Vietnam’s agricultural export value set target of 40 billion USD in 2018

Of the sum, foreign direct investment (IDI) businesses(excluding crude oil ones) contributed 7.45 billion USD, up 24.5 percentagainst the same time last year. October’s figure helpedraise export value during the January-October period to nearly 108billion USD, a year-on-year increase of 15.2 percent, with FDIbusinesses making up 66 billion USD. The ministry attributedthe achievements to the sustained growth rate of industrial products,especially phones, computers and electronic components. InOctober alone, the country recorded a trade deficit of 200 million USD,equivalent to 1.71 percent of the total export revenue. During the first ten months of this year, the trade deficit was187million USD, accounting…... [read more]

Illustrative image (Source : VNA)Hanoi (VNA) – The agricultural and rural development sector expects to gain 39-40 billion USD in total farming, forestry and fishery products by 2020, according to officials. Also, experts anticipate a growth rate of 3 percent in the sector's gross domestic product (GDP) by 2020, according to the Ministry of Agriculture and Rural Development (MARD).Minister of Agriculture and Rural Development Cao Duc Phat said that the sector aims for an export turnover of 31 billion USD and a GDP growth rate at 3-3.5 percent this year.To gain its target this year and beyond, the domestic agricultural…... [read more]

Agriculture sector targets 33 billion USD from exports in 2017 (Source: VNA)  Hanoi (VNA) – The agriculture sectorwill have to make greater efforts to fulfil three major targets set for thisyear with responsibility given to leaders of each units.Minister of Agriculture and Rural DevelopmentNguyen Xuan Cuong made the affirmation at a conference in Hanoi on June 30 toreview the sector’s performances in the first half of this year and lay out orientationsfor the second half.The targets include a growth rate of 3.05percent, 33 billion USD in export turnover of agro-forestry-aquatic products,and 31 percent of the country’s communes nationwide meeting the…... [read more]

The major farming products saw thelargest export value growth at 36.6 percent to 12.3 billion USD.Following that, the fisheries export value grew 24.9 percent to 5.6billion USD and then the forestry export value at 14.2 percent to 3.8billion USD. China was the largest export market forVietnamese farming, forestry and fishery produce, reaching 4.56 billionUSD in value. The second largest was the US with a total exportvalue at 3.32 billion USD. Nguyen Viet Chien, director theministry's Information and Statistics Centre, said the positive outlookin the domestic and world markets contributed to the strong growth inexport value of these products. While the…... [read more]

Vietnam’s export turnover is likely to hit 195 billion USD this year, up 10-11 percent compared with 2016 and 6-7 percent higher than the target set by the Prime Minister, according to the Ministry of Industry and Trade (MoIT)’s Export-Import Department. Workers process squid and octopus for export to Japan at the Quang Ninh Sea Product Import-Export Company in Ha Long city The department said the country’s export revenue in the first six months of this year stood at 97.78 billion USD, representing a year-on-year rise of 18.9 percent. The accumulated export-import turnover in the first half was close to…... [read more]

Purchasing rice in Dong Thap (Source: VNA) Hanoi (VNA) – The Ministry ofIndustry and Trade (MoIT) has forecast that Vietnam’s exports to the US willhit 40 billion USD this year, according to the Industry and Trade newspaper. In the first half of the year, the figurereached 19.6 billion USD, up 9.5 percent annually but lower than the 12.8percent growth last year, partly due to the US’s slower economic growth. Statistics from the US’s International TradeCommission showed that in January-May, Vietnam ranked second among countries interms of export growth to the US, accounting for 8.9 percent, behind Ireland (up22 percent) and India…... [read more]

Of the total figure, farm produceexports were valued at 1.87 billion USD, down 5.3 percent, seafoodexports generated 907 million USD, an annual decline of 9.4 percent, andonly forestry product exports saw an increase of 7.9 percent to 989million USD, according to the Ministry of Agriculture and RuralDevelopment. In February, 200,000 tonnes of ricewere shipped abroad, bringing the total figure in the first two monthsto 526,000 tonnes valued at 243 million USD, down 33.1 percent in volumeand 34 percent in value. The country sawJanuary-February annual decreases of 25 percent in volume and 16.4percent in value in coffee exports, or 242,000 tonnes…... [read more]

Illustrative image (Photo: VNA)Hanoi (VNA) – Fruit-vegetable exports in 11 months of 2016 earned 2.178billion USD, according to the Ministry of Agriculture and Rural Development(MARD).TheMARD said the value for November alone was 186 million USD.Chinais the largest market for Vietnamese vegetables and fruits, accounting for 70.4percent, followed by the Republic of Korea with 3.6 percent, the United States3.4 percent, and Japan 3.1 percent.In theperiod, Vietnam spent 814 million USD on imported vegetables and fruits, up 44percent against the same period last year. Thailandis the largest exporter of fruit to Vietnam, making up 44 percent of thecountry’s total import of the…... [read more]

To reach the goal, the city has steered businesses tofocus on shipping industrial and processed goods with high added value.The businesses are also advised to strengthen theirpresence in big markets in Europe, the America, and Asia, while seekingnew potential outlets in Africa and Oceania. In 2014, excluding crude oil, the City’s export revenues reached 27.8 billion USD, up 12 percent from 2013. In the first month of 2015, it raked in over 2 billion USD fromoverseas shipments, a 9.1 percent increase year on year.-VNA... [read more]

Cashew processing (Source :VNA)HCM City (VNA) - The Vietnamese cashew sector expects to pocket 2.5 billion USD from exports in 2015. At the seventh International Cashew Conference - Vietnam 2015 held in Ho Chi Minh City on November 23, Vietnam Cashew Association (Vinacas) Chairman Nguyen Duc Thanh said that most major agricultural products are seeing declines, but this sector has enjoyed high growth.Vietnam will continue to maintain its market share of over 50 percent of the globe’s cashew nuts. It is also the 10th consecutive year the country has topped the world’s cashew exporters list, Thanh added.In the first 10…... [read more]