Agriculture

Prime Minister Nguyen Xuan Phuc has ratified a plan to restructure the agriculture sector in 2017-2020, which aims to make the best use of advantages in each region and locality.

The Middle East has emerged as the best alternative market for Vietnamese tuna exporters in a bid to move closer to this year’s US$524 million export target after the European Commission has issued a “yellow card” warning to Vietnam.

The seminar “Supporting innovative and sustainable agriculture in Vietnam” is taking place in Hanoi with the collaboration of Vietnamese and Belgian goverment.

Norway, the world’s leading seafood exporter, shared its experience in applying advanced technology for aquaculture farming and processing at a conference held in Ho Chi Minh City on November 14.

The coffee sector should improve output, quality and added value to be able to double the export turnover to US$6 billion by 2030, Luong Van Tu, chairman of Vietnam Coffee and Cocoa Association, said.

In reality, exporting fruits and vegetable is proving a breakthrough in Vietnam’s export and exceed the exporting of crude oil and rice.

Outstanding loans to high-tech agricultural sector have so far reached nearly VND32.34 trillion (US$1.42 billion), said Nguyen Quoc Hung, Director of the State Bank of Vietnam’s Credit Department.

Applying high technologies in agricultural production will help increasing productivity, product quality with high added value.

With positive results from rice export contracts in the remaining months of 2017, the Vietnam Food Association (VFA) has increased the rice export target from 5.2 million tons to 5.6 million tons.

Vietnam’s agriculture and overall food system are at a turning point. While having a strong track record and ample opportunities for future growth—both at home and abroad—the sector faces major demographic, economic, and environmental challenges.

In order for sustainable rice export, it is necessary to focus on some certain types of rice with high value for export, as well as to meet the demands in major markets.

The Ministry of Agriculture and Rural Development (MARD) has approved in principle for the building of a center specialized in providing high-quality breeds for tra fish and some other freshwater fish aquaculture in the Mekong Delta region.

At the 2nd Vietnam Farmers’ Forum, the Deputy Prime Minister Vuong Dinh Hue stated, applying achievements of the industrial revolution 4.0 into Vietnam’s agricultural production to develop smart agriculture is an irreversible trend.

A national conference on development strategies for the organic fertiliser industry and organic agriculture was held in HCM City.

Bold and comprehensive measures are required to sustainably increase the value of the agricultural industry, which has shown growth after three years of decline, experts said.

Vietnam’s seafood export this year will reach roughly US$8 billion despite the unfavorable weather conditions, the Ministry of Agriculture and Rural Development estimates.

Vietnam’s rice exports have recovered significantly in both value and volume after a year under decline, thanks to rising demand.

For Vietnamese agricultural products to participate in the global value chain, there must be improvements in all phases of production, from seed planting to harvesting.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong and Hungarian Minister of Agriculture Fazekas Sandor has agreed that Vietnam and Hungary should work harder together to tap the high potential of agriculture partnership.

Start-ups alone is a difficult process, but start-ups in fields of agriculture is a lot more complicated with high risk and long term investment.