Exports of agricultural, forestry, and fishery products

According to economists, Vietnam’s exports of agriculture, forestry and fishery have low value because the country has sold raw materials.

The Ministry of Agriculture and Rural Development this morning informed the country’s total import-export turnover of agricultural, forestry and fishery products in the first eight months of the year.

The export turnover of agricultural, forestry and fishery products reached US$24.5 billion in the first six months of 2023, reported the Ministry of Agriculture and Rural Development.

The Ministry of Agriculture and Rural Development yesterday held a workshop to collect opinions for the development of agricultural sector.

The Ministry of Agriculture and Rural Development yesterday announced that China is becoming the largest consumer of Vietnamese agricultural products.

The Ministry of Agriculture and Rural Development and the People’s Government of Guangxi Zhuang Autonomous Region of China on September 16 signed a Memorandum of Understanding (MoU) on agricultural cooperation in China’s Nanning city.

Minister of Agriculture and Rural Development Le Minh Hoan asked related agencies to find out solutions and take advantaged of opportunities for exports.

A conference to promote trade in agricultural and fishery products between Vietnam and China under the new context was held in Lang Son Province in both online and offline forms.

Vietnam is enjoying a high total export turnover of agricultural, forestry and fishery products; yet it still has to import a large amount of raw agricultural materials and animal feed.

In 2022, the agricultural sector has made great efforts to expand many markets; thereby, the export revenue of agro-forestry-fishery products can reach a new record of US$53.22 billion.

The agro-forestry-fishery export turnover in 2022 posted a new record, hitting over US$53.2 billion in 2022, a year-on-year increase of 9.3%, according to the Ministry of Agriculture and Rural Development (MARD).

In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).

Agriculture has affirmed its role as an important pillar of the economy, helping build an independent and self-reliant economy with active, intensive, and effective integration into the world and bring a prosperous and happy life to people.

Agro-forestry-fishery exports stood at about US$49.04 billion in the first 11 months of 2022, higher than last year’s record of US$48.6 billion, the Ministry of Agriculture and Rural Development (MARD) said.

Tra fish exports to member countries of the Association of Southeast Asian Nations (ASEAN) have been rising sharply, and this market is forecast to surpass the European Union in terms of catfish imports from Vietnam in the near future, the Cong Thuong (Industry & Trade) newspaper reported.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien affirmed that the ministry would focus on market solutions, striving to achieve an export turnover of US$50 billion of agricultural, forestry, and fishery products by the end of the year at a press conference on food supply in the last months of 2022 held on the afternoon of October 3 in Hanoi.

The 23rd Vietnam International Agriculture Trade Fair (AgroViet 2023), themed "Connecting Value Chains, Developing Ecological and Sustainable Agriculture", opened in Hanoi on September 14.

The first batch of fresh lychee has arrived in the US, opening up big opportunities for the specialty and other Vietnamese fruits to conquer the demanding market.

The country's credit growth was negative in the last July. The total banking industry revenue was much lower than the total year's target.