Vietnam raked in an estimated 6.42 billion USD from forestry product exports in the first half of 2023, down 28.8% year on year, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.
In 2024, the agricultural sector stepped up trade promotion and the analysis of foreign markets so as to align domestic production with their requirements and standards.
Vietnam recorded a trade surplus of 16.46 billion USD in agricultural, forestry, and aquatic products during the first 11 months of 2024, soaring 52.8% year on year, reported the Ministry of Agriculture and Rural Development.
The Ministry of Agriculture and Rural Development (MARD) has set a target of reaching a stable national forest cover rate of 42-43%, focusing on improving forest quality by 2030.
Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.
The southern province of Dong Nai is striving to nearly double its yearly export turnover of forestry products to 2.5 billion USD by 2025, and 2.8 billion USD by 2030.
Vietnam has recorded an estimated agro-forestry-fishery trade surplus of 8.28 billion USD during the first half of 2024, surging 62.4% year on year, said the Ministry of Agriculture and Rural Development (MARD).
Export enterprises must make reasonable adjustments and diversify their export products based on the specific demands of each market, and seek to take advantage of free trade agreements and explore new markets in order to compensate for drops in farm product exports to existing markets, said Minister of Agriculture and Rural Development Le Minh Hoan.
The agro-forestry-fishery export turnover reached 6.28 billion USD in the first two months of 2023, a drop of 22.5% year on year, according to the Ministry of Agriculture and Rural Development (MARD).
Agro-forestry-fishery exports stood at about 49.04 billion USD in the first 11 months of 2022, higher than last year’s record of 48.6 billion USD, the Ministry of Agriculture and Rural Development (MARD) said.
The export value of forestry products in July dropped by 5.5% from the previous month to 1.41 billion USD, also down 1.6% from the same period last year, according to the Forestry Department under the Ministry of Agriculture and Rural Development.
Export turnover of agricultural, forest and fishery products in Vietnam reached a record high of 48.6 billion USD in 2021, an increase of nearly 15 per cent compared to 2020.
Vietnam’s export turnover is estimated at 27.3 billion USD in October, bringing the figure in the first ten months of 2021 to 267.9 billion USD, up 16.6 percent against the same period last year, Government data showed.
Vietnam enjoyed a year-on-year rise of 13.1 percent in the export revenue of agro-forestry-fisheries products in the first 10 months of 2021 to nearly 38.75 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).
The agricultural sector remained a pillar of the country’s economy, bringing in 35.5 billion USD from the export of agro-forestry-fishery products in the fist nine months of this year, a 17.7 percent increase compared to the same period in 2020, according to the Ministry of Agriculture and Rural Development.
The Vietnamese wood manufacturing and processing industry needs to be more cautious to show other countries that Vietnam is moving towards transparent trade and is a reliable partner.
The import-export value of agro-forestry-fisheries products in the first four months of 2021 stood at about 32.07 billion USD, with exports estimated at 17.15 billion USD, a 24.2 percent increase year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported.
Vietnam exported 10.61 billion USD worth of agricultural, forestry and fishery products in the first quarter of 2021, up 19.7 percent compared to the same period last year.
