Accelerate agricultural exports of Vietnam

Published Oct 18, 2021

Tridge summary

Vietnam's agricultural exports have seen a significant increase in the first nine months of 2021, reaching a value of $35.5 billion, a 17.7% increase from the previous year, despite the Covid-19 pandemic. The Ministry of Agriculture and Rural Development targets an export value of over $44 billion for the year. The growth is driven by exports of products such as coffee, rubber, vegetables, pepper, cashew nuts, and wood products. Rubber exports in particular have seen a significant increase due to high demand from the Chinese market. The pepper industry is also expected to return to the 'billion-dollar club' due to increased demand and high prices. The cashew industry has also seen an increase in export value, despite a slight decrease in price. The last months of the year are expected to be opportune for fruit exports due to increased consumption demand.

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

Original content

The demand for agricultural products in the world is increasing in the context that the Covid-19 epidemic is under control, transportation is more convenient ... creating opportunities for Vietnam's agricultural exports to make a breakthrough. According to the General Statistics Office, exports in the agricultural sector grew well despite the Covid-19 epidemic. In the first nine months of 2021, the export value of the whole industry reached US$35.5 billion, up 17.7% over the same period in 2020. Therefore, in the October 2021 report, the Ministry of Agriculture and Rural Development (MARD) continues to set an export target of more than 44 billion USD for the whole year. According to the Ministry of Agriculture and Rural Development, in the first nine months of 2021, many products/product groups with increased export value such as coffee, rubber, vegetables, pepper, cashew nuts, blanket products farming, wood products; rattan, bamboo, sedge mat... In which, rubber, cashew nuts, ...

Source: Vinacas