The Hanoitimes – Vietnam’s agricultural sector is facing three major challenges, including low productivity, risks from climate change, and fierce competition from the global integration process. Cooperation in agriculture helps reduce Vietnam’s trade deficit with Brazil Vietnam longs for joining top 15 most advanced countries in agriculture IMF predicts Vietnam’s GDP growth at 6.5% in 2019 Ho Chi Minh City Stock Exchange’s market cap equals 57% of GDP in H1 Vietnam’s GDP growth forecast to reach 6.96% in 2019 amid H1 slowdown Vietnam urged to develop smart agriculture in Revolution 4.0 Vietnam targets to have 80,000 – 100,000 enterprises operating in the agricultural sector by 2030, serving the goal of promoting agricultural production and competitiveness of its products, according to a government resolution. Illustrative photo. By 2030, the value of Vietnam’s agricultural products is expected to grow 3% annually and export growth 6 – 8%. As of present, Vietnam has over 50,000 enterprises operating in the agricultural sector, including 10,200 involving directly in the production process. However, the number remains modest, accounting for merely 8% of total enterprises, and the number of production enterprises amounted to 1%. Meanwhile, the production model is mostly at small scale with over 9.2… Read full this story
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