Businesses’ investment plays vital role in sustainable agriculture development: Insiders
Attracting businesses and investors to pour capital into sustainable agricultural value chains is seen as a key solution to pave the way for, and create breakthroughs in the sector’s development amid intensive integration and the volatile global economy, according to insiders.
Hanoi (VNA) – Attracting businesses andinvestors to pour capital into sustainable agricultural value chains is seen as a key solution to pave the way for, and create breakthroughs in the sector’sdevelopment amid intensive integration and the volatile globaleconomy, according to insiders.
Agriculture is considered as a highlight in Vietnam’s economic panorama in 2023.The sector set to earn 54 billion USD in export turnover in 2023.
In recent year, big enterprises’ investmentsin agriculture have proven effective, helping Vietnamese farm produce be successfulin conquering the international market.
Outstanding businesses like Loc Troi Group,Vinamilk, TH Group, Trung An, Folra, Vina T&T, Vinh Hoan, and Minh Phu haveexported their agricultural products to many demanding markets.
Experts attributed these results to the guidingrole of businesses in creating high-value agricultural products.
They, however, noted agriculture still faceschallenges and risks that may make investors and businesses reluctant to enter thesector, adding that it remains less attractive compared to other industries.
According to Minister of Agriculture and Rural Development Le Minh Hoan, thenewly-registered foreign investment capital in agriculture surgedto 12.5 million USD per project in 2017, but decreased to 4.2 million USD perproject in 2021.
According to a resolution issued by the 13th-tenure Party Central Committee on the development of agriculture, farmers and rural areas till 2030 with a vision to 2045, Vietnam will accelerate the application of science andtechnology to further promote agriculture development, focusing on improvingthe quality and added value of agricultural products.
The Government has also issued many policies and speed upadministration reform to attract and facilitate businesses’ investment in developingsustainable and safe agriculture models.
The Ministry of Planning and Investment has submitted a draftdecree on support for agricultural projects to the government,which is expected to lure more investment to the sector./.
The Vietnamese Ministry of Agriculture and Rural Development and the Dutch Embassy in Vietnam held a webinar on sustainable agriculture transformation in the Mekong Delta on September 6.
The development of science, technology and innovation is key to laying the foundation for sustainable agriculture and adapting to climate change, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said on November 28.
Promoting public-private partnerships will help improve sustainability in the agricultural sector, according to experts speaking at an event in Hanoi on December 5.
The application of science and technology in agriculture production and sales has helped create positive impacts for the industry, contributing to prompting sustainable agriculture development and improving the life for farmers.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Illustrative image (Photo: baodautu.vn) 
