The Hanoitimes - Responding to requests on credit for organic agriculture during a conference held in HCM City on December 18, Prime Minister Nguyen Xuan Phuc promptly instructed the State Bank to consider a 50 - 60 trillion VND preferential credit package designed specifically for organic farming.
Prime Minister (PM) Nguyen Xuan Phuc attended a conference on building a Vietnam's agricultural industry in HCM City on December 18.
The meeting was held by the Digital Agriculture Association (DAA) – a voluntary social professional organisation established in September 2016 under the watch of the Central Committee of the Vietnam Young Entrepreneurs’ Association.
Prime Minister Nguyen Xuan Phuc makes a speech at the conference.
The conference attracted leaders of 20 agriculture-strong localities and more than 500 business owners, managers and scientists.
Speaking at the event, PM Phuc stressed that the Party and State have defined industrialisation and modernisation of rural areas and agriculture is a task of top significance.
He reiterated the ambition to develop the country into one of the world’s agricultural powerhouses.
The Government leader noted that with agriculture being one of Vietnam’s comparative advantages, the country must aim to become a high-tech agriculture hub in the global value chain.
The PM said that only 4,000 out of 600,000 firms across the country currently engage in agriculture.
In order to facilitate agricultural businesses, PM Phuc suggested improving the operation of cooperatives and shifting operating models of 3.5 million business households, particularly those in rural areas to improve their competitiveness.
At the conference.
He also supported the DAA’s proposal to develop high-tech agricultural complexes and pledged all possible support for the project.
In the response to requests on credit for organic agriculture, PM Phuc promptly instructed the State Bank to consider a 50 – 60 trillion VND preferential credit package designed specifically for organic farming.
The Cabinet leader also agreed with suggestions to build technical barriers that protect domestic goods and prevent massive food produce import.
The PM directed ministries and agencies to work on revising regulations on land use to facilitate large-scale farming, as well as to fulfill the master plan on the use of land for agricultural production.
The government is considering the opening of a pilot land bank and the land use market, along with several farming insurance funds in support of farmers, the PM announced.
He stressed the important role of the promotion of links between the farmers and investors.
On the occasion, the PM launched the programme on safe vegetables in Hanoi and HCM City.
At the event, DAA Vietnam Chairman Truong Gia Binh introduced a smart stamp technology to track food origin and quality. Other successful experiences in high-tech application and value chain building were also shared by DAA’s members.
Some prominent firms operating in mechanical engineering, real estate and information technology expressed their interest in agriculture, including in rice growing.
Participants shared the view that cooperatives and enterprises are the nucleus in the development of agricultural economic zones and value chain.
Translated by Thu Minh