Shortage of Labour and Government Support for the Mechanization of Farms are driving the growth of the Vietnam Agricultural Equipment Market – Ken Research 1. Vietnam’s Agriculture Equipment market grew at a CAGR of 3.2% during 2014-2020 and is expected to rise more in the next five years. Vietnam’s agricultural equipment market is in a growing stage. Increasing food demands, shortage of labor, climatic conditions, and government initiatives to help farmers by implementing several policies are some of the… Read More »
Vietnam Agricultural Machinery Market, Vietnam Agricultural Machinery Industry: Ken Research How is the Vietnam Agricultural Equipment Market Positioned? Overview: Mechanization levels in Vietnam have increased considerably over the period 2014-2020. Soil preparation and harvesting for all the major cops in the country are more mechanized now compared to 2014. Mechanization levels are expected to incline further over the next few years and reach a benchmark… Read More »
The Implementation of Supporting Policies by Government to Reduce Losses in Agriculture has contributed to Improving the Level of Mechanization in Vietnam: Ken Research According Ministry of Agriculture and Rural Development in 2020, the level of mechanization in agriculture is increasing in the pre- and post-harvest stages. Specifically, the rate of mechanization of agricultural land preparation reached 94%; 42% of sowing and planting care reached 77% and that of rice harvest reached 65%. Compared to 2011, in 2019, the… Read More »
Labor Crisis and High Labor Wage Rates have Rapidly Increased the Agricultural Mechanization in Vietnam: Ken Research Increasing Labor Wages: In 2020, Vietnam increased its minimum wage by an average of 5.7%. The new rates came into effect in January and range from USD 140 to USD 148in smaller provinces and suburban districts. This increase is higher in urban areas such as Ho Chi Minh and Hanoi. As a result, farmers have… Read More »
In-depth Analysis of the COVID-19 impact on Vietnam Agricultural Equipment market: Ken Research The global outbreak of Covid-19 virus has led to massive disruptions in all industries, majorly due to supply chain disruptions. The looming public health crisis has claimed over 35 lives in Vietnamas of 23rd February 2021 and apart from that, it continues to pose a threat on the lives, livelihoods and businesses across the world.… Read More »
Vietnam Agricultural Machinery Market Outlook To 2025: Ken Research The report titled “Vietnam Agricultural Machinery Market Outlook To 2025 – Agriculture Tractor Market (By Type: 2W And 4W Tractors, By Power: Below 12 HP, 12HP-35HP, And Above 35HP, By Region: Central Highlands, North Central & Central Coast, Mekong Delta, Northern Midlands and Mountains, Red River Delta and South East), Combine Harvester Market, Rice Transplanters… Read More »