Vietnam earned 1.16 billion USD from agro-forestry and seafood exports in January, a rise of 16 percent compared to the same period last year thanks to a rise of prices in the world market.

According to the Agriculture and Rural Development Ministry, of the total value, farm produce constituted 636 million USD, fisheries, 235 million USD and forestry, 234 million USD.

Among agro products, rice exports brought in 161 million USD.

The Vietnam Food Association predicts that the rice export price will continue to rise due to a rice “fever” on the world market.

Added to this, the move by the Philippines to open continuous bidding on rice contracts will provide a good chance for Vietnamese exporters to increase export volume and value.

Meanwhile, the export of coffee, cashew nuts and rubber saw positive results with export values of 193 million USD, 88 million USD and 75 million USD, respectively.

For this year, the Ministry of Agriculture and Rural Development is targeting an agro-forestry and seafood export value of 16 billion USD, an increase of 15.4 percent over 2009./.