New 40 agricultural firms set up in HCM City in three months
As many as 40 new agro-forestry-fishery firms were established in Ho Chi Minh City in the first three months of 2020, despite the impacts of the COVID-19 outbreak, revealed the municipal Department of Agriculture and Rural Development.
Vegetable processing at Phuoc An cooperative in HCM City (Photo: www.sggp.org.vn)
Hanoi (VNA) – As many as 40 newagro-forestry-fishery firms were established in Ho Chi Minh City in the firstthree months of 2020, despite the impacts of the COVID-19 outbreak, revealedthe municipal Department of Agriculture and Rural Development.
The latest addition has brought the numberof businesses operating in the field to 1,722.
HCM City’s agricultural production value inthe first quarter increased 4.3 percent year-on-year, according to the department.
This is a positive sign amid the complicateddevelopments of COVID-19, as the local agricultural sector is exerting effortsto ensure supplies of essential food for locals.
In the reviewed period, HCM City-basedfirms exported about 490 tonnes of seeds, along with 10,000 honeysuckle trees.
They also shipped 5.21 million ornamentalfish abroad, earning 6.1 million USD.
Approximately 21.8 tonnes of vegetableswith origin-tracing stamps are produced per day, accounting for 53.1 percent ofthe city’s total output.
The combined cultivation area meeting VietGAPstandard is 11,313ha, or 60 percent of the city’s vegetable farms./.
Agricultural start-ups should capitalise on the huge demand for safe agricultural products by developing long-term, sustainable production strategies, experts said at a seminar in Ho Chi Minh City on June 6.
The Government has issued a resolution to encourage businesses to invest in agriculture, as part of efforts to bring theVietnamese agricultural sector into world’s top 15 and processing of farm produce into the global top 10 in 2030.
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Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vegetable processing at Phuoc An cooperative in HCM City (Photo: www.sggp.org.vn) 
