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Vietnam's agriculture restructuring plan 2017-2020

In November 2017, the Prime Minister ratified a plan to restructure the agriculture sector for 2017-2020. The plan aims for a GDP growth of three percent by 2020 for the agriculture sector.

During this period, the average labor productivity is predicted to expand by 3.5 percent annually, while the share of labor in agriculture is estimated to fall below 40 percent.

The rural income during this three-year period is expected to increase by at least 1.8 times compared to 2015 and 50 percent of communes will be transformed into new rural areas. The plan also focuses on increasing the number of cooperatives and unions of agricultural cooperatives and improve access to hygienic water for the rural population.

1206 frozen shrimp processing line

To adhere to international standards, the restructuring programme aims to develop the household livestock and animal husbandry sector by reorganizing the slaughter system to ensure food safety, tightening the monitoring of the use of veterinary drugs and additives in the field, and increasing efficiency in disease control. The government will also help in the development of value production chains and branding strategy. The livestock industry is targeting an annual growth rate of 4.5 to 5 percent.

In the seafood sector, the government will prioritize offshore fishing, aquatic breeding, and increase investments to modernize processing and storage facilities to reduce losses. The seafood sector is also targeting an annual growth rate of 4.5 to 5 percent.

To improve quality and production, the plan aims to increase the use of science and technology in producing high-quality varieties, developing organic farming, reducing the use of pesticides, and growing crops which are more adaptive to climate change.

In the first 11 months of 2017, agricultural exports increased by 16 percent. Fruit and vegetable exports reached a record high of US$ 3.16 billion, an increase of 43.2 percent. Other products with strong export growth include cashew, rubber, and rice growing at 23.2 percent, 38.9 percent, and 24.2 percent respectively.


Source: VNA