Measures deployed to lure more investment to agriculture
The Government has issued a resolution detailing measures to encourage businesses investing in safe, effective and sustainable agricultural development.
Hanoi (VNA) – The Government has issued aresolution detailing measures to encourage businesses investing in safe,effective and sustainable agricultural development.
The resolution targets modern and sustainable growth of theagricultural sector towards large-scale production and stronger application ofscience and technology to improve productivity and products’ quality in 2030,thus enhancing the sector’s competitiveness and farmers’ income.
In 2030, the sector is expected to become one of the world’stop 15, while agricultural processing is hoped to enter world’s top 10.
Vietnam will strive to become a global hub for intensiveprocessing of agricultural products, and a logistics centre of the world’s farmproduce trading system, according to the resolution.
It clarifies that in 2030, Vietnam expects about 3 percentgrowth in agro-forestry-fishery production value annually, and 6-8 percentexpansion in the export of the products.
About 80,000-100,000 businesses are expected to invest inagricultural sector, including up to 4,000 large firms and 6,000-8,000 medium-sizedenterprises.
To this end, the resolution roles out a number of measures suchas continuing to complete constitution and reforming administrative procedures,cutting down business conditions in agriculture, and creating attraction forthe sector to lure more investment.
Vietnam will expand agricultural production, processing andselling to match the market’s demand as well as growth strategy of the sector,while reforming mechanisms to support enterprises to seek markets, stated theresolution.
The country will also complete credit policies foragricultural projects to encourage more investment in the field, it said.-VNA
Attracting investment to expand production and upgrade technology is crucial in developing food processing, heard a workshop to promote investment in the industry held in Ho Chi Minh City on November 15 by the Ministry of Industry and Trade.
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Illustrative image (Source: VNA) 
