🇻🇳 Vietnam Attracts Strong FDI in Agriculture, Sets New Export Record

537 Active FDI Projects in Agriculture, Over $62 Billion in Agri-Exports

According to the General Statistics Office (Ministry of Finance), by the end of 2024, Vietnam had attracted 537 valid FDI projects in the agriculture sector. Global agribusiness giants including Nestlé, CP Group, De Heus, Cargill, and Bayer have made substantial investments, targeting critical areas such as crop seeds, animal feed, deep processing, and raw material development.

In 2024, Vietnam’s agriculture, forestry, and fishery export turnover reached over USD 62 billion—the highest in the country’s history, far exceeding previous forecasts. This achievement reflects improvements in product quality, the expansion of deep processing, and successful access to high-standard global markets.

FDI Drives Technology Transfer and Workforce Development

FDI is not only bringing in capital but also fostering technology transfer and skills enhancement. Foreign-invested enterprises have introduced advanced production technologies, strict quality control procedures, and internationally standardized management systems across the value chain.

Notably, Nestlé has partnered with local farmers to develop sustainable raw material zones, offering training programs and support to align with global standards—helping enhance the competitiveness of Vietnam’s agricultural labor force and integrating farmers into global value chains.

Domestic Enterprises Embrace Innovation, Agri-Tech Startups on the Rise

Alongside foreign investors, Vietnamese enterprises—especially agri-tech startups—are gaining momentum. Many are adopting high technologies such as AI, blockchain, and big data in managing supply chains, traceability, and brand development.

Eco-friendly, organic, and circular farming models are also expanding across provinces. Some young Vietnamese companies have already succeeded in exporting value-added processed agricultural products, contributing to modernizing the sector and showcasing the growing role of the private sector in agriculture.

Legal Framework Strengthened for Sustainable Development

To further attract quality investment and ensure sustainable growth, the Vietnamese Government is actively improving its legal and policy framework for agriculture. A new decree is being drafted to replace Decree 57/2018/ND-CP, offering more inclusive incentives aligned with current integration trends.

At the same time, initiatives such as establishing a Green Agricultural Development Fund, building a national raw material and planting area database, and adopting international standards like EUDR, GlobalG.A.P., and organic certifications are underway—helping Vietnamese agricultural products meet strict international requirements for environment, food safety, and traceability.

Outlook: Strong Momentum for Green, Sustainable, and Global Agriculture

With solid foundations from capital investment, technology advancement, human resource development, and progressive policy reform, Vietnam is well-positioned to strengthen its role in the global agricultural supply chain.

By focusing on green growth, high value-added products, and global market integration, the country’s agriculture sector is expected to accelerate further from 2025 onward, affirming Vietnam’s status as a trusted source of quality agricultural exports.