Vietnam's agriculture sector and the goal of achieving $54 billion in agricultural exports
- 156
- Business
- 14:48 08/07/2024
DNHN - The Vietnamese agriculture sector has made significant progress in recent years, and currently, the goal is to boost agricultural exports to reach $54 billion.
According to the Ministry of Agriculture and Rural Development, in the first six months of 2024, the trade surplus of the agriculture sector reached approximately $8.28 billion, a 62.4% increase compared to the same period in 2023. At the same time, the GDP growth of the agriculture, forestry, and fisheries sector reached 3.34%, contributing 5.36% to the total added value growth of the economy. These achievements are not only a solid foundation but also a crucial motivation for driving the agriculture sector's breakthrough in the second half of 2024.
With a positive outlook for 2024, Vietnam's agricultural, forestry, and fishery export turnover is projected to reach between $54 and $55 billion. Currently, there are seven products and product groups surpassing the $1 billion mark in export value, including coffee, rubber, rice, fruits and vegetables, cashew nuts, shrimp, wood and wood products.
Among them, rice and cashew nuts have shown growth in both volume and value compared to the same period in 2023. Specifically, rice exports reached 4.68 million tons (up 10.4%), valued at $2.98 billion (up 32%); cashew nuts reached 350,000 tons (up 24.9%), valued at $1.92 billion (up 17.4%). For coffee, despite a 10.5% decrease in volume, the average export price increased by 50.4%, resulting in an export value of $3.22 billion, up 34.6%.
In recent years, Vietnam's agriculture sector has made significant progress and achieved important milestones. Agricultural output has increased significantly, meeting domestic demand and providing a large supply for the export market. This progress is driven by the adoption of advanced technologies, the development of high-quality crop varieties, and the efficient use of fertilizers and pesticides.
Additionally, the productivity and quality of agricultural products have been significantly improved thanks to these innovations. The agricultural infrastructure system has also been upgraded, enhancing the capacity for transportation and preservation of agricultural products. These achievements not only serve as a strong motivation for the sustainable development of Vietnam's agriculture sector but also contribute positively to the national economy.
Vietnam possesses an advantage in the diversity of agricultural products, from staple items like rice, coffee, cashew nuts, and rubber to various fruits and vegetables, seafood, and industrially processed agricultural products. The quality of Vietnamese agricultural products is increasingly recognized by international markets, thanks to compliance with high standards of food safety and environmental sustainability.
Notably, Vietnam has signed numerous free trade agreements with other countries and regions around the world, opening up opportunities for exporting agricultural products to major markets such as Europe, the United States, Japan, South Korea, and China. These efforts not only help boost the agricultural economy but also contribute to improving the livelihoods of rural people and promoting sustainable development for Vietnam's agriculture sector.
To enhance the productivity and quality of agricultural products, we need to continue promoting research and the application of advanced technologies in agriculture. Increasing the use of organic and microbial fertilizers, and implementing clean and safe production processes are essential steps to ensure productivity and product quality.
Building the brand of Vietnamese agricultural products is also a crucial priority. Investing in brand promotion through activities such as exhibitions, trade fairs, and media campaigns will help elevate the value and reputation of Vietnamese agricultural products in the international market.
To achieve this, strengthening cooperation and information sharing is extremely important. Enhancing links with agricultural associations, export enterprises, and relevant agencies to share market information, export regulations, and new business opportunities will help optimize export potential.
Simultaneously, investing in transportation infrastructure and technology is necessary to improve the preservation and processing systems for agricultural products. This ensures that products maintain high quality when reaching international markets.
Finally, training and improving human resource capacity is a decisive factor. Investing in training farmers, agricultural experts, and related personnel, enhancing knowledge in agricultural management, quality standards, and exports will help Vietnam's agriculture sector develop sustainably and compete in the international market.
With the potential and efforts of Vietnam's agriculture sector, the goal of achieving $54 billion in agricultural exports is entirely feasible. This not only brings strong economic development opportunities for Vietnam but also contributes to improving the livelihoods of rural people, creating jobs, and attracting investment into the agriculture sector.
Nghe Nhan
Related news
#export activities
Export businesses face difficulties as sea freight rates rise
Logistics costs have now increased by about 130% compared to the end of 2023. This reality has been pushing domestic export businesses into a state of freezing many export orders.
Ministry helps enterprises effectively deal with trade remedies
The Ministry of Industry and Trade (MoIT) will continue to coordinate with relevant ministries and sectors in supporting businesses to minimise impacts of trade remedies which may have an detrimental effect on Vietnam’s export activities.
Đọc thêm Business
Ben Tre - Eastern vision and potential for sustainable development
Ben Tre's Provincial Competitiveness Index (PCI) in 2023 saw a significant improvement, climbing six spots from 13th in 2022 to 7th place, positioning it 3rd out of 13 provinces in the Mekong Delta region.
The State Bank of Vietnam studies the roadmap to remove credit room
The State Bank of Vietnam (SBV) is considering a roadmap to remove the credit room mechanism as directed by the National Assembly and the Government.
Completion of the pre-feasibility study report for the North-South high-speed railway project
The 350km/h North-South high-speed railway project is urgently finalizing its pre-feasibility study report. The goal is to present it to the National Assembly for review.
Hodeco signs MOU on development cooperation with Korean partners
According to the memorandum of understanding, Hodeco is committed to strengthening close cooperation with its Korean partners, including Korea CEO Summit (KCS), Woo A Development, Korea Resources Development, Scale Technology, and Quynh Paris Co., Lt
Transparent mechanism needed for renewable energy project development
In the context of climate change and resource depletion, renewable energy has become a key element in sustainable development strategies.
Regulation on temporary exit suspension for tax debtors: Perspectives from the tax authority
To enhance debt collection efficiency, the combination of various enforcement measures, along with the application of modern technology, will be the key factor for success in Vietnam's tax management.
Prime Minister Pham Minh Chinh emphasized six key significances of the Fourth Industrial Revolution Center
Prime Minister Pham Minh Chinh highlighted six key significances of the Fourth Industrial Revolution Center (C4IR) at the inauguration ceremony of the C4IR located in the High-Tech Park, Ho Chi Minh City, which took place at noon on September 25.
3S Dealer "Nissan Tay Do Can Tho Showroom" Officially Opens
On the afternoon of September 24, 2024, the grand opening ceremony of the 3S Dealer "Nissan Tay Do Can Tho Showroom" took place at No. 09, 1B Street, Tay Do Cultural Center Resettlement Area, Hung Thanh Ward, Cai Rang District, Can Tho City.
The banking sector sacrificed profits to support the economy
To date, the credit market has recorded impressive growth, exceeding 6.9% compared to last year. This shows that banks are actively pushing capital into production and business.
Dongtam Group partners with CS Wind Corp to build a wind power equipment factory
Dong Tam Group (DTG) and CS Wind Corporation (CS WIND) have officially signed a Memorandum of Understanding (MOU).