Hanoi expects the farm economy to become a shining example of the city's agricultural sector once the amended Land Law takes effect on January 1, 2025, local insiders said.

Pigeon rearing has a high economic value in Tan Hung commune, Soc Son district. Photo: Tung Nguyen/ The Hanoi Times

Deputy Chairman of the Hanoi People's Committee, Nguyen Manh Quyen, believed that the land planning provisions in the amended Capital Law, together with the amended Land Law, would provide a basis for the development of various forms of agriculture.

These new regulations are expected to remove long-standing obstacles and push the agricultural and rural sectors forward.

In particular, in Cu Khoi Ward, Long Bien District, the Tue Vien Organic Farm, established in 2008, earns hundreds of thousands of dollars from two hectares of organic vegetable production. It also produces processed products such as shampoo, dishwashing liquid and hand sanitizer.

Tue Vien Organic Farm is one of the first organic vegetable brands in Hanoi to be sold in supermarkets, Nguyen Van Chi, director of the Hanoi Rural Development Sub-Department, told the newspaper Hanoimoi.

In Thanh Tri District, new models have emerged alongside traditional production farms, including the seven-hectare Van An tourism site. Located on the banks of the Red River in Yen My commune, the site has been developed into an ecotourism destination within the agricultural sector.

Nguyen Van Hung, Vice Chairman of the Thanh Tri District People's Committee, highlights the Van An tourism site as a successful agricultural model. It represents a new approach to agricultural development that emphasizes the value of cultivation, environmental protection, and the principles of green and ecological agriculture combined with tourism, he said.

The success of these farms not only confirms the effectiveness of Hanoi's agribusiness model but also opens up new opportunities for the development of farms that combine eco-tourism services with high economic returns.

Nguyen Xuan Dai, director of Hanoi's Department of Agriculture and Rural Development, said agribusiness had contributed to the efficient use of land and capital and the supply of agricultural products to the market.

According to the city's Department of Agriculture and Rural Development, there are currently 3,150 farms in the city, with an average annual income of around VND2.2 billion (US$89,497) per farm. These facilities have created employment opportunities for rural workers and contributed significantly to the overall development of the capital's economy.

Land Law amendments key to farm economy

However, Hanoi's agricultural sector has untapped potential and operates inefficiently, according to agricultural experts.

Nguyen Manh Quyen, Deputy Chairman of the Hanoi People's Committee, said the city will continue to promote policies on land, science, technology, investment capital, and trade facilitation to support the effective and proper development of farms.

One of the most important foundations for the development of the agricultural economy expected by agricultural experts is the amendment of the Land Code. The amended Land Law allows the limit of transfer of agricultural land use rights for individuals to be increased up to 15 times the limit of land allocation for individuals.

It also introduces provisions for land consolidation, which local insiders say will create favorable conditions for rapid, sustainable, and efficient agricultural development.

In addition, Hanoi has decided to use and develop agricultural land resources along the riverbanks for eco-agricultural production combined with educational and experiential tourism activities, said Dao The Anh, deputy director of the Vietnam Academy of Agricultural Sciences.

He underlined this would be a decisive solution for the development of the farm economy and Hanoi's agriculture.