Vietnam Enhances Agrifood Sector Competitiveness

March 2021

Vietnam’s agricultural products are benefiting from the country’s increasing integration into global value chains. However, industry experts highlight how the sector has yet to develop modern production methods due to its small scale and lack of technology applications. In particular, there is a urgency for investment in logistics and transport infrastructure.
Crucially, the government of Vietnam recently approved a five-year USD 2 billion allotment for infrastructural development in the area. According to the director of the Can Tho branch of the Vietnam Chamber of Commerce and Industry, the Mekong Delta has recently made heavy investments in infrastructure and diversified transportation means to improve the trade flow of agri-products. In particular, once opened for traffic, Trung Luong-My Thuan Expressway is expected to significantly speed up product delivery times. Similarly, the first phase of Hanh Nguyen Logistics Center (Hau Giang Agri-product Export Logistics Center), a self-contained logistics centre for all agricultural export procedures, has been recently put into operation in Hau Giang province. Situated in a prime location, the logistics center provides convenient access to the Mekong Delta and southeast region.
As Vietnam enhances its competiveness, international companies are investing in the country’s agrifood sector. One of the latest examples of offered by Danish group BioMar, which recently entered into a partnership with Viet Uc, one of Vietnam’s leading seafood companies, with the goal of growing the market for high-end feed products focusing on sustainability, traceability, quality, and performance.
(Source: Vietnam Investment Review)

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