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

Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along with activities deployed by the Trade Department to support businesses to conquer this attractive "billion dollar" market.
The supporting industrial enterprises transform for sustainable development

The supporting industrial enterprises transform for sustainable development

VCN - In supporting industry manufacturing enterprises (Support Industry), gradually "greening" production, green factories, clean raw materials, green energy... has become an inevitable trend, helping to meet the needs of customers. requirements to increase opportunities to enter the global value chain.
Many new regulations aim to drastically remove the IUU "Yellow Card"

Many new regulations aim to drastically remove the IUU "Yellow Card"

VCN - Many new regulations against illegal, unreported, unregulated (IUU) fishing have been issued to help Vietnam complete the legal framework and soon remove the IUU "Yellow Card" in 2024.

Latest News

More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.
Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives have been advised to focus on branding and improving product quality to expand tea exports to highly-demanding markets, especially organic tea products.
Seafood enterprises encounter problems with specialized inspection

Seafood enterprises encounter problems with specialized inspection

VCN - Seafood businesses are facing problems related to food safety certificates (H/C) of seafood raw materials imported from New Zealand for processing and export to the EU.
Three groups of export commodities achieved billions of USD

Three groups of export commodities achieved billions of USD

VCN - The result of exports is showing positive signs, especially many groups of commodities increased by over a billion USD compared to the same period in 2023.

More News

Speed up the process of issuing "passports" for durian exports

Speed up the process of issuing "passports" for durian exports

VCN - The growing area code is considered a passport for Vietnamese agricultural products, including durian, to trace the origin of the product and ensure products meet food safety and hygiene quality, demonstrating the exporting country's responsibility in production.
Vietnamese pomelo likely to be exported to Australia

Vietnamese pomelo likely to be exported to Australia

The import of Vietnamese fresh pomelo into the Australian market may be allowed if the product meets the Oceanian country's biosecurity conditions, said the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
Take advantage of E-commerce leverage for export.

Take advantage of E-commerce leverage for export.

VCN - Exporting via e-commerce is gradually becoming popular and becoming a trend that many businesses are interested in.
Central beach city to lure investment from potential partners

Central beach city to lure investment from potential partners

The central hub will welcome all investors planning for investment expansion or fund flow moves in the region.
Vietnam to have enough 8 million tonnes of rice for export

Vietnam to have enough 8 million tonnes of rice for export

Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
Binh Duong: Fertile ground for logistics businesses

Binh Duong: Fertile ground for logistics businesses

VCN - With its strategic geographical location and strong infrastructure development, Binh Duong is considered fertile ground for businesses to invest in and operate logistics services.
Some 51,600 new firms established in four months

Some 51,600 new firms established in four months

As many as 51,600 new enterprises with total registered capital of nearly 508 trillion VND (20 billion USD) were established in the first four months of 2024, representing year-on-year increases of 3.4% in the number of businesses and 9.3% in the capital, according to the General Statistics Office (GSO).
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Vietnam’s agro-forestry-aquatic product exports raked in some 19.06 billion USD in the first four months of 2024, up 23.7% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
Enhance the core values of the national brand

Enhance the core values of the national brand

VCN - Vietnam is always considered one of the most dynamic and open economies in the world, the 4th largest economy in ASEAN and the 40th largest in the world. However, in the context of a highly competitive economy, the issue of branding is still a weakness of Vietnamese businesses.
Read More

Your care

Latest Most read
More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.
Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives have been advised to focus on branding and improving product quality to expand tea exports to highly-demanding markets, especially organic tea products.
Seafood enterprises encounter problems with specialized inspection

Seafood enterprises encounter problems with specialized inspection

VCN - However, from February 2024 until now when Decision 5523/QD-BNN-CCPT took effect, these similar shipments have not been granted H/C certificates for export to the EU.
Three groups of export commodities achieved billions of USD

Three groups of export commodities achieved billions of USD

The result of exports is showing positive signs, especially many groups of commodities increased by over a billion USD compared to the same period in 2023.
Speed up the process of issuing "passports" for durian exports

Speed up the process of issuing "passports" for durian exports

The growing area code is considered a passport for Vietnamese agricultural products, including durian, to trace the origin of the product and ensure products meet food safety and hygiene quality, demonstrating the exporting country's responsibility in pro
Mobile Version