Vietnam’s agricultural sector posts record high growth in 2022

The Ministry of Agriculture and Rural Development on December 30 announced that the agricultural sector has achieved all goals set for this year, including a growth rate of 3.36%, a record for many recent years.
Vietnam’s agricultural sector posts record high growth in 2022 ảnh 1

Workers process shrimp for export in Coastal Fisheries Development Corporation in Ho Chi Minh City. (Photo: VNA)

Hanoi (VNA) – The Ministry of Agriculture and Rural Development on December30 announced that the agricultural sector has achieved all goals set for thisyear, including a growth rate of 3.36%, a record for many recent years.

Specifically, animal husbandry and cultivation grew 2.88%, fisheries by2.88%, and forestry 6.13%. Vietnam’s forest coverage reached 42.02% of the country's total area.

Morethan 73% of communes in the country met the criteria of new-style rural areas.

Theexport revenues of agro-forestry-fishery products reached a new record of 53.22billion USD, 9.3% higher than that of 2021, with atrade surplus of over 8.5 billion USD.

NguyenVan Viet, Director of the ministry’s Planning Department, said that theproduction structure of the industry continued to be adjusted moreappropriately and effectively in association with the market.

Theconsumption market of Vietnamese farming products continues to expand in bothcategories and products. The domestic market has received more attention while the Government and the sector made efforts to promptly remove trade barriers,boosting the exports of agricultural, forestry, and fishery products.

It is forecast that Vietnam’s economy willcontinue to face difficulties and challenges in 2023 such as inflationarypressure, a sharp increase in production costs, negative impacts of climatechange, changes in demand and new consumption patterns, and especially impactsfrom the Russia-Ukraine conflict.

In2023, the agriculture sector targets a growth rate of 3% and export revenue of 54billion USD.

It aims to have 78% of communes and at least 270 districts nationwide recognised as new-style ruralareas./. 

VNA

See more

Professor Tao Yitao, Director of the China Centre for Special Economic Zone Research (Photo: VNA)

Stable beginnings, powerful breakthroughs for Vietnam’s private economic sector

Vietnam is now at a critical juncture in pursuing what its leadership has described as a new era of national rise. In the long term, the development of the private economic sector will depend not only on supportive policies but also on a stable, transparent institutional environment that guarantees fair competition, said Professor Tao Yitao, Director of the China Centre for Special Economic Zone Research.

The trade policy review of Uruguay at the WTO headquarters. (Photo: VNA)

Vietnam participates in WTO review of Uruguay's trade policy

Vietnam also welcomed Uruguay's active engagement in the multilateral trading system as a founding member of the WTO. Uruguay has ratified the Agreement on Fisheries Subsidies, joined the Multi-Party Interim Appeal Arbitration Arrangement (MPIA), and contributed to Joint Statement Initiatives (JSIs) on e-commerce and micro, small and medium-sized enterprises (MSMEs).

Experts discuss cooperation opportunities in Vietnam-Germany manufacturing value chains at the forum. (Photo: VNA)

Vietnam-Germany cooperation creates new opportunities for sustainable manufacturing

Germany is an important partner of Vietnam and a global leader in green technology, smart manufacturing, automation and circular economy solutions. The combination of German technological expertise and Vietnam's manufacturing capabilities and strong commitment to transformation would create significant opportunities in green production, supporting industries, digital transformation, supply chain management and eco-industrial park development.

Businesses introduce Halal market products at the workshop. (Photo: VNA)

Da Nang businesses eye growth in booming global Halal market

Huynh Xuan Son, Deputy Director of the Da Nang Department of Industry and Trade, said the Halal market has emerged as a strategic destination for Vietnamese exporters amid persistent global economic uncertainties. Serving more than two billion consumers across over 110 countries and territories, the market offers significant opportunities for business expansion.

Vietnamese bananas are sold at an AEON supermarket in Japan. (Photo: VNA)

Vietnamese products promoted at AEON stores across Japan

Speaking at the opening ceremony, Deputy Minister of Industry and Trade Phan Thi Thang highlighted the significance of 2026, which marks a decade of cooperation between the ministry and AEON in organising Vietnam Week in Japan.

Growing demand for financing for infrastructure and green transition projects is driving Vietnam’s search for new sources of capital. In the photo: A section of Noi Bai – Lao Cai Expressway. (Photo: VNA)

Vietnam seeks to unlock capital for infrastructure, green transition

As Vietnam advances its sustainable growth agenda and commitment to achieving net-zero emissions by 2050, the need for long-term capital is rising rapidly. Experts say meeting these financing requirements will depend not only on expanding available resources but also on broadening funding sources and improving project financing models.

Private technology enterprises are increasingly viewed as a driving force at the heart of the innovation ecosystem. (Photo: VNA)

Vietnam pushes to develop world-class technology startups

Vietnam’s startup ecosystem now comprises roughly 4,000 startups, 208 investment funds, 84 incubators and more than 20 startup support centres. With an estimated valuation of 75 billion USD, the ecosystem has established most of the key foundations needed for long-term growth.