The agro-forestry-fishery sector raked in an estimate 3.64 billion USD from exports in August, raising the total value in the first eight months of the year to 26.6 billion USD.
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.
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.
The whole agricultural sector has maintained relatively good growth in the first half of 2019 despite a number of difficulties, especially the African swine fever epidemic, which has left a heavy impact on domestic animal husbandry.
Export revenues of agro-forestry-fishery products in April is estimated to hit 3.5 billion USD, pushing the figure in the first four months of this year to 12.4 billion USD, equivalent to the figure recorded in the same period last year, reported the Ministry of Agriculture and Rural Development.
The Government has requested ministries, departments and localities to push ahead with economic restructuring towards efficiency and science-technology innovation in 2019.
Vietnam’s exports of wood and timber products in the first quarter of this year reached 2.3 billion USD, up 15.6 percent year-on-year, the Ministry of Agriculture and Rural Development reported.
Agro-forestry-fishery exports in March were estimated at 3.3 bln USD, bringing the total export value of the sector in Q1/ 2019 to 8.8 bln USD, down 2.9% compared to the same period last year.
Agro-forestry-fishery exports are estimated to have yielded 8.8 billion USD in the year’s first quarter, a year-on-year fall of 2.9 percent, the Ministry of Agriculture and Rural Development has said.
The trade ministry said the export of agro-forestry-fishery products faced numerous difficulties in the first months of 2019 due to oversupply and declines in some commodities' prices.
Vietnam’s agro-forestry-fishery exports in February hit 1.93 billion USD, bringing the figure in the first two months of this year to 5.5 billion USD, a decrease of 1.6 percent year-on-year, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s forestry product export is expected to reach 9.3 billion USD this year, according to the Ministry of Agriculture and Rural Development’s Vietnam Administration of Forestry (VAF).
Vietnam earned about 29.54 billion USD from agro-forestry-fishery exports between January and September, up 9.3 percent from the same period of 2017 and equivalent to 73 percent of this year’s target.
Ho Chi Minh City’s exports in the first eight months of 2018 hit 24.6 billion USD, an increase of 6 percent from the same period last year, reported the municipal Department of Industry and Trade on September 4.
The agro-forestry-fishery sector raked in 3.13 billion USD from exports in August, raising the total value in the first eight months of this year to 25.7 billion USD, up 7.3 percent year-on-year.