Vietnamese agricultural corporation developed to lead market

VCN –Regarding the "rescuing" of agricultural products, economist Vu Vinh Phu said that when we produce a commodity, we need to know about buyers, price, where and when our products shall be sold to get the highest profit. In particular, the State needs to form and develop Vietnamese corporations to have power to lead the market.
vietnamese agricultural corporation developed to lead market Which kinds of goods are pioritised to clear at Lao Cai during epidemic of Covid-19?
vietnamese agricultural corporation developed to lead market Agricultural products flowing to border despite recommendations
vietnamese agricultural corporation developed to lead market Local agricultural products set sights on Indian market
vietnamese agricultural corporation developed to lead market
Economist Vu Vinh Phu.

- Regarding production, I think that all must be produced according to planning, according to the advantages of each region and each locality in a scientific, methodical and highly practical manner. Production and consumption must be linkedto be a coherent and legal chain which both manages the goods quality and sharesa harmonious benefit. In addition, agricultural production must build a brand,strictly follow production and market discipline in harvesting, processing, domestic consumption and export.

The situation of redundancy and congestion leading to "rescuing" agricultural products is no longer a new story inVietnamese agriculture. Some argue that production under planning and associated with consumption is a key factor to avoid repeating this story. What do you think about this?

The Prime Minister once directed: "When we produce a commodity, we need to know about buyer, price, where and when our products shall be sold to get the highest profit. Production must be linked with processing areas in factories to raise added value of products and partly oversupply agricultural products in each period.”

In addition to production,transparency in trading also plays an important role in helping Vietnamese agricultural products be more proactive, not to be price squeezed and sluggish. Could you please clarify this?

- In my opinion, trading in agricultural products in the domestic and international markets must ensure transparency and fullness of information on goods and markets. So, these transactions go through independent agricultural commodity exchanges or through wholesale markets which are set up in a modern manner meeting regional and international standards. Trading in goods will be done under contracts and without price squeezing. In addition, there must be big storage for goods in excess or waiting for trading.

vietnamese agricultural corporation developed to lead market
Watermelon is one of the items regularly subject to the list of agricultural products that must be rescued. Photo: N. Thanh

Do you think that besides promoting exports, focusing on the domestic market will be an effective solution to help gradually remove the need to rescue agricultural products?

- Along with the development of commodity production, the supply is increasingly abundant, sometimes even redundant in large quantities, the national distribution channels, including markets, retail shops and trade centers and stores must be givenimportance. These channels are developed according to the general planning of localities and the country. Remarkably, this distribution system must have sufficient capacity to do the domestic consumption, make reasonable benefit sharing, and not to bring private benefit.

Along with that, I think that in the era of Industry 4.0, the use of artificial intelligence, data, internet of things, to collect and process information quickly and scientifically production and consumption should be promoted.

Apart from theeffort of farmers and enterprises, what should the State management agencies do to help the production and consumption of agricultural products become more stable?

In addition to the efforts of production households, cooperatives and enterprises that are being encouraged to invest in the field of production and processing and consumption of agricultural goods, it needs effective support from the State, ministries, branches and localities in order to overcome the existing difficulties, such as accessingland for production development; building commercial and transport infrastructure for goods exchange to reduce logistics costs and other costs for production and business enterprises.

vietnamese agricultural corporation developed to lead market Vietnamese agriculture suffers from corona epidemic

VCN- In the first days of 2020, an acute respiratory infection caused by a new strain of ...

In particular, the State needs to create conditions for the formation and development of large Vietnamese corporations that are capable to lead the market, master the products of Vietnam manufactured in all favorable conditions as well as difficult times. In addition, it is necessary to support trade promotion and expand export markets so that agricultural exports do not depend on one or two main markets. The State needs to control themarket to combat fraud, counterfeit goods and smuggling, thus causing damage to legitimate enterprises.

Thank you, Sir!

