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Attracting businesses and investors to pour capital into sustainable agricultural value chains is seen as a key solution to pave the way for, and create breakthroughs in the sector’s development amid intensive integration and the volatile global economy, according to insiders.
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<h4 style="text-align:justify">Attracting businesses and investors to pour capital into sustainable agricultural value chains is seen as a key solution to pave the way for, and create breakthroughs in the sector’s development amid intensive integration and the volatile global economy, according to insiders.</h4> <p style="text-align:justify"><img alt="businesses investment plays vital role in sustainable agriculture development picture 1" src="https://media.vov.vn/sites/default/files/styles/large/public/2023-06/images1328575_dsc_0074.jpg" title="businesses investment plays vital role in sustainable agriculture development picture 1" /></p> <p style="text-align:justify">Agriculture is considered as a highlight in Vietnam’s economic panorama in 2023. The sector set to earn US$54 billion in export turnover in 2023. <br /> <br /> In recent year, big enterprises’ investments in agriculture have proven effective, helping Vietnamese farm produce be successful in conquering the international market.<br /> <br /> Outstanding businesses like Loc Troi Group, Vinamilk, TH Group, Trung An, Folra, Vina T&T, Vinh Hoan, and Minh Phu have exported their agricultural products to many demanding markets.<br /> <br /> Experts attributed these results to the guiding role of businesses in creating high-value agricultural products.<br /> <br /> They, however, noted agriculture still faces challenges and risks that may make investors and businesses reluctant to enter the sector, adding that it remains less attractive compared to other industries.<br /> <br /> According to Minister of Agriculture and Rural Development Le Minh Hoan, the newly-registered foreign investment capital in agriculture surged to US$12.5 million per project in 2017, but decreased to US$4.2 million per project in 2021.<br /> <br /> According to a resolution issued by the 13th-tenure Party Central Committee on the development of agriculture, farmers and rural areas till 2030 with a vision to 2045, Vietnam will accelerate the application of science and technology to further promote agriculture development, focusing on improving the quality and added value of agricultural products.<br /> <br /> The Government has also issued many policies and speed up administration reform to attract and facilitate businesses’ investment in developing sustainable and safe agriculture models.<br /> <br /> The Ministry of Planning and Investment has submitted a draft decree on support for agricultural projects to the government, which is expected to lure more investment to the sector.</p> <p style="text-align:justify">https://english.vov.vn/</p>
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