Agricultural firms propose incentives for hi-tech products By Van Nam Deputy Prime Minister Trinh Dinh Dung speaks at the conference. – PHOTO: VAN NAM HCMC – Agricultural enterprises participating in a national conference on agriculture investment promotion in Dalat City today, July 30, proposed preferential policies for the production and trade of farm produce applying advanced technology. At the conference organized by the Ministry of Planning and Investment, Thai Huong, chairwoman of TH True Milk, voiced the proposal on behalf of domestic firms trading in the agriculture sector. Nguyen Dang Quang, chairman of Masan Group, suggested the Government should encourage the development of value chains, thus increasing the value of local agricultural products and building national brands to enhance their competitiveness. In addition, it is necessary to set up legal corridors to diversify investment sources, instead of depending on bank loans, he added. Quang noted that land for agriculture is getting scarce, so the Government should adopt policies to better the management and development of coastal areas, as Vietnam has a long coastline. At the conference, a representative of the World Bank (WB) highlighted three challenges faced by Vietnam’s agriculture sector: unconnected value chains, the small proportion of foreign direct investment (FDI) and modest investment in the sector. The WB representative recommended some solutions to enhance the competitiveness of the local agriculture sector. Particularly, the Government should issue preferential policies and enhance dialogues with foreign firms to attract more FDI to the sector, strengthen investor confidence so that these firms… [Read full story]
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