On the morning of June 6, the Provincial Department of Agriculture and Rural Development organized a conference to promote investment in the agricultural sector in Lao Cai province.

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Conference scene.
The conference was attended by leaders of the Department of Agriculture and Rural Development, a number of departments and branches of the province; a number of enterprises, cooperatives, and production and business establishments in the agricultural sector in the province.

Also attending the conference were the Vietnam Tea Association, the Vietnam Anise Cinnamon Association, and the Vietnam Fruit and Vegetable Association.
baolaocai_2.jpgDelegates attending the conference.
At the conference, the Lao Cai Department of Agriculture and Rural Development evaluated the results of investment in the agricultural sector in the province. Accordingly, currently, Lao Cai province has 81 investment projects in the field of agriculture and forestry, with a total registered investment capital of 6,697 billion VND.

In the period 2021 – 2023 alone, 40 investment projects in the agricultural and rural sector have been attracted with a total capital of about 5,846 billion VND, accounting for over 87% of the total investment capital attracted so far, including 17 projects have investment policies approved (9 projects are in operation and 8 projects are being implemented);

8 projects have written approval for investment research from the Provincial People’s Committee; 15 projects are being studied for investment; spread evenly across the fields of production and processing of crop, livestock and forestry products.

Enterprises operating in the field of agriculture and forestry have effectively exploited the potential strengths of land, labor, and investment in production in the fields of cultivation, livestock, fisheries, forestry, construction of processing factories… Concentrated commodity production areas are gradually formed such as: Tea area (8,279 hectares); cinnamon area (60,590 hectares); medicinal area (4,246 hectares); banana area (2,285 hectares); pineapple area (reaching 2,217 hectares); temperate fruit trees (4,507.5 hectares); vegetable crops (15,000 hectares)…
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baolaocai_6.jpgDelegates discussed at the conference.
Besides the achieved results, the agricultural sector also faces many difficulties and limitations such as: Land fragmentation, fragmentation, difficulty in concentrated production; Application of science and technology in agriculture is still limited; Investment resources for agriculture are still low; Product consumption and production links are still unsustainable; The consumption market is not stable; There are few deeply processed products, mainly pre-processed products, so the value of agricultural products is low…

In order to develop sustainable agriculture, in the coming time, the agricultural sector will continue to encourage businesses with great potential to invest in the development of key agricultural products of the province;

Prioritize attracting small and medium-sized enterprises and startups to invest in developing products with local advantages; Prioritize attracting investment projects to promote agricultural mechanization and processing and preservation of key agricultural products, aiming to improve agricultural production efficiency, reduce post-harvest losses and diversify processed agricultural products; Promote the application of high technology and digital technology in all stages of the value chain…

At the conference, delegates discussed and shared the current situation, difficulties and obstacles in investing in the agricultural sector in the province, and at the same time proposed solutions and recommendations. Proposals related to investment policies, effective production links…
baolaocai_3.jpgLeaders of the Provincial Department of Agriculture and Rural Development spoke at the conference.

At the conference, the Department of Agriculture and Agricultural Development affirmed that it will seriously accept the opinions and suggestions of the delegates, and will then research and coordinate with relevant agencies and localities to organize the conference.

Implement solutions to improve the investment environment, remove difficulties, and share; coordinate, create the most favorable conditions, and accompany investors, businesses, and cooperatives investing in the agricultural sector in Lao Cai throughout the process of local operations.