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Private investments in agriculture lauded

Wednesday - 23/11/2016 14:11
The international community has applauded Viet Nam's implementation of pubic-private partnership (PPP) models in the agricultural sector in the last two years, according to Minister for Agriculture and Rural Development Cao Duc Phat
Private investments in agriculture lauded

Phat, who led Viet Nam's delegation to the World Economic Forum (WEF) held in the Swiss resort of Davos-Klosters in the last four days, said that PPP models implemented in Vietnamese agriculture had achieved fruitful results.

At present the country is among 11 nations participating in a WEF initiative called The New Vision for Agriculture which is engaging leaders of businesses, governments, civil societies, farm organisations, development partners and other groups to work together to achieve sustainable agricultural growth. The plan is a reaction to population growth, which is expected to reach nine billion in 2050, and the subsequently rising food demand.

"Viet Nam's agriculture ministry has worked with 20 world-leading agricultural groups and companies to carry out a programme for the country's sustainable development," Phat revealed.

Six PPP groups were established in the country, responsible for vegetables, fruit, coffee, tea, aqua-culture products and other forms of agriculture.

The results have been very positive since the models were implemented. In the tea business, local farmers sold companies 10,000 tonnes of tea meeting international quality standards. The volume is expected to increase further in the future.

Coffee production and trade has increased its productivity by 5 per cent and growers' income has risen 15 per cent.

Closer co-operation between farmers and enterprises has also boosted new and higher yields of vegetable crops, Phat said.

Last year, a documentary about Viet Nam's agricultural PPP projects was made by WEF staff which shared the country's experiences and promoted its sector growth

"Having seen the effectiveness of PPP projects in agriculture and received support from the international community, the ministry is reviewing the models further to develop a truly successful mechanism that will continue to attract more resources to the sector," Phat promised.

During their time at the World Economic Forum, now in its 43rd year, the Vietnamese delegation contributed to discussions about the implementation of PPP models to boost production, measures to stabilise the market of key products and further ways to expand the New Vision for Agriculture initiative.

This year, the forum was themed "Resilient Dynamism" and focused on leading through adversity, restoring economic dynamism and strengthening society. — VNS

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