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Vietnam Agriculture Finance Diagnostic

Created Jul 28 2020, 3:27 PM by Baloko Makala
  • Agrifinance

 The report was prepared under the Vietnam Country Support Program of the Financial Inclusion Support Framework, an initiative of the World Bank supported with funding from the Netherlands and the Bill and Melinda Gates Foundation.

Agriculture remains economically and socially important in Vietnam despite agriculture’s declining share of gross domestic product (GDP). The share of primary agricultural activity in the GDP has fallen to 13 percent, compared with more than 30 percent two decades ago. The active labor force in agriculture remains as high as 45 percent. However, agriculture is still very important in some regions such as the Central Highlands and the Mekong River Delta. Agriculture finance in Vietnam has to address two fundamental challenges: (a) facilitating financial inclusion and (b) supporting the transformation and growth of agriculture.