Farm exports expect breakthrough
Processing cashew nuts for export (Photo: VNA)
Vietnam's export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.
In January, the export turnover hit 5.14 billion USD, up 79.2% year-on-year, with increases reported in almost all commodity groups.
According to Vice General Director of Vina T & T Co., Ltd, Nguyen Dinh Muoi, 2024 could be a breakthrough year for the fruit sector now that various products have received good signals from major markets such as Japan, the US, Australia, China, and the EU.
It is noteworthy that the potential of most of these markets is very large, and their doors are wide open for Vietnamese fruits, he added.
Similarly, rice is also forecast to have a successful year. Right from the beginning of 2024, many rice exporters have received orders.
Chairman of the Board of Directors of Trung An High-Tech Agriculture Joint Stock Company Pham Thai Binh said that the price of Vietnam's 5% broken rice is currently no less than 700 USD per tonne.
Illustrative image (Photo: VNA)
In 2024, the country's rice export volume may be at least the same as in 2023, but the value is certainly 15% to 20% higher. Therefore, the export turnover may surpass 5 billion USD this year, higher than the 4.8 billion USD recorded last year, said Binh.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien stated that the sector has set a target of earning 54-55 billion USD from agricultural exports this year.
To promote the export of agricultural products and maintain a strong and sustainable position in import markets, the ministry will work with businesses to well monitor and manage the production process, issue planting area codes, and take measures to meet requirements of major markets.
It will also analyse the market to have specific strategies for each period and each industry, and closely follow major import markets, such as China, the US, Japan, and the EU to promote exports and exploit new and potential markets like Islamic countries, the Middle East, and Africa, Tien emphasised./.
Related News
Latest News
India as main market for Vietnamese star anise exports
17:58 | 12/05/2024 Import-Export
Domestic auto market shows signs of recovery
17:57 | 12/05/2024 Import-Export
Businesses must fully understand the new EU import control regulations
08:17 | 12/05/2024 Import-Export
Responding to the market, export enterprises are willing to spend more on "green practices"
17:52 | 11/05/2024 Import-Export
More News
Cai Mep port authorised to receive super container ships
17:51 | 11/05/2024 Import-Export
The new race in developing green and smart industrial parks
10:07 | 11/05/2024 Import-Export
What to do to develop Vietnam's creative economy?
10:06 | 11/05/2024 Headlines
Take advantage of opportunities from American "eagles"
14:59 | 10/05/2024 Import-Export
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country
14:58 | 10/05/2024 Import-Export
Strong recovery seen in industrial production in four months
14:52 | 10/05/2024 Import-Export
"The key" to promote growth for businesses
10:23 | 10/05/2024 Import-Export
An Giang Province to turn textile-garment, footwear into key export items
14:48 | 09/05/2024 Import-Export
“Hopeful stars" for businesses on the new journey
09:51 | 09/05/2024 Import-Export
Your care
India as main market for Vietnamese star anise exports
17:58 | 12/05/2024 Import-Export
Domestic auto market shows signs of recovery
17:57 | 12/05/2024 Import-Export
Businesses must fully understand the new EU import control regulations
08:17 | 12/05/2024 Import-Export
Responding to the market, export enterprises are willing to spend more on "green practices"
17:52 | 11/05/2024 Import-Export
Cai Mep port authorised to receive super container ships
17:51 | 11/05/2024 Import-Export