Vietnam sets up 5 zones for agriculture, forestry, fisheries

The exclusive rice growing zone established is expected to help exporters take full advantage of tax benefits under trade agreements. VNA/VNS

HO CHI MINH CITY (Vietnam News/Asia News Network): HCM City is joining hands with the Ministry of Agriculture and Rural Development to establish five areas exclusively for agriculture, forestry or fisheries in 13 provinces at a cost of VNĐ2.46 trillion (US$107 million) by 2025.

The country’s agricultural sector has yet to realise its full potential, experts said, pointing out that production and consumption still rely heavily on a few markets, climatic conditions and other factors that limit capacity.