Impact of the agricultural sector on household income in Vietnam: social accounting matrix approach
For many years agriculture has played an important role in supporting Vietnam’s economy. Despite the remarkable achievements, agricultural production in Vietnam is still self-sufficient and the household income is not high as compared to the inherent capacity of the industry. Based on the Vietnam Social Accounting Matrix (SAM) database for 2007, 2012, and 2016, the study has measured the income multipliers for the agricultural sector. The research results show the importance offorestry for household income in the country, as well as the relative impact offishery, crop production, livestock breeding, and agricultural services on household income in different regions during this period. Therefore, to ensure income growth for all household groups, it is necessary to focus on the development of forestry. If the policy goal is rural modernization or urbanization, the focus should be made on relevant sectors such as fishery, crop production, livestock breeding, and agricultural services.