Relation between agricultural growth and industrial growth in the industrialization process in Vietnam: questions and recommendations

Abstract

     Agricultural growth did affect industrial growth in the first stages of industrialization. Will thisrecur in later stages? Answering this question is related to decisions on investment in the agriculturewhen the level of economic development is higher. Maintaining and increasing the agriculturalgrowth rate require identification of factors affecting the economic growth. Such problemshave not been deah with properly in Vietnam. The agricultural production in Vietnam issuffering from a diminishing marginal productivity while investment in agriculture is still aninfluential factor and technology is playing an increasingly important role in the agriculturalgrowth The authors suggest the three following groups of solutions to the agricultural development:(1) identifying exactly the role of agriculture; (2) increasing investment in agriculture;and (3) promoting transfer and application of new technologies to the agricultural sector