Private sector is key to agricultural growth: Vietnamese official

Thursday, 2019-05-02 16:01:27
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Deputy head of the Central Economic Commission Cao Duc Phat (Photo: VGP)
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NDO - The private sector must play a key role if Vietnam wants its agriculture to be sustainable and competitive, according to Cao Duc Phat, deputy head of the Central Economic Commission.

Phat, a former agriculture minister, was speaking at an agriculture workshop, part of a forum on private enterprise development held on May 2 in Hanoi.

He said that many policies and solutions have been introduced in recent years to boost agriculture but the number of private enterprises operating in this field remains insignificant.

Phat cited statistics that among the more than 500,000 enterprises in Vietnam, only a mere 6,000 are in the agricultural business.

The former agriculture minister stated that Vietnam has 10 million small and ultra-small farming households, each with just 2,000-3,000 square metres, compared with 500,000 hectares in the US.

Therefore, if Vietnam wants its agriculture to grow sustainably and become highly competitive, it is necessary to increase the role of enterprises, mainly private ones, emphasised Phat.

He added that enterprises would face a great deal of difficulty if there is no strong connection between them, expecting that at the forum, measures to promote the linkage chain in agriculture will be worked out and recommended to the Party and State.

According to Deputy Minister of Agriculture and Rural Development Le Quoc Doanh, Vietnam’s agriculture sector is facing a number of inherent problems concerning quality and safety, making its products less competitive.

He stated that the government is paying special attention to developing small and medium enterprises as an important intermediary in linking small farming households with the agricultural value chain in a comprehensive and sustainable manner.