Exports of agricultural products from the Russian Federation to Vietnam may increase by more than 4 times by 2030 - Ministry of Agriculture

Published 2024년 4월 3일

Tridge summary

The potential for Russia to increase its agricultural exports to Vietnam, including grains, pork, and fish products, could see a more than fourfold rise by 2030, according to Deputy Minister of Agriculture of the Russian Federation, Sergei Levin. This growth is attributed to the strategic importance of Vietnam as a platform for Russia to access other Southeast Asian markets, coupled with a 32% increase in trade turnover between the two countries in 2023. Both nations are actively working to expand the list of exporting companies, aiming to strengthen bilateral cooperation in the agro-industrial sector and ensure the safety and accessibility of their products in each other's markets.

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Original content

This is possible due to increased supplies of grains, pork and fish products There is great potential for exporting agricultural products from Russia to Vietnam. By 2030, it could grow more than 4 times thanks to increased supplies of grains, pork and fish products. Our country is interested in significantly increasing supplies. Deputy Minister of Agriculture of the Russian Federation Sergei Levin spoke about this at a working meeting with a representative of the Republic of Vietnam in Russia. “In the current geopolitical conditions, Vietnam can become a significant platform for increasing the supply of Russian agricultural products not only to the country’s domestic market, but also to the markets of Southeast Asian countries due to its geographic location and economic role in the region,” Levin noted. According to him, strengthening bilateral cooperation and establishing closer contacts with Vietnamese partners in the agro-industrial complex remains a priority for the ...

Source: Specagro