam targets to join the 10 most advanced countries in agriculture by 2030, and become a global hub for food processing and agricultural logistics.

Investors and businesses shared the same view that Vietnam’s agricultural sector ensures only national food security, but also is the way to prosperity, according to Prime Minister Nguyen Xuan Phuc.

 Prime Minister Nguyen Xuan Phuc at the meeting. Source: VGP. 

“This solidifies our belief and present opportunities to develop specialties and agricultural products in each locality,” Phuc said at an online conference discussing measures to promote agricultural mechanization and food processing on February 21.

Phuc stressed the significance of the meeting as 65% of the population is living in rural areas.

However, Phuc noted despite the huge potential of the agricultural sector, there remains inefficiency in food processing, harvesting and storing, leading to losses and waste in production.

Meanwhile, the rate of mechanization in the sector is lower than Thailand, which is one of the reasons for low productivity, Phuc added.

 Overview of the meeting. Source: VGP. 

Phuc said food processing is one of the key solutions to higher added value in agricultural production, and more importantly, is to reduce risks for farmers and agricultural firms. For example, the technology application would help keep dragon fruits fresh for 20 days, and bananas for 40 days.

In addition to export markets, Phuc added the domestic one should be a priority for the sector so that local customers have access to quality and safe agricultural products.

Phuc also expressed concern that logistics costs remain high in the agricultural sector and is having negative impacts on the competitiveness of Vietnamese goods. He cited a case where logistics costs account for 50% of the price of a mango from Dong Thap province.

Phuc emphasized the target of Vietnam joining the 10 most advanced countries in agriculture by 2030, and becoming a global hub for food processing and agricultural logistics.

To realize such goal, Phuc requested the Ministry of Agriculture and Rural Development to finalize the strategy for agricultural mechanization and food processing until 2030, as well as a roadmap for Vietnam to be among the leading 5 countries in processed vegetables, seafood, and wooden products.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam explores low-altitude economy as drones reshape agriculture and urban services

Vietnam explores low-altitude economy as drones reshape agriculture and urban services

From farmlands and delivery routes to traffic monitoring and emergency response, unmanned aerial vehicles (UAVs) are rapidly entering Vietnam’s economic life, opening new growth space as cities and provinces accelerate plans for the low-altitude economy.

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

Vietnam OCOP Festival 2025 honors products as program marks nationwide development milestones

The festival aims to promote and honor outstanding OCOP products and producers and to reaffirm Hanoi’s leading role as the country’s “pacesetter” in the One Commune One Product (OCOP) program.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

VN-Index set for 2,200-mark next year: JP Morgan

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

Vietnam to launch smart agriculture innovation center in Lang Son

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

Hanoi urged to train 100,000 digital engineers through online academy

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

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.