According to an assessment by the Ministry of Agriculture and Environment, in the context of new challenges and tasks, agriculture will continue to be one of the country’s key pillars, with substantial potential and ample room to attract investment.
Regarding major orientations for attracting foreign direct investment (FDI) in the new phase, the agriculture and environment sector has set out strategic goals and policies, including a shift from a traditional “agricultural production mindset” to the development of a broader agricultural economy; and the promotion of agricultural product culture and branding linked to local identities.
The sector is also prioritizing investment attraction in areas related to natural resources and the environment, such as wastewater treatment, domestic and industrial solid waste management, recycling technologies, renewable energy, and the development of the carbon market. FDI attraction is to be aligned with green growth and ecological security, in the context of climate change and global emissions reduction commitments.
The Ministry of Agriculture and Environment is currently finalizing a draft decree to replace Decree No. 57/2018/ND-CP on mechanisms and policies to encourage enterprises to invest in agriculture and rural areas. The new decree is expected to introduce breakthrough measures to remove barriers, promote stronger investment flows into agriculture, build trusted and mutually beneficial partnerships, and expand international cooperation. At the same time, it is expected to usher in a new phase of development for Viet Nam’s agriculture toward greener, more modern, and more sustainable.
For FDI to truly become a “lever” for agricultural development in the new period, strong and comprehensive reforms are needed, from policy design to implementation. The goal is that by 2030, registered FDI capital in the agricultural sector will reach USD 25 billion, with a focus on projects featuring high levels of science and technology, environmental friendliness, and on agricultural value chains where Vietnam holds competitive advantages.
Experts also note that prospects for attracting FDI into agriculture are optimistic. In the coming period, opportunities arising from the green transition, digital transformation, and growing global food demand are expected to provide a major boost - provided that Viet Nam effectively capitalizes on them with a new FDI attraction strategy based on technology, sustainability, and integration into global value chains. With synchronized implementation of solutions, Viet Nam could become an attractive destination for high-quality agricultural FDI, contributing to the goal of building a modern, ecological, and sustainable agricultural sector.