Agricultural exports set target of over US$42 billion by 2021

VCN - Closing a relatively successful year of 2020 in the context of difficulties, the entire agriculture, forestry and fishery sector is "ramping up" in 2021 towards a target of over US$42 billion.
Market still opens for organic agricultural exports Market still opens for organic agricultural exports
Seminar highlights development of value chain for agricultural exports Seminar highlights development of value chain for agricultural exports
EVFTA provides boost for agricultural exports to EU EVFTA provides boost for agricultural exports to EU
0758-4751-11-0732mg-3809
Promoting deep processing and clearing markets are important factors to promote the export of agricultural and aquatic products in the future. Photo: N. Thanh

Impressive exports in 2020

According to information from the Ministry of Agriculture and Rural Development, for the whole of 2020, the total export turnover of agriculture, forestry and fisheries will reach US$41.2 billion, up by 2.5% compared to 2019. The trade surplus of the whole industry is US$10.4 billion, up by 6.5% compared to 2019.

Looking at the above figures, Mr. Dao The Anh, Deputy Director of the Vietnam Academy of Agricultural Sciences was surprised, especially in the context of the Covid-19 pandemic.

Mr. Nguyen Thanh Son, Chairman of Vietnam Poultry Association, said that US$41.2 billion is an impressive number. The year is full of difficulties and challenges, but Vietnam's agricultural industry has two special highlights, which are the efforts in production in difficult times and a breakthrough in exports.

Mr. Hoang Van Tu, Representative of the Food and Agriculture Organization of the United Nations (FAO) in Vietnam, said that Vietnam increased the export turnover of agriculture, forestry and fishery while many other countries decreased, even some countries decreased by 30%. This is because Vietnam has controlled the Covid-19 pandemic, and at the same time it has a chance to occupy a market gap left by other countries.

“Vietnam can dominate and expand the export of agricultural, forestry and aquatic products to the world market. According to the FAO, while the whole world is in crisis and the supply chain is broken, Vietnam still maintains the export of essential agricultural products to the world, especially to Africa, China, Philippines and poor countries,” Mr. Tu said.

Responding to the question of why Vietnamese agriculture can achieve such impressive export results, according to Mr. Son, the Government, ministries and sectors, especially the Ministry of Agriculture and Rural Development, has timely guidance on crops, especially to promote deep processing. In addition, Vietnam has done a good job to remove market difficulties. A typical example is that in 2020, honey exports reached nearly US$58.2 million, this is an impressive number, although the export turnover of the livestock industry decreased by more than 48%.

“Another important factor, in 2020, Vietnam signed the Vietnam-EU Free Trade Agreement (EVFTA). For the first time, we have exported shipments to the EU market that is difficult to enjoy preferential treatment in the EVFTA. The EVFTA has opened many export opportunities for Vietnam's agriculture, forestry and fishery sector,” Mr. Son said.

Get momentum to reach the export turnover of more than US$42 billion

In 2021, Vietnam's agricultural, forestry and fishery exports have many opportunities, especially when Vietnam is increasingly participating in FTAs.

However, the difficulties and challenges are not small. That is the impact of diseases on humans, crops and animals, especially the Covid-19 pandemic. African swine fever takes a long time to handle and affects production and export as well as domestic consumption; climate change is becoming more a challenge, while unpredictable natural disasters, drought and saltwater intrusion are forecast to continue to have negative impacts on production. All of these factors require the whole industry to have timely responses and a long-term strategy to develop production and minimize damage.

The Ministry of Agriculture and Rural Development has determined that by 2021, the GDP growth rate of the whole sector will be 2.7-3%; the growth rate of production value of agriculture, forestry and fishery is 2.8 – 3.1%; the total export turnover of agriculture, forestry and fishery is over US$42 billion.

The whole industry will make efforts to make good use of FTAs, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EVFTA to promote the export of key agricultural products; negotiate to open the formal market for fresh fruit, vegetables and aquatic products to markets with high quality requirements.

“Maintain and sustainably develop the Chinese market; expand agricultural markets to additional structured economies with Vietnam such as Japan, South Korea, India, the EU, the Middle East, and Argentina; choose to bring suitable products to potential markets such as Russia, the Middle East, Africa, and ASEAN is also an important solution in terms of export markets in the coming year,” the representative of the Ministry of Agriculture and Rural Development said.

In order to be able to move towards the sustainable development of agricultural, forestry and fishery exports, according to Mr. Hoang Van Tu, one of the key points is product diversification and market diversification. Where there is a market, there will be consumers.

