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You are here: Home / Business / Agriculture mechanisation a must for Vietnam

Agriculture mechanisation a must for Vietnam

May 24, 2017 by robert Leave a Comment

VietNamNet Bridge – Tran Hoang Ngan, director of Ho Chi Minh City Cadre Academy, talks to Tuoi Tre (Youth) newspaper about the need to focus more investment in agricultural development – Viet Nam’s primary industry. The overall picture of our country has changed notably in the course of industrialisation and modernisation. Much agricultural land has been revoked for industrial parks or real estate. However, in many places, for one reason or another, large land areas have been left fallow. It is reported about $150 billion from Foreign Direct Investment (FDI) has been poured into many sectors, including industry, services, real estates and others. But, the dark side of the story is our environment has been seriously violated in many places. It is undeniable that FDI projects in the industry have provided jobs for many people and contributed up to 70 per cent for national export turnover and 18 per cent of GDP. And, thanks to FDI, Viet Nam has become a workshop and participated in the goods export chain internationally. However, we have not fully utilised the advantages that we have in our land and the tropical climate as an agricultural country. What we have achieved in industrial development so far is not on par with our potential and what the price we have paid for such development. Why? Until now, our main industry focuses mainly on processing. As a result the added value remains very low. In almost 30 years of attracting foreign investment, I’m sorry to say that…




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Filed Under: Business, Vietnam, Vietnam Economy, Youth agricultural mechanisation, Agriculture in Vietnam, mechanisation in agriculture, mechanisation of agriculture, Vietnam Agricultural, agricultural products of Vietnam, agriculture vietnam, vietnam agricultural exports, vietnam agriculture statistics, vietnam bank for agriculture and rural development, vietnam agriculture

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