Vietnam: Vietnam Bank for Agriculture and Rural Development has taken an active role in providing capital to growers

In the hope of making contributions to the growth of a clean and high-value agricultural sector, the Vietnam Bank for Agriculture and Rural Development (Agribank) has taken an active role in providing capital, consultations, and other support to farmers in promoting technology. This move is seen as crucial for the sector to develop in a sustainable and effective direction.

Obvious trend
Agricultural development based on innovations in science and technology is considered one of the key solutions to challenges as the sector grows. Insiders believe the superiority of biotechnology, greenhouse technology, drip irrigation technology, sensor technology, automation, and the Internet of things is helping the sector save production costs, increase productivity, and improve the quality of farm produce, thus actively contributing to environmental protection. Experts and scientists agree that this is an important measure to make breakthrough progress in agricultural development, assisting agricultural restructuring and enhancing farmers’ lives.

A report from the Ministry of Science and Technology (MoST) showed that science and technology advances have contributed over 30% to the added values in overall agricultural production and 38% to the production of plant and livestock varieties while considerably reducing the loss in agricultural production (to under 10% in rice production).

The level of mechanization at the stage of tillage for annual crops (such as rice, sugarcane, maize, and vegetables) has reached about 94%, while that in the rice harvest stage has been 50% and even 90% in delta localities.


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