Nearly one-tenth of all agricultural firms set up in past six months
As many as 885 agricultural enterprises were established in the first six months of 2018, raising total firms in this sector to 8,667, reported the Ministry of Agriculture and Rural Development (MARD).
Hanoi (VNA) – As many as 885agricultural enterprises were established in the first six months of 2018,raising total firms in this sector to 8,667, reported the Ministry ofAgriculture and Rural Development (MARD).
Along with the expansion of small- andmedium-sized enterprises, many big names such as Nafoods, TH, Dabaco Vietnam,Masan, and Lavifood also strengthened their investments in high-tech agriculture.
As part of efforts to restructure theagricultural sector, the MARD has focused on reforming the processing industry,storage, and the reduction of post-harvest losses.
At the same time, the ministry hasencouraged businesses to concentrate on intensive processing and producingready-to-eat products to enhance added value.
The ministry also advised firms to increaseagricultural mechanisation and expand good models in the field.
A focus of the ministry is to develop a supportindustry and take advantage of auxiliary products in agriculture to makeproducts with higher added value, reduce costs, and enhance productivity.
In order to lure more businesses into the agriculturesector, the MARD has coordinated with the Ministry of Planning and Investmentto consult the Government on the issuance of a decree on giving supportpolicies to encourage investment in this field. Many other sectors have also draftedsimilar documents in a hope to assist agricultural businesses.
Alongside, the MARD has also restructuredState-owned enterprises in the field, including the Vietnam Rubber Group, theSouthern Food Corporation, while handing over the State capital in six firms tothe State Capital Investment Corporation.-VNA
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Illustrative photo. (Source: VNA) 
