Business

Agricultural production urged to keep up with market demand

The failure to keep up with market demand and underperforming trade promotional programmes are hindering the development of Vietnam’s agriculture.
Agricultural production urged to keep up with market demand ảnh 1Processing cashew nuts (Photo: VNA)

The failure to keep up with market demand and underperforming trade promotional programmes are hindering the development of Vietnam’s agriculture, as heard at a recent conference on agricultural product consumption in Ho Chi Minh City.

According to Nguyen Quoc Vong from the RMIT University (Australia), since Vietnam joined the World Trade Organisation (WTO) in 2007, the country has reaped remarkable achievements in boosting agricultural product export.

However, the sector will face difficulties as from 2015 when Vietnam began to enter more deeply in new, highly competitive markets through existing and under-negotiation free trade agreements (FTA) such as the ASEAN Economic Community (AEC), the European Union (EU) FTA and the Trans-Pacific-Partnership (TPP).

Vong said many members of these FTAS have a developed agricultural sector such as Thailand, the US, Japan and Australia, which put Vietnam at a disadvantage.

“Our weakness lies in the poor ability to forecast market demand, and we only produce what we can and want to produce. That is the reason why bumper harvest always results in dropping price,” said Vo Thi Thanh Loc from the Mekong Delta Development Research Institute.

Loc said localities should enlist specialists to study markets for local key products. She also suggested Vietnam support and attract enterprises to invest in the agricultural sector, as enterprises have more understanding of markets, helping increase quality, quantity and price of agricultural produce

The RMIT lecturer, Vong, went on to say that the Vietnamese Government has introduced several investment policies for the sector but famers have had little chance to benefit from those policies.

Chairwoman of the High Quality Vietnamese Products Business Association Vu Kim Hanh said promotional activities for agricultural product consumption and trade are still desultory and sporadic.

Delegations at the event suggested the government should develop more negotiation programmes on agricultural product consumption with other countries and promote national level technical barriers to protect the sector in the context of integration.-VNA

VNA
#farm produce #agricultural production #trade promotion #exports #foreign markets
Follow VietnamPlus

Related News

Global agriculture alliance crucial to Vietnam: Deputy Minister

Global agriculture alliance crucial to Vietnam: Deputy Minister

The establishment of the Global Alliance for Climate Smart Agriculture (GACSA) is a crucial initiative to assist developing countries like Vietnam in undertaking their green growth strategy, ensuring food and nutrition security, protecting the environment and adapting to climate change.

See more

Vietnamese manufacturers’ production capacity, product quality and reliability are helping strengthen their position in US retail supply chains (Illustrative image, Source: VNA)

US retailers widen sourcing drive in Vietnam

Despite tariff changes and major shifts in global supply chains, US buyers continue to value Vietnamese suppliers. In the first seven months of this year, the US remained Vietnam’s largest export market, with export turnover reaching 104.7 billion USD, up 23% year-on-year.

Vinachem affirms its position as a leading chemical enterprise at the Autumn Fair 2025 (Photo: VNA)

Vietnamese enterprises renew growth model to move up global value chains

The resolution identifies enterprises as the centre of the renewal process, urging them to shift from cost-based competition to productivity, technology, quality and market responsiveness; from operating independently to joining industrial ecosystems; and from participating in value chains to mastering and eventually leading them.

Key export sectors such as textiles – garments, footwear and furniture, along with many signature products of Da Nang, have strong potential to expand their markets through online export channels. (Photo: VNA)

Da Nang seeks to boost online exports

To help businesses go global, Da Nang is shifting from supporting individual online activities to developing an integrated ecosystem covering products, branding, platforms, payments, logistics, legal issues and market information. This is also part of the city’s e-commerce development orientation for 2026-2030, which identifies e-commerce as an important component of the digital economy.

Deputy Minister of Foreign Affairs Le Thi Thu Hang receives Rolf Mutzenich, a member of the Foreign Affairs Committee of the German Bundestag, in Hanoi on August 18. (Photo: baoquocte.vn)

Vietnam welcomes German firms’ expansion

Vietnam welcomes and stands ready to create favourable conditions for German businesses to expand their investment and operations in the country, particularly in infrastructure, smart seaports, renewable energy, high-speed railways, science and technology, and high-quality human resource training.

Khanh Hoa province has the largest sheep population in Vietnam, with around 100,000 individuals. (Photo: VNA)

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.

The proportion of Vietnamese goods remains high at supermarkets. (Photo: VNA)

Vietnamese brands win over domestic consumers to go global

Amid increasingly fierce global competition, the goal is no longer simply to increase domestic consumption of Vietnamese goods, but to develop strong Vietnamese brands capable of winning consumers through quality, innovation and added value, thereby creating a stepping stone for expansion into international markets.

Illustrative image (Photo: VNA)

Automated VAT refunds to be rolled out from December

As of August 11, VAT refunds rose 32% from a year earlier, reaching 64.4% of the full-year estimate. Tax authorities issued 11,627 refund decisions totaling 111.726 trillion VND (4.26 billion USD), up 9% by volume. The payouts improved cash flow for companies and supported production, trade and exports.

ST25 rice is the centrepiece of the Vietnam Goods Week at Selgros. (Photo: VNA)

ST25 rice officially enters Selgros wholesale supermarket chain in Germany

The placement of ST25 rice on Selgros shelves not only creates an additional opportunity for German consumers to access Vietnamese rice products, but also contributes to efforts to increase the added value of Vietnamese agricultural products by shifting the focus from volume to quality, branding and value.

Trains on the elevated section of the Cau Giay – Nhon route in Hanoi provide convenient transportation for local residents. (Photo: VNA)

Multimodal connectivity to drive Vietnam’s transport infrastructure

Under the proposed approach, roads would serve mainly as connectors and for first- and last-mile transport; railways would handle large volumes over long distances; maritime transport would serve import and export cargo; inland waterways would carry large volumes at low cost; and air transport would focus on fast delivery and high-value goods.