Data Linkage, Promoting Sustainable Agricultural Investment

The linkage model in agricultural production, processing, and consumption is key to developing sustainable agricultural supply chains. Building a comprehensive database connecting all stakeholders will enable more flexible and responsive mechanisms and policies. Data reveals that only about 50,000 of the 900,000 businesses nationwide invest in agriculture. This highlights the need for increased investment in this vital sector. Despite challenges, Vietnam's agricultural exports have shown impressive growth. In the first 11 months of 2024, agricultural, forestry, and fishery product exports reached 31.35 billion USD. Including imports, the sector's import-export turnover could reach 62.4 billion USD in 2024, with a potential trade surplus of 18.6 billion USD. Stronger growth is possible if existing obstacles, such as weak connections between businesses, farmers, and research institutions, are addressed. This often leads to imbalances in supply and demand. To strengthen the linkage model, clearly defined benefits for all stakeholders are crucial. Access to bank credit capital is also essential for success. Leveraging data and digital transformation can further enhance these connections and promote sustainable agricultural investment in Vietnam.