Agriculture

The application of technologies and creation of value chain in production are key for sustainable agricultural development, said an expert.

The Hanoitimes - Raising the IP awareness is becoming indispensable to Vietnamese firms, especially after the country signed new-generation free trade agreements. including EVFTA.

The Hanoitimes - Raising the IP awareness is becoming indispensable to Vietnamese firms, especially after the country signed new-generation free trade agreements. including EVFTA.

In the first nine months of 2019, 48 Japanese enterprises have invested in Vietnam’s agriculture sector with registered capital of US$270 million.

Technologies used in the processing sector is at a modest level compared to regional peers and the world, many of which have not been upgraded in 15 years, said an expert.

Stronger relations between the Vietnamese and European business communities are vital to unlock the full potential of the EU – Vietnam Free Trade Agreement, helping Vietnam join the 15 most advanced countries in agriculture by 2030.

Vietnam and Brazil now produce more than half the world’s coffee, up from less than a third 20 years ago, and the proportion is rising, US Department of Agriculture estimates show.

The price of imported Alaskan king crabs, which is listed among the most expensive in Vietnam, has been reduced to a few hundred thousand dong.

The landowners help their customers grow organic veggies following four criteria namely no chemical pesticides, no growth stimulants, no excess of nitrates, no metal – chemicals residues in soil and irrigation water.

In the first four months this year, the Philippines has leapfrogged China to become Vietnam’s largest rice importer.

As a huge food and farm produce market, Hanoi has tightened control over the trade and consumption of crayfish.

Brazil is committed to helping Vietnam tapping the country’s shrimp market as a way to balance bilateral trade.

Over the last two months, Chinese traders have only bought durians stamped with codes of origin traceability.

The Philippines has taken over China as the largest rice importer of Vietnam, a position held by China in 2018.

Vietnam’s agricultural sector would focus on large scale production and forming agricultural value chains for greater added value, aiming towards sustainable development and deeper integration into agricultural global value chain.

Consumers will gradually shift to purchasing from modern distribution channels dominated by large-scale enterprises such as supermarkets, grocery stores, where quality and originality of the pork is ensured.

The task facilitates learning foreign experiences and techniques, and improve the capacity of Vietnamese researchers and trainers.

After signing the VPA/FLEGT, wood export value from Vietnam to the EU is predicted to hit US$800 million in 2019, up from the current US$700 million.

The agricultural sector aims for a growth rate of 3% and exports US$42 billion – US$43 billion in 2019.

Agriculture plays a significant part in Vietnam’s economy, contributing 18.3% of the country’s gross domestic product and 44% of the labor force from 2008–2016.