Innovation creates sustainable agriculture value chain
The agricultural sector should develop a sustainable value chain towards modernisation to improve its competitiveness during the international integration process, as heard at an innovation forum.
The agricultural sector should develop a sustainable value chain towards modernisation to improve its competitiveness during the international integration process, as heard at an innovation forum in Ho Chi Minh City on September 30.
Speaking at the event, held by the Ministry of Planning and Investment (MPI) and the Netherlands Development Organisation (SNV), MPI Deputy Minister Nguyen The Phuong said that besides achievements over the past years, agricultural growth remains unsustainable as it relies on natural resources exploitation and abundant labour force, which are coming to their limits and have weaker competitiveness in the era of scientific and technological development.
As such, it is time to find new orientations for the sector to develop sustainably, Phuong stated.
According to Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, intensifying innovation and technological application in agricultural production will help create competitiveness for agricultural products and meet the increasingly high requirements of both domestic and foreign consumers.
Many Vietnamese enterprises are investing in agriculture, particularly hi-tech agriculture, he said, affirming that the positive results are evidence of the role of science and technology in bringing about economic efficiency and sustainably developing agriculture.
At the forum, participants discussed creative business solutions and technological innovation while sharing successful experience in creative business and investment connectivity in the field.-VNA
Ilan Fluss, Deputy Director of Israel’s Agency for International Development Cooperation under the Israeli Ministry of Foreign Affairs (MASHAV), said the agency considers HCM City as one of focuses in Israeli cooperation with Vietnam.
As Vietnamese agricultural export is facing challenges in Chinese market, businesses should focus on technological innovation, product quality improvement and price reductions.
Vietnam is ranked 52th out of 141 countries in this year’s Global Innovation Index (GII), up 19 places from last year, said the Ministry of Science and Technology.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Illustrative image (Source: VNA)
