The event aims to introduce new and high-quality varieties, especially targeting southern cities and provinces, to reduce the dependence on imported varieties, especially in the progress of implementing global free trade agreements.
The fair houses more than 400 pavilions offering various kinds of plant, aquatic and livestock varieties, agricultural equipment and machine, technology and processed food.
According to Director of the municipal Department of Agriculture and Rural Development Nguyen Phuoc Trung, HCM City has built a programme developing high-quality plant and animal varieties since 2000.
The city aims to become a centre of production and provision of high-quality plant and animal varieties in the country in the near future, he said.
The southern economic hub recorded high agro-forestry-fishery growth in 2017. The gross regional domestic product (GRDP) reached over VND8.5 trillion (US$371.8 million), a year-on-year rise of 6.3%. The sector’s production value was estimated at VND19.8 trillion (US$866.2 million).
In 2017, agricultural firms in HCM City supply the market with around 81,200 tonnes of seeds of all kinds, including 12,109 tonnes of vegetable seeds, along with nearly 1 million piglets, 20,000 calves, and more than 600 million fish fry.
To achieve the outcomes, the city has carried out a restructuring programme and shifted to plant and animal varieties with high economic efficiency while boosting investment in hi-tech agriculture, Trung said.
A number of contracts supplying, selling products and transferring technology to serve varieties production and hi-tech agriculture were signed at the event.
The fair aims to promote cooperation and connectivity among businesses and organisations in developing sustainable production and building a value chain in agriculture from creating varieties to processing and selling products to the market.