Vietnam: Opening up the market, creating a new "impulsion" for agricultural, forestry and fishery exports at the end of the year

Published 2021년 11월 12일

Tridge summary

The article highlights the significant growth in Vietnam's agricultural exports in the first 10 months of 2021, with a 13.1% increase compared to the same period in the previous year, totaling 38.7 billion USD. The country is working to reach its target of exporting 44 billion USD in agricultural, forestry, and fishery products by the end of the year. The US is the largest market for these exports, followed by China. Despite challenges such as the Covid-19 pandemic and increased freight rates, the International Monetary Fund's prediction of a global economic growth rate of 5.6% in 2021 and the resumption of global supply chains are expected to boost Vietnam's agricultural exports. The government and various organizations are implementing measures to support agricultural enterprises and ensure market opening and production development.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first 10 months of 2021, the export value of the entire agricultural industry reached 38.7 billion USD, up 13.1% over the same period last year. In order to fulfill the target of exporting 44 billion USD in agricultural, forestry and fishery products in 2021, in the last months of the year, ministries, sectors and localities are trying to implement many solutions to speed up production and open up the market. ., Positive signs, After many quiet months because of the epidemic, so far, the commercial activities of rice products have improved. Director of Vrice Co., Ltd. Phan Van Co shared, Currently, the Summer - Autumn crop has been harvested while the Government is increasing the national reserve, thereby pulling up domestic and export prices., Currently, Vrice and Vietnamese rice exporters are actively restoring production to meet the delivery schedule in the last two months of 2021, as well as the demand from many major import markets in Asia. Secretary of the Vietnam ...

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