In 2024, agricultural, forestry and fishery exports will reach over 62 billion USD, an increase of over 18% compared to 2023. This figure is much higher than the target set at the beginning of the year of 55-57 billion USD.
Recognize positive results
Mr. Le Thanh Hoa, Deputy Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) said that 2024 is a breakthrough year for Vietnamese agriculture in both production and export. Production value increased by over 3.2%; agricultural, forestry and fishery export turnover is estimated at over 62 billion USD, an increase of over 18% compared to 2023. Notably, the trade surplus is estimated at 18.6 billion USD, an increase of 53.1%.
Among agricultural, forestry and fishery products, 11 items continued to maintain an export turnover value of over 1 billion USD. Of which, 7 items reached over 3 billion USD, including: Wood and wood products estimated at 16.1 billion USD; vegetables and fruits estimated at 7.1 billion USD; rice estimated at 5.7 billion USD; coffee estimated at 5.4 billion USD, cashew nuts at 4.3 billion USD; shrimp at 3.8 billion USD and rubber at 3.2 billion USD.
In particular, exports of vegetables, rice, coffee, cashew nuts and pepper all had double-digit growth. Of which, coffee increased by 56.9%, pepper increased by 53.3%, rubber increased by 24.6%, and rice increased by 10.6%.
According to Mr. Le Thanh Hoa, this result was achieved thanks to the positive contribution of Free Trade Agreements (FTAs), opening the market, reducing tariffs on many products to low or 0%. At the same time, negotiations to open the market and promote trade were also actively implemented by ministries and branches, helping agricultural products, especially Vietnamese fruits, to reach further and further.
Assessing the export situation in 2025, Mr. Nguyen Anh Phong, Deputy Director of the Institute of Policy and Strategy for Agricultural and Rural Development, commented: “Domestic agricultural production remains stable, and exports of agricultural products may grow well in the first quarter of 2025. The context given is that the world's demand for food imports is forecast to increase due to supply disruptions in many countries affected by armed conflicts and trade competition between major countries...”
Need to continue to assert position
To date, the United States has surpassed China to become Vietnam's largest agricultural, forestry and fishery export market, with China ranking second, followed by the EU, Japan, South Korea, etc.
However, in the Chinese market, Vietnam is among the 10 countries (territories) with the highest number of agricultural and food products warned. Of these, seafood, fruit juice (not including coffee, dairy products), and cakes of all kinds are warned the most.
Mr. Nong Duc Lai, Vietnam's Trade Counselor in the Chinese market, said that China is still Vietnam's second largest market, and there are still many opportunities for businesses to export products to this market of 1.4 billion people.
Therefore, businesses need to comply with regulations on quality standards, quarantine testing, packaging, traceability of the importing country... At the same time, focus on building brands, need human resources with professional knowledge, language proficiency, understanding of the importing country market...
Agreeing with the opinion, Mr. Le Van Thiet, Deputy Director of the Plant Protection Department (Ministry of Agriculture and Rural Development) said that many Vietnamese export products have now affirmed their brands in many major markets around the world. However, businesses need to avoid being subjective and negligent, but must be more serious from the production, processing to export stages.
“Finding and opening markets is difficult, maintaining markets will be even more difficult. If we do not try and let opportunities slip away, it will be very difficult to reopen them. Accordingly, businesses need to operate more systematically and professionally right from the production stage, ensuring traceability, packaging facilities... in accordance with the regulations of importing countries,” Mr. Thiet shared.
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