Vietnam targets to stay among the world’s top 10 farm produce processing hubs

Jul 22nd at 07:58
22-07-2022 07:58:50+07:00

Vietnam targets to stay among the world’s top 10 farm produce processing hubs

The Government would push for greater mechanization in agricultural production.

Vietnam targets to develop a modern and sustainable farm produce processing system, meeting growing demands from the local and foreign markets, effectively making the country one of the world’s top 10 agricultural processing hubs by 2030.

Harvesting rice crops at Ung Hoa District, Hanoi. File photo

The goal was stated in the Government’s decision No.858 signed off by Deputy Prime Minister Le Van Thanh on the country’s strategy for agricultural mechanization and development of agro-forestry-fishery processing until 2030.

Under the plan, Vietnam's mechanization rate in the farm-based plantation would be over 70% by 2030; 60% in animal husbandry; and 95% in aquaculture.

Furthermore, the growth rate of value-added creation in the agricultural processing industry would reach an average of 8% per year by 2025 and 10% by 2030; more than 70% of major agricultural processing centers adopt medium to high-level technologies, and 60% of Vietnam's agricultural export staples are processed products.

The Government eyes the establishment of major agricultural corporations with financial capabilities and corporate governance comparable to the international level; farm production industrial clusters are linked with mass concentrated supply zones and distribution networks.

Promoting agricultural land consolidation

To ensure the realization of the strategy, the Government would continue to refine regulations on land management, including favorable policies for land parceling and cooperation mechanisms among provinces/cities and Government agencies in mass agricultural production.

It is also expected that technological advancements will be adopted in the farm production process, along with incentives to help train a high-quality workforce to aid the mechanization of the farming industry.

The banking sector is responsible for providing preferential loans for agricultural development, especially for projects of forming large-scale farm produce processing, storing, and distributing centers.

The Ministry of Agricultural and Rural Development would restructure concentrated agricultural production zones into three groups of leading commodities, including national-, provincial, and city-level key products, based on the advantages of each region.

The Ministry is tasked with promoting conditions for mechanization application and development of farm produce processing; strengthening cooperation and linkage in agricultural production and distribution, with businesses being key in the value chains.

Hanoi Times





NEWS SAME CATEGORY

Several southern suppliers receiving support from Samsung

The second phase of the Smart Factory Development Cooperation will forge ahead in the southern region from August, benefitting 12 businesses.

Obstacles in logistics harming agro-exports

High logistics costs and incomplete infrastructure continue to be two of the biggest barriers for agricultural exporters in Vietnam.

Ministries will support businesses to take RCEP opportunities

The Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development will step up support for the Vietnamese business community to...

Exhibitions on electrical technology, green power open in HCM City

The 15th International Exhibition on Electrical Technology and Equipment – Vietnam ETE 2022, the 12th International Exhibition on Products, Technologies of Energy...

Hanoi industrial zones draw foreign capital

The Hanoi Industrial and Export Processing Zones Authority plans to establish a new industrial zone and complete investment procedures for other industrial zones...

Pico Play to open new facility in Haiphong this year

Vietnam has emerged as a new epicenter of entertainment projects, attracting many international giants.

Profitable seaports suffer on-year falls

After some improvements in 2021, the performance of joint venture seaports between Vietnam Maritime Corporation and its foreign partners has dimmed so far this year.

Major coffee chains attempt to wade through price storm

Beverage chains are struggling under the pressure of increasing selling prices due to sky-high costs of fuel and raw materials.

Vietnamese companies in trouble because of worker shortage

The long-standing labor shortage is causing problems for many enterprises in Vietnam, undermining production, especially in the field of export goods production.

Vietnam IT revenues up 18% on year to US$72.5 billion in H1/2022

Vietnam expects IT sector to contribute 6-6.5% to GDP by 2025.


MOST READ


Back To Top