Export prospects of agricultural, forestry, and aquatic products in Vietnam

Published 2021년 1월 4일

Tridge summary

Despite the economic challenges of the epidemic, Vietnam's agricultural, forestry, and fishery (AFF) sector saw a 2.5% increase in export turnover in 2020, reaching 41.2 billion USD and accounting for over 15% of the country's total export earnings. The sector's trade surplus rose to 10.4 billion USD, with key exports including rice, vegetables, coffee, cashew, rubber, wood and wood products, aquatic products. The Ministry of Agriculture and Rural Development aims to boost AFF exports to 50-51 billion USD by 2025 and 60-62 billion USD by 2030, with a focus on quality, brand development, and increasing the percentage of products with national brands and traceability. The sector targets a growth rate of 6-8% per year in terms of export value and aims to process 60% of export value through deep processing.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"Bright spot" in the middle of the epidemic season If in 2019, the export turnover (export) of agriculture, forestry and fishery (AFF) reached 40.55 billion USD, an increase of about 1.32% compared to 2018, contributing about over 15%. Vietnam's export value, in 2020, the export turnover of AFF has reached 41.2 billion USD, up 2.5% compared to 2019. The trade surplus of the whole industry reached 10.4 billion USD, up 6.5%. compared with 2019. In the difficult situation, the agricultural sector continues to assert itself as the foundation of the economy. Currently, Vietnam ranks 16th in the world in terms of export turnover of AFF products, with some main items with annual export turnover of over US $ 1 billion are rice, vegetables, coffee, cashew, rubber, wood and wood products, aquatic products (shrimp and pangasius). By 2020, the entire agricultural sector will continue to maintain 9 commodity groups with an export turnover of over 1 billion USD, of which 5 items with a turnover ...
Source: CafeF

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.