Vietnam is raising the target of exporting agricultural, forestry and fishery products to 45 billion USD

Published Jul 8, 2021

Tridge summary

The Ministry of Agriculture and Rural Development in Vietnam has set a new target for agricultural exports at about 45 billion USD for 2021, due to positive trends in the export of agro-forestry-fishery products. This is higher than the government's allocated target of 3 billion USD. The first half of the year saw increased exports of various products such as rubber, cashew nuts, cassava, timber, rattan, bamboo, and shrimp, despite challenges like the COVID-19 pandemic and pressure at border gates. The country plans to expand its agricultural market to economies with complementary product structures and negotiate to remove trade and technical barriers. The article also highlights the need to address new barriers in export markets due to the COVID-19 pandemic and increase in production and logistics costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With good signals about the export of agro-forestry-fishery products over the past time, the Ministry of Agriculture and Rural Development has set a new target of about 45 billion USD this year, higher than the target of 3 billion USD allocated by the Government. USD. Contributing to the export success of agricultural, forestry and fishery products in the first 6 months of the year, there were products with high export turnover such as rubber, tea, pepper, cashew nuts, vegetables, fruits, cassava and products from cassava, timber. and wood products, rattan, bamboo, sedge mats... Typically, rubber increased by 41.3% in volume and 80% in value; cashew nuts increased by 22.2% in volume and 11.1% in value; cassava and cassava products increased by 16.3% in volume and 30.5% in value. Particularly for pepper, although the export volume decreased by 6.7%, thanks to the increase in export prices, the export value still increased by 40.5% and reached 499 million USD. Other items increased ...
Source: Vinacas

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