Vietnam: Agriculture wins big

Published Mar 5, 2021

Tridge summary

Despite the impact of COVID-19, Vietnam's agricultural sector experienced an 11.2% increase in export turnover in the first two months of 2021, reaching 3.78 billion USD. This includes a 0.7% increase in seafood exports, a 14.6% increase in vegetable and fruit exports, a 21.5% increase in cashew nut exports, and a 78.2% increase in cassava and cassava product exports. Rubber exports saw the most significant increase, with a volume increase of 89.9% and a value increase of 109.7%. The Prime Minister emphasized the sector's success and stated that the export of agriculture, forestry, and fishery in 2020 reached 41.2 billion USD. The government aims to increase this to 60-62 billion USD by 2030. The sector has shifted its focus from quantity to quality and added value, with rice exports showing success in this strategy.

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

Original content

Despite the impact from the COVID-19 epidemic, the agricultural sector continued to broadcast good news right in the beginning of 2021. Data from the Ministry of Industry and Trade showed that in the first 2 months of the year, export turnover of agricultural, forestry and aquatic products production was estimated at 3.78 billion USD, up 11.2% over the same period in 2020. Of which, seafood export turnover reached 1.01 billion USD, up 0.7%; followed by vegetables and fruits with 610 million USD, up 14.6%; Cashew nut export turnover also increased by 21.5%; Cassava and cassava products rose 78.2%. In particular, rubber exports increased strongly by 89.9% in volume and 109.7% in value compared to the first 2 months of 2020, reaching 320 thousand tons, worth $ 516 million. Meanwhile, tea exports decreased by 1.6% in volume but increased by 9.7% in value. The export turnover of the agricultural sector grew strongly in the first 2 months of the year At the regular Government meeting in ...

Source: Vinacas