In the first nine months of this year, Vietnam’s agricultural, forestry, and fishery exports totalled 52.31 billion USD, a 14% increase year-on-year, with a surplus of 15.93 billion USD, up 17.6%.
In 2024, the sector smashed records with a 17.9 billion USD trade surplus, soaring 46.8% from last year. That was a huge slice of Vietnam’s total 24.8 billion USD trade surplus, cementing its influence on Vietnam’s balance of trade.
Adopting circular practices is no longer optional but essential. This model, which reduces waste and reuses resources, is seen as vital to boosting productivity, protecting the environment, and improving farmers’ incomes.
As there is a finite area of agricultural production in Vietnam, experts suggest that attention must be focused on productivity, quality, and raw material zones linked to deep processing to achieve high-value agricultural products.
Vietnamese goods, especially farm produce, are expanding their presence in retail chains and supermarkets across Malaysia, including well-known ones, reflecting growing consumer preference for Vietnamese products, according to Trade Counsellor of Vietnam in Malaysia Le Phu Cuong.
Two tonnes of fresh Vietnamese lychees, meeting GlobalGAP standards, arrived at Charles de Gaulle airport in Paris on May 28, marking the first shipment of this year's crop.
China was the biggest buyer of Vietnam’s agro-forestry-fishery products in 2023, and it is expected to remain a promising market with numerous opportunities for Vietnamese farm produce to increase the market share and export value.
Experts at a conference in Ho Chi Minh City on December 6 stressed the need for both producers and exporters to change the mindset and approach to boost exports to China, a potential market for Vietnamese farm produce.
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.
The Ministry of Industry and Trade (MoIT) recommended on July 25 that Vietnamese companies be cautious and thoroughly negotiate payment clauses when conducting transactions with foreign firms, following a suspected scam involving five batches of Vietnamese farm produce in Dubai.
The export of Vietnamese fruits and vegetables is expected to continue to soar, considering a growth of 39% since early this year and strong increases in China's purchases.
Minister of Industry and Trade Nguyen Hong Dien received Indian Ambassador to Vietnam Sandeep Arya in Hanoi on February 14, during which Dien proposed that the Indian side speed up the opening of its market for Vietnamese farm produce and fresh fruits.
Vietnam’s export of agro-forestry-fisheries hit new records in 2022 amid fluctuations in the world market, said Minister of Agriculture and Rural Development Le Minh Hoan.
Thanks to the UK-Vietnam Free Trade Agreement (UKVFTA), Vietnam’s agro-forestry-fishery exports to the European nation now enjoy many advantages which, however, also come with several challenges.
Enterprises of Vietnam have been recommended to diversify markets, including nearby countries, to promote exports, which are bouncing back strongly but also facing certain headwinds.
The Ministry of Agriculture and Rural Development (MARD) and the Ministry of Foreign Affairs on February 15 evening held an online forum connecting Vietnamese entrepreneurs abroad so as to promote trade and investment in the agricultural sector.
Vietnam will have many more opportunities to export fruit and vegetables to potential markets in 2022, providing local producers meet international standards on quality and management of growing regions, according to the Ministry of Agriculture and Rural Development (MARD).
Consumers in Sydney in New South Wales state of Australia on September 19 had a chance to taste Vietnamese farm produce as part of the weekend farm produce fair.