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High-tech agriculture needs funding

Staff writer |
The application of high technologies was vital for the development of agriculture, as it was entering a new stage, said Vietnam Minister of Agriculture and Rural Development Cao Duc Phat.

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Mr. Phat announced at a conference that Vietnam's agriculture sector was moving towards larger production scale and higher value-added agriculture. "To do so, high-tech agriculture is necessary, which will increase competitiveness and better meet consumers' demand, particularly for export."

Head of Agriculture Department under Party Central Committee's Economic Commission, Nguyen Van Tien, stated that during the past, high-tech agriculture had yet to create a breakthrough in restructuring the sector and increasing value-added agriculture. "More investment and support policies in developing sciences and technologies for agriculture are required."

Director of Vietnam Chamber of Commerce and Industry branch in southern Can Tho City, Vo Hung Dung, stated that Vietnamese agricultural products had low added value because for a long time, focus was on production stage rather than market study and consumption stage.

For example, when growing rice, Vietnam sold rice as the only output, but rice husk could have been useful for many industries including energy. "Now is the time we must pay more attention on market study and then invest technologies that help to provide products that meet consumers' demands."

Director General of Da Lat Flower Biotechnology Joint Stocks Company, Nguyen Dinh Son, stated that the company hardly had access to middle-term loans, so it could not invest and upgrade technology synchronously. He added that now, the company could access short-term loans.

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