VOV.VN - The Australian Government’s funding scheme – Innovation Partnership Grants under the Aus4Innovation program, will set aside AUD2 million to fund tech-based innovation in Vietnam’s agriculture sector.

Vietnam considers human resource development the key to improving competitiveness in the agricultural sector, Minister of Agriculture and Rural Development Le Minh Hoan said at a conference held on in Hanoi on July 11.

The agriculture sector remains determined to fulfill its set targets, focusing efforts on boosting exports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development, and agricultural restructuring in the second half of the year, heard a press conference on July 3 in Hanoi.

VOV.VN - The agricultural sector is set to attract US$25 billion in foreign direct investment (FDI) by 2030, in addition to US$5 billion in loans and US$1 billion in grants.

VOV.VN - The agricultural sector is aiming to develop a circular agricultural economy whilst fully utilising incentives from the EU-Vietnam Free Trade Agreements (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to increase exports in the future.

In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The agricultural sector is anticipated to rake in US$54 billion from export next year built on its impressive US$53 billion export turnover recorded in 2022, according to the Ministry of Agriculture and Rural Development (MARD).

The Ministry of Agriculture and Rural Development on December 30 announced that the agricultural sector has achieved all goals set for this year, including a growth rate of 3.36%, a record for many recent years.

Vietnam has set a target to double the amount of foreign investment in agriculture to US$34 billion by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.

VOV.VN - Foreign direct investment (FDI) has made significant contributions to developing the agriculture sector by supplementing capital sources, increasing exports, and generating jobs, according to industry insiders.