Lancang-Mekong Comprehensive Information Platform for Agriculture,Economy and Trade, Technology!
Lancang-Mekong Comprehensive Information Platform for Agriculture,Economy and Trade, Technology
The agricultural sector of Vietnam is confident in achieving the export target of 54-55 billion USD
Release Time: 2024-04-11Source: mard

Particularly, some groups of industries in Vietnam that experienced declines last year are now showing growth again.

Despite facing various challenges such as saline intrusion, diseases, and some exported batches being returned, the growth rate of the agro-forestry-fishery production value of Vietnam in the first quarter still reached 2.98%, the highest level recorded in many years.

All export commodity groups have increased, contributing to raising the total export turnover of the agricultural sector to 13.53 billion USD, up 21.8% over the same period last year. The trade surplus of the agricultural sector in the first quarter reached 3.36 billion USD, up 96.5%, accounting for 41.5% of the total trade surplus of the entire economy.

According to the statistics of the General Department of Customs of Vietnam until the end of the first quarter of 2024, the agricultural sector has 5 items with export turnover exceeding 1 billion USD, namely wood and wood products, coffee, aquatic products, rice, and fruits and vegetables.

According to Mr. Phung Duc Tien, Vietnamese Deputy Minister of Agriculture and Rural Development, the growth in the first quarter lays the groundwork for the entire sector to confidently achieve the export target of 54 - 55 billion USD this year.

The second quarter exports are forecasted to be even more dynamic than the first quarter, as many agricultural products, especially key fruits such as lychee, longan, mangoes, and dragon fruit, will enter the harvest season. Therefore, businesses are concentrating their efforts to prepare resources, promote trade, seek markets, and sign new contracts.

This year's second quarter agricultural sector of Vietnam aims for a growth rate of 2.9 - 3%, with exports reaching about 14 billion USD, higher than the results achieved in the first quarter.


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