The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development.
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
With steady export growth, Vietnamese farm produce is increasingly meeting market demand in terms of packaging, quality and food safety, which enhances its competitiveness and allows Vietnamese products to gain further access into the global supply chain.
Vietnamese companies invested over 416 million USD abroad in the first eight months of this year, up 5.2% year-on-year, the Foreign Investment Agency under the Ministry of Planning and Investment has reported.
Vietnam's total export-import turnover of agro-forestry and aquatic products in the eight months of this year was estimated at 59.69 billion USD, reported the Ministry of Agriculture and Rural Development.
Vietnam's aquatic and forestry exports are likely to rebound and realise the targets set for 2023 in the remaining months of the year, thanks to signs of gradual recovery from export markets.
Vietnam’s agro-forestry-aquatic product exports raked in 29.13 billion USD in the first seven months of 2023, while its imports reached 23.25 billion USD, resulting in a trade surplus of 5.88 billion USD, up 3.4% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
The value of Vietnam's agro-forestry-fishery export to the European Union (EU) market reached 2.1 billion USD in the first half of this year, down 16.6% year-on-year, according to the Ministry of Agriculture and Rural Development.
The State Bank of Vietnam (SBV) on July 19 issued a document guiding commercial banks to implement a credit package, worth 15 trillion VND (641 million USD), for businesses in the forestry and fishery sector.
The export of rice, fruit and vegetables to China and other markets posted a remarkable surge by 34.7% and 64.2%, respectively in the first half, said an official during a meeting of the Ministry of Agriculture and Rural Development (MARD) in Hanoi on July 19 to review the market situation and launch tasks for the coming quarters of this year.
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.
The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
Vietnam’s agro-forestry-aquatic product exports raked in 24.59 billion USD in the first six months of 2023, down 11.1% year on year while the country's imports reached 19.96 billion USD, resulting in a trade surplus of 4.63 billion USD, according to the Ministry of Agriculture and Rural Development (MARD).
The gross regional domestic product (GRDP) of Da Nang city in the first half of 2023 was estimated to increase by 3.74% year on year, according to the municipal Statistics Office.
Nestlé Vietnam in coordination with the Ministry of Agriculture and Rural Development (MARD) has launched a project on sustainable coffee farming under the agro-forestry model in Vietnam, aiming to plant more than 2.3 million trees by 2027.
In 2022, Vietnam had 14,790,075 ha of forest area, of which 10,134,082 ha were natural forests and 4,655,933 ha were planted ones, the Ministry of Agriculture and Rural Development announced in a decision on June 20.
Despite suffering a year-on-year decrease of 11.1% in the first five months of 2023, agro-forestry-aquatic product exports are expected to rebound in the remaining months of this year thanks to recovery momentum in main export markets, insiders said.
Despite a decrease of over 11% in agro-forestry-aquatic product exports in the first five months of 2023 compared to the same period last year, the rate of decline is gradually narrowing.
The Ministry of Agriculture and Rural Development (MARD) has sent a working group to China’s Guangxi and Yunnan provinces to seek measures to promote the trading of agro-forestry-fisheries products between Vietnam and China, one of the major export markets of Vietnam, said Deputy Minister Tran Thanh Nam.
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