PM sets ambitious target for agricultural sector
Rice is one of the major hard currency earners of Vietnam in 2020 despite the impact of the COVID-19 pandemic. (photo: vneconomy.vn) |
Addressing a review meeting in Hanoi on Dec. 24, Phuc noted that despite numerous difficulties in 2020, agricultural production remain a key pillar of the national economy.
In the context of the COVID-19 pandemic, Vietnam has not only ensured its national food security but also exported large volumes of farm produce abroad, said the PM, adding that Vietnamese rice has beat Thai and Indian rice, topping the world in terms of the price.
In 2020 the agricultural sector secured an overall growth rate of 2.65%. It earned more than US$41 billion from exports, up 2.5% compared to the previous year. Notably, five staples bagged US$3 billion from exports each, of which timber brought back over US$12.8 billion, shrimp US$3.66 billion, vegetables and fruits US$3.35 billion, cashew nuts US$3.24 billion and rice US$3.07 billion.
The PM expected that the sector would accelerate its restructuring to obtain at least US$44 billion from exports in 2021. To this end, he asked the sector to turn ‘risk’ into opportunity’
“The risk here is the climatic extreme, but we have the experience of dealing with natural disasters. On the other hand, the door is wide open for us when we have participated in 14 new generation free trade agreements,” said Phuc.
The PM also suggested that localities and agricultural producers pay more attention to the domestic market, offering high quality products and meeting food safety regulations.
Related News
PM requests to continue improving efficiency of digital transformation in customs
10:39 | 22/04/2024 Customs
Prime Minister: State-owned enterprises continue to lead, pave the way, and pioneer in innovation
10:18 | 09/03/2024 Headlines
The Prime Minister instructed state-owned enterprises to exceed assigned business targets
11:39 | 01/03/2024 Headlines
Accelerate agricultural and food exports through digital trade promotion
09:51 | 18/12/2023 Import-Export
Latest News
Government’s action programme cracks down on illegal fishing
13:53 | 23/04/2024 Headlines
PM calls on ASEAN to pen strategic development vision
13:50 | 23/04/2024 Headlines
Forum to discuss new initiatives on ASEAN future vision: Deputy FM
15:13 | 22/04/2024 Headlines
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
More News
Green transformation and ESG practice to participate in the global competition
18:11 | 21/04/2024 Headlines
Factors influencing Vietnam’s FMCG market
18:06 | 21/04/2024 Headlines
Shrimp exports to major markets bounce back
17:57 | 21/04/2024 Headlines
Quang Ninh aims to become international tourism hub
17:56 | 21/04/2024 Headlines
Measures sought to boost Vietnam - Russia digital economic cooperation
17:43 | 20/04/2024 Headlines
Vietnam becomes biggest rice supplier for Singapore
17:39 | 20/04/2024 Headlines
New fulcrums for economic growth
13:28 | 20/04/2024 Headlines
Opportunity for a high open economy like Vietnam
15:56 | 19/04/2024 Headlines
Cooperation with Vietnam among EU’s priorities in Indo-Pacific: official
15:55 | 19/04/2024 Headlines
Your care
Government’s action programme cracks down on illegal fishing
13:53 | 23/04/2024 Headlines
PM calls on ASEAN to pen strategic development vision
13:50 | 23/04/2024 Headlines
Forum to discuss new initiatives on ASEAN future vision: Deputy FM
15:13 | 22/04/2024 Headlines
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Green transformation and ESG practice to participate in the global competition
18:11 | 21/04/2024 Headlines