Hanoi promotes investment in high-tech agriculture

April 27, 2022 | 08:00

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Hanoi Centre for Investment, Trade, and Tourism Promotion Authority (HPA) held a meeting on April 26 to promote investment in high-tech agriculture.

Hanoi promotes investment in high-tech agriculture

Participants discussed the challenges and opportunities presented by the development of technology in agriculture

The event attracted 150 participants from agencies in Hanoi including Hanoi Department of Agriculture and Rural Development, businesses and investors, experts, and representatives from cooperatives and business associations.

Addressing the meeting, Le Tu Luc, deputy director of the HPA said that Hanoi People’s Committee aims to create favourable conditions for business and investment activities in high-tech agriculture.

He added that the HPA expects agricultural businesses to focus on high-tech production, thus increasing production value and exports to the international market.

The proceeds of high-tech agriculture

During the event, participants discussed the challenges and opportunities presented by the policies for the development of high-tech agriculture.

According to experts, there are some shortcomings in the city. Nguyen Thi Thoa from Hanoi Department of Agriculture and Rural Development said that Hanoi’s agriculture still applies digital transformation less than it could, and value-driven production, management capacity, and competitiveness remain weak.

Thoa added that as of 2020, Hanoi had developed 160 high-tech agricultural models, including 105 in farming, 39 for breeding, and 15 others in fisheries. However, the value of these products just made up 32 per cent of the city’s agricultural production value.

At the event, businesses proposed some policies on the application and transfer of technology in the sector, infrastructure development, IT, and promotion activities.

By Bich Thuy

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