Speeding up digital transformation and institutional changes for sustainable farming practices
Vietnam Private Sector Forum 2025 Highlights Sustainable Agriculture and Modernisation of Farming
The Vietnam Private Sector Forum 2025 (VPSF 2025) was held in Hanoi on September 16, gathering leaders from government, business, and academia to discuss the role of the private sector in driving sustainable growth and making policy recommendations to strengthen Vietnam's institutional framework.
One of the key discussions at the forum focused on enhancing value chains in Vietnam's agricultural products. Unfortunately, available search results lack information about the companies that participated or the specific topics discussed.
Phan Minh Thong, chairman of Phuc Sinh Group, emphasised the need for small- and medium-sized enterprises in the agricultural sector to adhere to international standards. He highlighted the importance of transparent governance, clear customer data, and third-party auditing. Thong also stressed the significance of investing in deep-processing infrastructure and research & development directly in farming areas to boost the value and competitiveness of Vietnamese farm produce in international markets.
Nguyen Manh Hung, chairman of Nafoods, noted that most of Vietnam's agricultural output remains raw or semi-processed, limiting its international competitiveness. He identified four key bottlenecks in the agricultural processing industry: high logistics costs, complicated certificates and taxes, weak national brands, and incomplete frameworks for green agriculture and digital traceability.
To address these issues, Hung suggested prioritising the development of green logistics infrastructure and smart cold-storage facilities in farming regions, co-funding trade promotion and building national brands for key commodities, improving tax, land, and green-agriculture policies, and implementing a carbon credit mechanism.
Thong underlined the importance of standardising sustainable agriculture, particularly through strict control of pesticide use, to safeguard the reputation of Vietnamese products. He also suggested establishing a national commodity exchange to ensure transparent pricing and data, helping Vietnamese businesses reduce reliance on international prices and gradually secure greater pricing power.
Phuc Sinh Group has collaborated with farming households for the past 15 years to establish a digitalised traceability system from farm to market, enabling compliance with ESG standards and preventing deforestation.
Additionally, Vietnam will launch a CEO training programme by 2026, offering practical courses to help young business founders overcome management challenges and build sustainable, growth-oriented businesses. Thong expressed readiness for Phuc Sinh and the private business community to accompany the government in building a sustainable economy, where Vietnamese brands are celebrated, farmers benefit, and the country thrives.
Thong stated that developing a transparent, sustainable, and modern agricultural ecosystem would empower private enterprises and reinforce Vietnam's global position. He noted that the private sector is a key driver of national development, and with policy bottlenecks removed, it could generate hundreds of thousands of jobs and further deliver Vietnamese products to the world.
Processed agricultural goods are a significant part of Vietnam's exports, reaching markets in over 170 countries. The VPSF 2025 aimed to reaffirm the private sector's role as a driver of sustainable growth and to generate policy recommendations that strengthen Vietnam's institutional framework.
The forum also emphasised the importance of investing in research and development to improve the quality and competitiveness of Vietnam's agricultural products. This includes the development of high-tech agricultural zones that integrate logistics, digital technology, and innovation.
In conclusion, the Vietnam Private Sector Forum 2025 underscored the need for sustainable and modern agricultural practices to enhance Vietnam's competitiveness in the global market. The event brought together key stakeholders to discuss ways to overcome bottlenecks in the agricultural processing industry and to build a transparent, sustainable, and modern agricultural ecosystem.
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