This goal was set out in the Government’s Decision 858 signed by Deputy Prime Minister Le Van Thanh to approve the country’s strategy on agricultural mechanisation and development of the agricultural, forestry, and fishery processing industry until 2030.

According to the details of this strategy, the nation’s mechanisation rate by 2030 would stand at over 70% for crops, 60% in animal husbandry, and 95% in aquaculture.

The Government is eying the establishment of several major agricultural corporations that boast an international-level financial capability and corporate governance, in addition to industrial clusters for processing farm produce linking with concentrated material regions and distribution networks.

As a means of carrying out this strategy, the Government will continue to refine institutions and regulations, including regulations on land management, policies, and mechanisms on co-operation among provinces, cities, and Government agencies to achieve mass agricultural production.

Tax incentives for the agricultural processing sector, along with machinery, equipment, and technology in agriculture, will be proposed to be amended when the National Assembly reviews the Law on Taxation.

Moreover, technological advancements are anticipated to be applied in the farm production process, along with a range of incentives which will contribute to training a high-quality workforce for the mechanisation of agriculture.

The banking sector can therefore be held responsible for providing preferential loans for the cause of agricultural development, especially for projects that form large-scale farm produce processing, storing, and distributing centres.