Current views on agricultural-product-processing Industry:

According to the Ministry of Industry and Trade, along with the development of consumption markets, the agro-forestry and aquatic product processing industry of Vietnam has made significant progress with the value-added growth rate of about 5-7% a year , gradually becoming the key to improve economic values.

Many localities and leading enterprises have already transformed and developed the processing systems with a design capacity to ensure processing about 120 million tons of agricultural raw materials / year, with over 7,500 enterprises of large scale that also contributes to the nation’s exports.

However, the processing industry still has many bottlenecks preventing its full potential. Specifically, processed items only account for 5-10% of annual output while the average designed capacity utilization rate is 56.2%. Moreover, some facilities are over 15 years old with equipment innovation rate of only 7% / year, causing waste of raw materials and energy yet low productivity.

Experts suggested that the reason for the weak processing industry is the lack of feasibility, consistency and financial mechanism, although the government has enacted many supporting policies.Investing in modern production lines requires enormous costs with a long payback period, thus, only a few large enterprises can participate in the processing industry.

The goal to 2030

The Government aims to bring Vietnam’s agricultural processing industry into the world’s top 10 with a growth rate of 7-8% per year.

In order to reach this goal, Viet Nam needs to focus on promoting mechanization in agriculture to utilize the value chain and operate more smoothly and effectively. Moreover, there is also a need for investment in manufacturing machineries and specialized production equipment combined with a synchronous logistic system.

Hong Duong Company Limited and agricultural products processing service

As a large enterprise with constantly innovated modern production lines and techniques, Hong Duong Company is pleased to provide agricultural products processing service that helps reduce production costs, increase competitive advantages while ensuring food quality and safety, enhancing added value for businesses.

Contact us for more infomation:

Hotline: 08.22.77.33.55