Seminar highlights Vietnam’s agricultural advantages

(VOV) - Vietnam has a comparative advantage in agriculture production, said deputy minister of Agriculture and Rural Development Le Quoc Doanh at a seminar in Can Tho city on June 24.

The seminar focused on the urgent need to restructure the agricultural sector to raise the farmers' incomes in the region.  The comparative advantage of Vietnam in the increasingly competitive agriculture export market is that the country has distinct cost advantages when compared to the rest of the world, Doanh said.

Doanh continued on to say that the cost of producing rice is Vietnam’s most distinct comparative advantage and it plays a pivotal role in ensuring food security, reducing poverty, generating jobs, increasing revenues from foreign currencies and helping the country make the transformation to international economic integration.

Many delegates attending the event said that the seminar provided a forum for managers, researcher, policy-makers, and representatives from businesses and farmers to share ideas and thought on the most appropriate solutions to restructure crops and the agriculture sector in the Mekong Delta.