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Japan supports Vietnam’s food value chain development

Vietnam holds great potential in food value chain development with a large consumption market and high export values, especially as the country is a member of various free trade agreements (FTAs), heard a seminar held in Hanoi on January 14.
Japan supports Vietnam’s food value chain development ảnh 1Deputy Chief Representative of JICA Naomichi Murooka speaks at the event (Photo: VNA)
Hanoi (VNA) – Vietnam holdsgreat potential in food value chain development with a large consumption marketand high export values, especially as the country is a member of various freetrade agreements (FTAs), heard a seminar held in Hanoi on January 14.

Addressing the trade promotion event,organised by the Japan International Cooperation Agency (JICA), Deputy ChiefRepresentative of JICA Naomichi Murooka said concern for clean foodstuff inVietnam has been on the rise.

Additionally, the country is activelyjoining in FTAs such as the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) and the Europe-Vietnam Free Trade Agreement (EVFTA),gaining more prospects for the food sector.

Japan has provided support for Vietnam inagriculture and food value chain development over the years, contributing tothe Vietnam-Japan strategic partnership in the agricultural sector, he added.

Meanwhile, Director of the InternationalCooperation Department of the Ministry of Agriculture and Rural DevelopmentNguyen Do Anh Tuan said Vietnam’s agriculture export turnover in 2019 hit a recordof 41.3 billion USD.

However, the sector is entering a new phaseof development with stricter requirements, the official noted, stressing theneed for Japan’s support in market access and building e-commerce platforms andhigh-tech agricultural development, among others.

In the framework of the Japan-VietnamMedium-long Term Vision on Agricultural in the 2015-2019, the two countriescarried out a number of activities to improve output and added value ofVietnam’s agriculture./.
VNA

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