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Vietnam targets to attract 100,000 agricultural businesses

Vietnam wants to attract 100,000 businesses to invest in agriculture, of which between 3,000-4,000 enterprises will be large scale with the rest medium-sized.
Vietnam targets to attract 100,000 agricultural businesses ảnh 1A corner of a clean vegetable garden in Ninh Hoa township in the southern province of Khanh Hoa.(Photo: VNA)
Hanoi (VNS/VNA) - Vietnam wants toattract 100,000 businesses to invest in agriculture, of which between3,000-4,000 enterprises will be large scale with the rest medium-sized.

This information was released by Deputy General Directorof the Ministry of Planning and Investment (MPI)’s Enterprises DevelopmentAgency Nguyen Hoa Cuong at the forum entitled “Businesses accompanyagriculture, farmers and rural areas in 2019” held in Hanoi on January 22.

At the conference, representatives from MPI, theMinistry of Agriculture and Rural Development and relevant organisationsdiscussed solutions to boost investment.

Cuong said the ministry had issued a circularguiding the support and encouragement of enterprises to invest in agriculture,assisting start-ups and removing investment barriers.

He said: “In order to achieve this, it isnecessary to devote resources to support rural areas, farmers and thedevelopment of socio-economic infrastructure related to agriculture, in whichit should focus on transport system, complete legal framework, create afavourable and stable investment environment for businesses.”

In the future, special attention will be paid tothe resources of capital and land, attracting scientists, applying science andtechnology to production of high quality products, training human resources,expanding consumer market, especially taking advantage of integration with freetrade agreements to create outlets for agricultural products.

Discussing land accumulation for agriculturaldevelopment, many experts said the State should focus on building andperfecting legal stability and transparency, ensuring harmony between theinterests of farmers and investors as well as the common interests of the wholeeconomy.

Deputy Minister of Agriculture and RuralDevelopment Hoang Van Thang said in recent years, the number of enterprisesinvesting in agriculture had increased in many areas such as cultivation,animal husbandry, aquaculture and agricultural processing.

In the field of fruit processing alone lastyear, there were 16 large enterprises investing with total capital of about 8.7trillion VND (374 million USD).

According to Nguyen Do Anh Tuan, Director of theMinistry of Agriculture and Rural Development’s Institute of Policy andStrategy for Agriculture and Rural Development, more large-scale businesseswere investing in this area.

Fruit processing is an example. “Projects whichsee large scale investment and modern technology lines, often receive ordersimmediately, even orders for up to10 years," Tuan said.

Cuong told the conference about an enterprise inthe Mekong Delta, which focused on investment in processing coconut for export.It only needed 100 workers but its products had been exported to potentialmarkets such as the US, Australia and Saudi Arabia with capacity of a millioncoconuts per year.

Ben Tre, Long An, Hau Giang, Vinh Long and SocTrang provinces and Can Tho city have a total capacity of eight to 10 millioncoconuts per year. Of which, Ben Tre province has exported products to 36countries including Britain, France, the US, China and Thailand.-VNS/VNA
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