Government approves national strategy on crop cultivation development.

Export revenue for Vietnam’s farm produce is expected to exceed $26 billion by 2030 under the national strategy for crop cultivation development to 2030 with a vision to 2050, approved by the government.

Vietnam targets increasing the land area meeting VietGAP standards by 10-15 per cent each year, while the organic farming area is to account for 1 per cent of the total cultivation area by 2030.

Crop value is to increase 2.2-2.5 per cent on average annually, and the added value from processing agricultural products is to grow 8-10 per cent on average each year.

Product value produced by cooperatives or though business links is expected to reach 30-35 per cent of the total value in the sector, while export turnover of crop products per hectare of farming land is to hit VND150-160 million ($6,200-6,600).

The total area of rice farms will be kept stable at 3.56 million ha, with an expected output of over 35 million tons.

By 2025, the country will have 107,000 ha growing high-quality coffee.

The strategy aims to modernize Vietnam’s farming practices and turn the country into one of the world’s leading agricultural producers by 2050.

Vietnam earned $53 billion from exporting agriculture, forestry and fishery products last year.

VnEconomy