Both the CPTPP and EVFTA trade pacts, expected to come into effect this year, are set to increase the access that Vietnamese farm produce enjoy in demanding overseas markets.
“The country’s agricultural output is exacting a price on the environment. Business as usual’ is no longer an option for the sector–growth has slowed down, it is vulnerable to climate hazards, and leaves a large environmental footprint. Change will help overcome these challenges, ensure the future of agricultural growth, and better meet the expectations and aspirations of the people of Vietnam” said Ousmane Dione, World Bank Country Director for Vietnam.