Vietnamese agriculture: One year entering the WTO
Vietnam became the official member of the World Trade Organization (WTO) on the 7th of November, 2006. Joining the WTO has brought great opportunities as well as challenges to the Vietnamese economy, especially the agricultural industry. The nation has 73.7% of its population living in rural areas. This includes 13.2 million households of which 11 millions are directly involved in agricultural production. The agricultural industry contributes 21% to the nation’s GDP. This paper reviews some achievements of the industry and proposes solutions for it to overcome challenges after being a member of the WTO.
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