Agro-forestry-aquatic products post one-billion-USD export value
During the first seven months of 2019, eight groups of agro-forestry-aquatic products posted export turnover of over one billion USD, making up 75% of the sector's total export value.
Officials of the Vietnamese Ministry of Agriculture and Rural Development (MARD) had a working session with representatives of the Chinese General Administration of Customs in Hanoi on June 18, discussing measures to boost bilateral trade of farm produce.
According to Chairman of the Vietnam Farmers' Association Thao Xuan Sung, the export ratio of raw agricultural products is still high with low quality and quantity of value chains.
The Government has issued a resolution detailing measures to encourage businesses investing in safe, effective and sustainable agricultural development.
The EU-Vietnam Free Trade Agreement (EVFTA) is seen as a comprehensive and high-quality trade pact that helps diversify export markets for products originating from Vietnam.
Over 11.4 trillion VND (491.3 million USD) was poured into 11 projects of agricultural product processing in the first half of 2019, according the Ministry of Agriculture and Rural Development.
Vietnam’s agro-forestry and fishery processing industry has bright prospects in both export and domestic markets, but needs further measures to tap its potential, according to the Agro Processing and Market Development Authority.
The EU-Vietnam Free Trade Agreement (EVFTA) not only opens the door wide for Vietnam's agro-forestry-aquaculture exports, but also promotes the country's agricultural sector to improve its competitiveness, according to experts.
The agro-forestry-fishery sector raked in 3.55 billion USD from exports in July, raising the total value in the first seven months of this year to 23.03 billion USD, up 2 percent year on year, the Ministry of Agriculture and Rural Development has reported.