Uyen Nhu/ Huyen Trang

Related News

Prevention of price risks before news that Indonesia increases rice imports in reserve

Prevention of price risks before news that Indonesia increases rice imports in reserve

VCN - In response to demand signals from key markets such as Indonesia and the Philippines, the Import-Export Department (Ministry of Industry and Trade) suggested that rice exporters actively monitor the market situation and fully assess the opportunities as well as risks to build a trading plan.
Exports face many difficulties

Exports face many difficulties

VCN - In the first months of 2023, the absence of export orders plus the downward trend in commodity prices have slowed down trade activities.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.

Latest News

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.

More News

Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Although holding the number one position in the world in exporting cashew kernels for many years, the position of Vietnam's cashew industry in the world cashew value chain is very small because it mainly exports kernels with preliminary treatment.
HCM City’s industrial production index down 0.9% in Q1

HCM City’s industrial production index down 0.9% in Q1

Ho Chi Minh City’s Index of Industrial Production (IIP) in the first quarter of 2023 declined by 0.9% compared to the same period last year, the municipal Department of Industry and Trade reported at a press conference on April 3.
Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries exports estimated at 1.85 billion USD in Q1

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Quang Ninh aims to attract quality FDI inflows

Quang Ninh aims to attract quality FDI inflows

The northern coastal province of Quang Ninh has strengthened measures to attract quality foreign direct investment (FDI) inflows, especially from big names in the processing-manufacturing industry.
Manufacturing enterprises increase their competitiveness thanks to digital transformation

Manufacturing enterprises increase their competitiveness thanks to digital transformation

VCN - Overcoming difficulties in 2023 requires manufacturing enterprises to self-improve and innovate. Digital technology is one of the effective solutions to help manufacturing businesses grow and compete.
32nd Việt Nam Expo promises to boost business linkages

32nd Việt Nam Expo promises to boost business linkages

The 32nd Việt Nam International Exhibition (Vietnam Expo) will take place in Hà Nội from April 5-8 with the participation of more than 500 domestic and foreign enterprieses, the event’s organisers have announced.
Japanese investors highly appreciate Vietnamese property market

Japanese investors highly appreciate Vietnamese property market

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market.
Seafood enterprises propose to remove obstacles from exporting to the EU

Seafood enterprises propose to remove obstacles from exporting to the EU

VCN - Seafood enterprises are facing inadequacies in applying for material certification (S/C) and food safety certificates (H/C), which affects the production and export of seafood to the EU.
Need to effectively use tools to prevent exchange rate risks in import and export field

Need to effectively use tools to prevent exchange rate risks in import and export field

VCN - The exchange rate pressure in 2023 is expected to be weaker than last year, especially in the context of tightening monetary policies reaching the final phase. However, fluctuations in the economy and financial markets are still very unpredictable, and exchange rate developments may affect import and export activities.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Saigontex 2023 attracts over 1,300 domestic, foreign businesses

Saigontex 2023 attracts over 1,300 domestic, foreign businesses

More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
Mong Cai international border gate sees strong recovery

Mong Cai international border gate sees strong recovery

The Mong Cai international border gate in the northern province of Quang Ninh has become vibrant as before the pandemic, showing a positive sign in the economic recovery of Mong Cai city in particular and Quang Ninh province in general.
Vietnam a potential market for French businesses, investors: experts

Vietnam a potential market for French businesses, investors: experts

French businesses should innovate their approach, enhance their understanding of culture and language, and make changes to adapt to Vietnam's transitioning economy in order to expand their market share and boost investment in the Southeast Asian nation, said Dr. Jean-Philippe Eglinger, the founder of the Viet Phap Strategies.
Import and export turnover across Cao Bang prospers but still exists difficulties

Import and export turnover across Cao Bang prospers but still exists difficulties

VCN – After China resumes trade, Cao Bang province's import and export activities see remarkable prosperity.
Cashew industry strives to "get on the shelves of world supermarkets"

Cashew industry strives to "get on the shelves of world supermarkets"

VCN - Looking back to 2022, while the export turnover of the cashew industry reached US $ 3.08 billion, the import turnover of raw cashews consumed US $ 2.678 billion.
Mobile Version