Co-operation among businesses is a driving force to help Viet Nam penetrate international markets, meet foreign standards and ensure firms make high-quality products.
Agricultural businesses are facing increasing international competition and must use science, technology and innovation to improve their productivity and competitiveness.
Brand building and a focus on quality and innovation are key for a successful agriculture business, experts said during a panel on agricultural businesses’ competitiveness.
Viet Nam can be considered an agricultural power but it lacks a large wholesale market to distribute products, he said, noting that Rungis is a trustworthy location for Vietnamese farm produce to reach European consumers.
Size is everything for the agricultural businesses in the Cuu Long (Mekong) Delta province of Long An. They are looking at ways to increase supplies of their products to HCM City, the biggest economic centre in the Southern region.
The Sa Giang Import and Export Joint Stock Company has reported a net profit of VND30.5 billion ($1.34 million) on a turnover of VND290.7 billion (US$12.8 million) last year.
Japanese agricultural businesses are making a beeline for Viet Nam since
the Trans-Pacific Partnership (TPP) is set to open up their country''s
market and bring import tariffs down to zero, according to a source from
Dau tu (Vietnam Investment Review) newspaper.