Agricultural exports target US$42 billion Agricultural exports target US$42 billion

VCN – In 2020, the agricultural sector is determined to face difficulties and new challenges, such asproduct ...

"In the long run, it is necessary to build the image and brand for Vietnamese agriculture towards sustainability, values and responsibility. If all agricultural products follow this direction, it will increasingly enhance the image and brand name on the world market,” Mr. Tu said.

By Thanh Nguyen/Kieu Oanh

Related News

Hai Phong Customs sets new record in revenue of VND70,000 billion

Hai Phong Customs sets new record in revenue of VND70,000 billion

VCN – Hai Phong Customs Department set a new record in budget collection in 2024 with more than VND70,000 billion
Agricultural exports in 2024 to exceed 60 billion USD?

Agricultural exports in 2024 to exceed 60 billion USD?

VCN - The agricultural sector has basically achieved and exceeded the set targets when the export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, up 19% over the same period in 2023, the trade surplus reached nearly 16.5 billion USD, up 52.8%. This year's agricultural exports are expected to exceed 60 billion USD if the export value in December reaches over 5 billion USD.
Tax sector exceeds revenue target 2024

Tax sector exceeds revenue target 2024

VCN – Currently, the revenue managed by the Tax sector has reached VND1,538,000 billion, exceeding the 2024 estimate. This positive result was said by the leader of the General Department of Taxation at the Finance Forum “Financial policies to promote aggregate demand for economic development”.
Hai Phong Customs achieves revenue target soon

Hai Phong Customs achieves revenue target soon

VCN – As of Hai Phong Customs Department has gained the revenue target for the whole year of 2024.

Latest News

Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.

More News

Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
EU issues 12 warnings against Việt Nam’s food and agricultural exports

EU issues 12 warnings against Việt Nam’s food and agricultural exports

The Việt Nam SPS Office has reported that some Vietnamese export products failed to meet the EU’s stringent standards.
Việt Nam to impose VAT on low-value express-imported goods

Việt Nam to impose VAT on low-value express-imported goods

Việt Nam will end a previous policy that exempted imported goods valued under VNĐ1 million (US$39.4) from taxes when shipped via express delivery.
Exchange rate risks need attention in near future

Exchange rate risks need attention in near future

VCN - Exchange rate developments in 2025 are considered to be quite complicated due to US policies related to trade and investment.
Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month

VCN - Data from the General Department of Vietnam Customs indicates a softening of both exports and imports in January 2025, relative to the same month in 2024.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
Market edges up slightly as liquidity remains low

Market edges up slightly as liquidity remains low

Market breadth remained positive, with 161 gainers outnumbering 144 decliners.
Business regulations must be trimmed for development of enterprises: Experts

Business regulations must be trimmed for development of enterprises: Experts

The General Statistics Office (GSO)'s socio-economic report for January 2025 reveals that while over 33,400 newly established or resumed businesses entered the market - marking a 15% increase compared to January 2024 - more than 58,300 businesses withdrew from the market, representing a growth of 8.1% on year.
Vietnam's agricultural product exports shine in 2024

Vietnam's agricultural product exports shine in 2024

The agricultural sector wrapped up 2024 with 62.4 billion USD in export turnover, marking an 18.5% increase against 2023, while achieving a record trade surplus of 18.6 billion USD, surging 53.1%.
Read More

Your care

Latest Most read
Việt Nam’s durian exports to China plummet by 80%

Việt Nam’s durian exports to China plummet by 80%

This sharp decline has had a direct impact on Việt Nam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
Coconut exports reach 14-year high

Coconut exports reach 14-year high

In 2024, fresh coconut and coconut product exports surpassed US$1 billion, marking the highest figure in the past 14 years.
Shrimp exports grow in the first month of 2025

Shrimp exports grow in the first month of 2025

According to data from the Việt Nam Association of Seafood Exporters and Producers (VASEP), shrimp products recorded a 13 per cent increase in export value in January 2025, reaching a total of $273.3 million.
Rice export prices drop, but decline expected to be short-term

Rice export prices drop, but decline expected to be short-term

Việt Nam’s rice export prices have declined, reaching their lowest level in three years.
Key agro products expected to maintain export growth this year

Key agro products expected to maintain export growth this year

At present, agricultural exports, such as rice, coffee and seafood, have steadily secured a stable place in major global markets.
Mobile Version