Agriculture sees nearly 6% surge

Oct 2nd at 13:39
02-10-2015 13:39:32+07:00

Agriculture sees nearly 6% surge

The agriculture sector saw a growth rate of 5.9 per cent over the first nine months of the year, with increased production value helped by higher-quality seeds and seedlings, according to the director of HCM City's Department of Agriculture and Rural Development.

 

Nguyen Phuoc Trung said the sector had maintained an annual growth rate of 5.8 per cent between 2011 and 2014 although the farming area has reduced in .

Trung spoke at the Vietnam Farm Expo 2015, which opened yesterday in HCM City.

Last year, the average production value of one hectare was about VND325 million (US$14,440) per year, the country's highest value. It is expected to reach VND375 million ($16,660) per hectare this year.

Over the first nine months, the city exported more than 1,600 tonnes of fruit and vegetables to many countries in North America, Europe and Asia. Last year, it exported about 1,000 tonnes of fruit and vegetables.

The expo has attracted nearly 100 enterprises with 200 booths showcasing farm machinery and high-quality agricultural produce that meet Vietnamese Good Agriculture Practices (VietGAP) and Global Good Agricultural Practices (GLOBALGAP).

The five-day event at Tan Binh Exhibition and Convention Centre in Tan Binh District was co-organised by the HCM City Business Association and Dong Nam Advertising and Commercial Promotion Joint-Stock Company.

bizhub



NEWS SAME CATEGORY

OECD hails Viet Nam's farming progress, calls for further reforms

Viet Nam has made remarkable agricultural progress, but further policy action is needed to address new and emerging challenges, the Organisation for Economic...

Vietnam-Singapore JV starts work on $130mn business park in Ho Chi Minh City

A joint venture between a Singaporean and Vietnamese firm turned the first sod on Thursday for a multimillion-dollar business park at the Ho Chi Minh City-based...

PM names four key measures to make Vietnam attractive to foreign investors

Vietnam always welcomes stable and long-term investments from foreign businesses and is taking four key measures to increase its attractiveness in international...

Vietnam's overall nine-month economy positive

Vietnam’s economy continued recovering during the first nine months of 2015 and showed improved performance from the same period last year, as illustrated in...

Foreign investors encouraged to join equitization, M&A market

Viet Nam encouraged foreign corporations with sound financial, technological and market capacity to join the state-own enterprise equitization process and M&A...

$3 billion of foreign capital in casinos, GDP up by 0.58%, research

If foreign investment in the casino business increases by about $3 billion compared to the current level, Vietnam’s GDP will rise by 0.58% in the first year...

Work starts on $130-million integrated business park in HCM City

Singapore-based Ascendas, Asia's leading business space solutions provider, and its partner, Saigon Bund Capital Partners, on October 1 broke ground on OneHub...

President urges VN, Cuba economic ties

President Truong Tan Sang said that economic collaboration between Viet Nam and Cuba has yet to match the sound political relations between the two countries, as...

Rural areas prefer domestic made

Vietnamese goods account for 75 per cent of market share and are favoured in the rural areas, the Ministry of Industry and Trade has said.

Survey finds most Vietnamese want to legally gamble at home

With the debate over whether Vietnamese punters should be permitted to gamble at home still ongoing and no progress has been made in the past year, an institute has...


MOST READ


Back To Top