The government has stated that developing mechanization in agriculture and the processing of agricultural, forestry, and fishery products is a crucial task for the agricultural sector, while the development direction will focus on comprehensive mechanization, aligned with production chains that integrate processing and product consumption.
The meat processing industry in Vietnam has undergone substantial growth over the past decade, emerging as a critical component of the nation’s economy. This industry not only ensures food safety and increases the value of the livestock sector but also contributes significantly to import and export activities.
In recent years, Vietnam has consistently achieved a substantial agricultural trade surplus, largely driven by exports of key commodities such as coffee, rice, fruit and vegetables. This surplus not only reflects Vietnam’s agricultural strength but also underscores the importance of the industry as a contributor to foreign currency reserves.
Vietnam has long been recognized as one of the world's leading fishery producers and exporters. Thanks to its geographical advantages, including more than 3,260 km of coastline and vast inland water resources, the country is well-suited for aquaculture and fishing activities.
The Vietnamese agricultural machinery market is forecasted to experience a compound annual growth rate (CAGR) of 5.5% from 2022 to 2027, reaching 428 million USD, according to Ken Research (2024)
According to Vietnam’s Forestry Development Strategy 2021-2030, the Vietnamese government aims to modernize and enhance the competitiveness of the forestry sector.