HCM City: Agricultural Production Value 5 Times Higher than National Average

10:55:58 AM | 3/6/2020

Ho Chi Minh City will have all 56 communes meet advanced new countryside standards in 2020, according to the Steering Committee for the National Target Program on New Rural Development of the Ho Chi Minh City Party Committee.

To date, 56 communes in the city already completed and had their new rural development plans ratified. The city invested nearly VND5,200 billion in 9,188 economic, cultural and social works in rural areas, upgraded and built 741 transport projects stretching more than 1,233 km long. Five districts and 56 communes in the city defined their key agricultural product models for focused development, including vegetables, orchids, ornamental plants, ornamental fish, dairy cows, pigs, and aquatic products (eels, meat fish and shrimp). These agricultural products are of high economic value, suitable for urban agriculture.

Their key agricultural products are made and sold through contracts signed between enterprises and households, or pledges on production and sales between households and cooperatives. Main products (largely in Cu Chi district) such as dairy products, maize and ornamental fish are all sold as contracted between cooperatives and enterprises.

For years, scientific and technological application to agricultural production has become increasingly widespread. As a result, labor productivity in rural areas has improved. Per capita income increased from VND29.4 million in 2008 to VND90 million in 2018. Average agricultural land area shrank by about 900 ha a year and the number of farmer households decreased by 6.38% a year. The value of agricultural production per hectare of arable land climbed from VND158.5 million in 2010 to VND502 million in 2018, more than five times higher than the national average, according to the Ministry of Agriculture and Rural Development.

Source: Vietnam Business Forum

Forthcoming Events