The US, China, Japan and South Korea have spent 15.6 billion USD to buy agricultural products of Vietnam while the prices of pepper, rubber, rice and cassava has increased rapidly

Published 2021년 8월 4일

Tridge summary

In July 2021, Vietnam saw a 26.7% increase in the export turnover of agricultural, forestry, and fishery products compared to the same period in 2020, totaling 4.2 billion USD. The US, China, Japan, and Korea are the primary export markets. Despite the Covid-19 pandemic, there has been a surge in the export value of key products such as rubber, fruit, vegetable products, pepper, cashew nut, cassava, and livestock products. However, the Ministry of Agriculture and Rural Development has identified challenges including the impact of the pandemic on production plans, potential oversupply, and issues in the distribution of agricultural products. To mitigate these challenges, the ministry plans to adjust production plans, promote market development, enhance connectivity, and support the digital transformation in agriculture. The country also faces a limited cold storage capacity for preserving agricultural products, particularly in the Mekong Delta.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a report by the Ministry of Agriculture and Rural Development, in July 2021, the export turnover of agricultural, forestry and fishery products was estimated at 4.2 billion USD, up 26.7% compared to July 2020, the US, China, Japan and Korea China is the four largest export markets of Vietnamese agricultural products. In which, the export value of main agricultural products is estimated at 1.8 billion USD, main forest products are estimated at 1.41 billion USD, fishery products at 800 million USD and livestock at 44.1 million USD, etc. In May 2021, the export turnover of agricultural, forestry and fishery products is estimated at 28.6 billion USD, up 26.7% compared to 7 months of 2020. In which, the export of main agricultural products is estimated at over 12.2 billion USD, up 15.1%; main forest products reached about 10.2 billion USD, up 54.0%; seafood reached over 4.9 billion USD, up 12.0%; livestock production was estimated at $254 million, up 16.0%. Although the ...

Source: Danviet