What is driving the agricultural sector to make a breakthrough in export activities?
- 160
- Business
- 14:56 02/04/2024
DNHN - Agricultural exports have strong development potential, generating significant income for the Vietnamese economy. This is a driving force for promoting the Vietnamese agricultural sector in export activities and creating momentum for a breakthrough.
One of the important factors for Vietnamese agricultural products to be able to compete in the international market is to improve product quality. Investing in technology, modern production processes, quality control and compliance with international standards will help to enhance the reputation and value of Vietnamese agricultural products in the export market.
An efficient distribution and logistics system is essential to ensure that Vietnamese agricultural products can reach export markets quickly and reliably. Investing in transport infrastructure, warehouses and a delivery system will help to reduce costs and increase the competitiveness of Vietnamese agricultural products in the international market.
Building a strong brand and promoting it effectively is an important factor for Vietnamese agricultural products to stand out in the export market. Creating a reliable and prestigious image for Vietnamese agricultural products through promotional and marketing campaigns will attract the interest of international partners and create a competitive advantage.
Cooperation with international partners is an important way to facilitate the Vietnamese agricultural sector in export activities. Establishing strong partnerships, signing trade agreements and promoting production links will expand the consumer market and create conditions for Vietnamese agricultural products to access demanding markets.
In addition, the use of technology and the application of Artificial Intelligence (AI) can help to improve productivity and production efficiency in the agricultural sector. Technologies such as automated management, weather monitoring, market demand forecasting and production process optimisation can help the Vietnamese agricultural sector to improve product quality and increase competitiveness in the export market.
According to Mr Nguyen Nhu Cuong, Director of the Department of Crop Production (Ministry of Agriculture and Rural Development), although the area of rice cultivation is tending to decrease, in the 2024 production plan, the crop cultivation sector still aims to maintain the rice cultivation area of 7.1 million hectares, with the rice yield harvested in the year reaching over 43 million tonnes. Vietnam will still ensure the export of 8 million tonnes of rice or more.
With the above driving forces and factors, the Vietnamese agricultural sector has the potential to make a breakthrough in export activities. Investing in improving quality, developing a distribution and logistics system, building a brand, strengthening international cooperation and using technology are important ways for the Vietnamese agricultural sector to increase export efficiency and promote the sustainable development of the sector.
According to the latest statistics from the General Department of Customs (Ministry of Finance), rice exports in the first half of February (from 1/2 to 15/2) reached 150,944 tonnes, worth 104.33 million USD. Accumulated from the beginning of the year to February 15, rice exports reached 663,209 tonnes, worth 466.6 million USD. The average export rice price was 703.5 USD/tonne. Compared to the same period in 2023, the volume of rice exported increased by 14.4% (an increase of over 83,000 tonnes); while the export value increased by 53% (an increase of nearly 161 million USD). The average export rice price was 703.5 USD/tonne, an increase of 33.65% compared to the same period in 2023 (only about 526 USD/tonne).
Last year, rice exports also achieved quite impressive figures with 8.1 million tonnes, worth 4.68 billion USD, respectively increasing by 14.4% and 35.3% compared to the previous year.
In 2023, the largest rice export market for Vietnam was ASEAN, accounting for 61% of the total rice exports of the country with 4.9 million tonnes, an increase of 24% compared to the previous year. In addition, Vietnamese rice is also exported to other markets such as China, Ghana, etc.
Nhan Ha Phan
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