September 23, 2024

Vietnam agriculture ministry highlights need to support agriculture sector following Typhoon Yagi

Vietnam's Ministry of Agriculture and Rural Development has suggested the Vietnamese government should issue a resolution that supports farmers in the recovery of production following Typhoon Yagi which has impacted the livestock, fishery and poultry sectors.

In a recent interview wtih the Vietnam New Agency, Deputy Minister Phung Duc Tien said farming households across the nation have lost from tens to hundreds of billions due to the super typhoon, and this highlights the need for large investments in livestock and fishery farming systems.

The deputy minister will have meetings with localities, enterprises, and business associations on support measures regarding techniques, breeding animals, production materials, and animal food, among others, he said, adding the ministry has proposed the Government extend debt payment deadline, provide specific assistance to typhoon-hit businesses, cooperatives, and households, and handle insurance issues so that they can recover production at the earliest to ensure sufficient food supply for the upcoming Tet (Lunar New Year) Festival.

According to Tien, Typhoon Yagi and its subsequent downpours and floods cost the fishery sector some ₫2.5 trillion (US$101.7 million) and the livestock sector around ₫2 trillion.

The Ministry of Planning and Investment estimated agricultural growth may decrease by 0.33% this year.

- VNA