VGP – Prime Minister Nguyen Xuan Phuc has signed a Resolution covering solutions to encourage and foster investment in sustainable and safe development of agriculture.

Prime Minister Nguyen Xuan Phuc (first, left) visits a typical agricultural
development model in the Southern province of Binh Phuoc in 2018.
Photo: VGP

The Resolution aims to untap huge potential of the country’s agricultural sector, especially land and human resources.

The Government plans to increase the number of enterprises effectively investing in agriculture to 80,000-100,000 by 2030. Of the total, around 3,000-4,000 are large-scale businesses, the Resolution reads.

The Government also sets the goals to maintain growth rate of agriculture, forestry and aquaculture at 3% annually meanwhile the export value of agriculture, forestry and aquaculture is expected to increase by 6%-8% annually.

To achieve the above goals, the Government will focus on improving related institutions and administrative procedures and cutting barriers related to business conditions in the agricultural sector.

In reality, the current Government has given special attention to the development of high-tech, clean and organic agriculture since the beginning of its tenure in 2016.

Prime Minister Nguyen Xuan Phuc has attended a number of agriculture development conferences and toured typical high-tech agricultural models in Binh Phuoc, Hai Phong, Ha Nam.

In July last year, Phuc presided over the national conference to seek solutions to boost investment in agriculture, where he called for concerted efforts to make Viet Nam one of the top exporters of agricultural products.

Over the past years, the sector has enjoyed steady growth, making Viet Nam the 2nd and 15th biggest exporter of farm produce in Southeast Asia and in the world, respectively.

More than 10 categories of agricultural products have annual export value of over US$1 billion each.

The above achievements were attributed to the introduction of a series of agricultural development policies to encourage investment in agriculture.

Agricultural enterprises are taking spearhead role in accelerating the development of large-scale and high-tech farm production chain, resulting in higher competitiveness of the Vietnamese farm produce./.