20 November 2021, Vietnam: On November 16, the National Economics University in collaboration with the Ministry of Agriculture and Rural Development held a scientific seminar with the theme “Agricultural economics and business in the current context”.
Speaking at the seminar, Minister of Agriculture and Rural Development Le Minh Hoan shared the opportunities and challenges of Vietnam’s agriculture in the context of the new normal.
According to the Minister, to adapt to the new context, Vietnam needs to promote green agriculture, which is a productive agriculture that synchronously applies processes and technologies to rationally use, save inputs, use efficient natural resources. Green agriculture ensures harmonious development on three pillars: economy – society – environment.
Minister Le Minh Hoan also emphasized that Vietnam needs to move from mind set of “agricultural production” to “agricultural economy”, from pursuing added value to both creating added value and at the same time reduce production costs, social costs, environmental costs…
At the same time, Vietnam should shift from high-yield agriculture to high-tech, ecological, responsible and sustainable agriculture; moving from “single-industry development” to “interdisciplinary integrated development” goal, from “single value” to “multi-value integration” goal.
Therefore, Vietnam can form a rural economic ecosystem, developing agricultural infrastructure, not only for production but also for rural economic development, agricultural and rural tourism.
To implement the above model, Minister Le Minh Hoan said that it is necessary to initiate digital transformation appropriately in agriculture, farmers and rural areas; methodically and scientifically manage the stages of cultivation, production, harvesting and distribution. In addition, Vietnam should focus on training human resources for farmers, raising farmers’ intellectual standards, aiming for a positive life attitude, encouraging the spirit of self-reliance, association and cooperation.