There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
Việt Nam’s farming, forestry and fishery export trade with China fell about 7 per cent year-on-year in the first quarter of this year to US$2.2 billion due to the virus.
In 2021-25, Cần Thơ targets securing $200 million of foreign direct investment (FDI) with some $150 million expected to be disbursed. In 2026-30, it aims to grab about $250 million with $200 million disbursed.
Việt Nam is expected to achieve its export target of 6.7 million tonnes of rice this year due to high global demand, according to an official of the Department of Plant Cultivation.
Underdeveloped northern provinces were embracing high technology to make breakthroughs in farming productivity in hopes of lifting locals – mostly of ethnic minorities – out of poverty.