The value of Vietnamese agricultural products increased sharply, thanks to investment in processing

Published 2021년 6월 21일

Tridge summary

Vietnam has seen a significant increase in the export turnover of agricultural, forestry, and fishery products in the first five months of 2021, reaching 22.58 billion USD, a 30.1% increase compared to the same period in 2020. This growth is attributed to the export value of main agricultural products, livestock, seafood, and forest products, with rubber being the fastest-growing commodity. The country expects to generate 41 billion USD from these exports in 2021. The government's focus on modernizing the agricultural sector and increasing mechanization has led to an increase in the value-added growth rate of the agricultural product processing industry. Despite the challenges posed by the COVID-19 epidemic, the agricultural sector is expected to achieve substantial growth, with efforts being made to promote consumption and increase the added value of agricultural products through modern processing and preservation techniques.

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Original content

According to statistics of the Ministry of Agriculture and Rural Development, the export turnover of agricultural, forestry and fishery products in the first 5 months of 2021 reached 22.58 billion USD, up 30.1% compared to the same period in 2020. Processing and marketing are two important stages related to The close system is capable of pushing the added value of agricultural products if investment is focused... Export value of agricultural, forestry and fishery products increases sharply According to statistics of the Ministry of Agriculture and Rural Development until the beginning of June 2021, export value of all items main agricultural products were estimated at 7.78 billion USD, up 13%; livestock export value is estimated at 166 million USD, up 43.9%; seafood export value was estimated at 3.24 billion USD, up 12%; export value of main forest products was estimated at 7.06 billion USD, up 61.8%. Notably, rubber is the fastest growing commodity since the beginning of the year ...

Source: Vinacas