Investment approvedThis article was originally published in Foodnews
VIETNAM's Ministry of Agriculture and Rural Development has approved a plan to increase the agricultural sector's competitiveness on the global market. Priority will be given to the development of major crops such as rice, vegetables, beans and high export-value plants, including coffee, rubber, pepper, cashew, tea, fruit and cocoa. Over the last nine months, agricultural export value hit US$6.8 billion, a 43% year-on-year increase. The ministry attributed the growth to an increase of 29-40% in the export price of key farm produce, including rubber, tea and cashew.