Vietnam’s agricultural sector saw record-breaking growth in 2024, with key exports such as rice, coffee, durian, and dragon fruit gaining traction in highly selective markets like the EU and the US. As a pillar of the economy, agriculture continued to improve living conditions of people nationwide.
Thailand’s agriculture sector is expected to record growth between 1.8% and 2.8% next year, helped by factors such as secure water resources, an improving economy and higher demand for farm produce in the global market, according to the Office of Agricultural Economics (OAE).
The agriculture sector in the Mekong Delta is undergoing a significant shift, transitioning from a focus on production to becoming an agricultural economy. This transformation emphasises depth over breadth and quality enhancements over sheer quantity. Agricultural products from the Delta are tipped to continue generating fresh highlights, collectively contributing to overall growth.
Prime Minister Pham Minh Chinh urged the agriculture and rural development sector to focus on innovation, speed up digital and green transformation and promoting the development of circular economy, knowledge economy, and sharing economy, towards realising the goal of ecological agriculture, modern rural areas and civilised farmers.
Philippine President Ferdinand Marcos Jr has said in order to help control consumer prices, the Government aims to increase domestic food production and promptly enhance the supply through imports. This means priority will be given to the development of the agriculture sector, which has long been neglected.
Logistics services are driving up added values of the domestic agriculture sector which has been developing quickly over the past years with an annual growth rate of 14-16%.
The agriculture sector remains determined to fulfill its set targets, focusing efforts on boosting exports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development, and agricultural restructuring in the second half of the year, heard a press conference on July 3 in Hanoi.
The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).
The northern province of Bac Giang will continue to restructure its agriculture sector from now to 2025, focusing on supporting and investing in hi-tech agriculture development, according to Vice Chairman of the provincial People’s Committee Le O Pich.
As a challenging 2021 comes to the end, the agricultural sector has overcome a host of difficulties posed by Covid-19 and surpassed many of its targets a month early, strengthening its role as a strong pillar of the country’s economy.
The agriculture sector became the economy's bright spot in the first seven months of this year, posting a trade surplus of 3.9 billion USD in the period.
Representatives of the agriculture sector of Vietnam and Australia have agreed to accelerate work to allow the import of more farm produce of each other at the recent third Vietnam – Australia agriculture forum.
The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
A host of measures have been suggested for the agriculture sector to reach the target of 40 billion USD in export revenue this year, given the impact of COVID-19 and now natural disasters.
