Vietnam: Agricultural sectors see trade surplus in first nine months of this year, despite COVID-19 restrictions

Vietnam's agricultural, forestry, and fishery trade value has seen a significant increase of 27.9% in the first nine months of 2021, amounting to $67.7 billion. This surge is reflected in the growth of both exports and imports, with exports reaching $35.5 billion, a 17.7% increase, and imports reaching $32.2 billion, a 41.6% increase. The primary contributors to exports were farm produce, forestry products, and fisheries products, with notable growth in key commodities such as coffee, rubber, and livestock products. The US, China, Japan, and South Korea emerged as the leading markets. Despite the challenges of the pandemic, the agricultural sector is on track to achieve its $44 billion export value target for the year. Additionally, the ministry is implementing measures to ensure market development, facilitate trade, and provide support to key sectors to achieve a 2.8% growth rate for the industry in 2021. This includes strategies for production, pandemic control, food supply, market promotion, and international trade promotion, with a focus on e-commerce and customs clearance to support agricultural exports.