Vietnam: Sell value, not price

Published 2021년 5월 11일

Tridge summary

Vietnam has seen a significant growth in its agricultural exports, with a rate of 5-7% per year since 2015, reaching 186 countries and territories. The country has eight products with exports exceeding 1 billion USD, including vegetables, cashew nuts, rice, coffee, rubber, shrimp, wood, and pangasius. However, the government has identified challenges, such as the low added value of most agricultural products, which prevents competition in the global market. To counter this, the government is encouraging the production of clean products and increased processing to add more value. The article highlights the need for strategic investment to meet the requirements of free trade agreements (FTAs) and improve the global competitiveness of Vietnamese agricultural products.

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

Original content

With a growth rate of 5-7% / year since 2015 up to now, Vietnam is listed in the ranks of the world's agricultural export powerhouses. Vietnamese agricultural products have been sold in 186 countries and territories, of which, there are 8 export items with a turnover of over 1 billion USD, including: vegetables, cashew nuts, rice, coffee, rubber, shrimp, wood and pangasius. Particularly, vegetables and fruits of Vietnam are exported to 55 countries and territories. With Vietnam participating in the negotiation and signing of a new generation of bilateral and multilateral trade agreements (FTAs) with many favorable export terms, Vietnam's agricultural sector is now considered to be in a very strong position. huge export opportunities with extremely low tax rates or complete tax exemption - something that no business could think of a few decades ago. Recognizing this, over the past time, the Government, relevant ministries, sectors and businesses are all looking for ways to improve ...

Source: Vinacas