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Economic News

Last updated: Thursday, August 16, 2018

 

PM Ratifies Agricultural Restructuring Plan

Posted: Wednesday, November 29, 2017


The Prime Minister has approved an agricultural restructuring plan from 2017 to 2020.

Accordingly, the plan targets the sector’s GDP growth of three per cent per year by 2020. Average labour productivity is expected to expand by 3.5 per cent annually and the share of labour in agriculture will decrease below 40 per cent. About 22 per cent of agricultural workers will be trained.

The income of rural labourers will increase at least 1.8 times compared to 2015 and 50 per cent of communes will meet new rural area standards. 15,000 cooperatives and unions of agricultural cooperatives will operate effectively and most residents in rural areas will have access to hygienic water.

In the 2017-2020 period, agricultural restructuring will focus on agricultural sectors and products. Three levels of products will be classified, including national key products, provincial key products, and local specialty products. 

In addition, the regional restructuring aimed to utilise the advantages and potential of each region and locality: Organising close connectivity of localities in a region; effectively mobilising and using investment resources; strengthening competitiveness in the context of international integration, and effectively responding to climate change.

Ha Thu








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