In the News (Vietnam): Agricultural sector overcomes difficulties
Nhan Dan – The adverse impact by the global economic crisis in 2009 had been made on the whole economy of Vietnam and gone deep in every corner of the rural areas to every farmer’s family, according to the survey result by the Institute of Policy and Strategy for Agricultural and Rural Development.
As for the cultivation industry, with the maximal efforts by the authorities at all levels and farmers, the area nationwide under cultivation was not reduced and corn and rice productivity increased, but due to the sharp increase in prices of input materials whereas the prices of products did not rise of if any, it did not match with the increase in input cost, resulting in considerable decrease in profit. The survey made among households in Bac Can province showed that profit from rice production reduced by 8 – 20% according to the number of members each household had. In Nam Dinh, the fairly well-off households’ rice production cost was up 40.1%, whereas their profit was down 31.2%.
The animal husbandry and fishery sector had faced even bigger difficulties in 2009. It is because of the fact that prices of petroleum increased so high whereas prices of shrimps and fish were not high enough, or if any, it did not rise as required, so thousands of offshore fishing ships had to be stranded on shore. Especially, a state of affairs had cropped up that the area under aquaculture in a lot of localities had been abandoned.
