​Reason for the highest GDP growth of agriculture in 13 years?

VCN - In the first quarter of 2018, while the cultivation sector has shown many bright signals contributing to the GDP growth rate of 4.05% of agriculture, forestry and fishery products has shown a recession with a growth rate lower than the assigned plan.
reason for the highest gdp growth of agriculture in 13 years Agricultural exports flourish in first months of 2018
reason for the highest gdp growth of agriculture in 13 years Vietnam eyes US$21 billion in cultivation exports in 2018
reason for the highest gdp growth of agriculture in 13 years Agriculture industry aims for US$40 billion export target
reason for the highest gdp growth of agriculture in 13 years
The export of agricultural, forestry and fishery products in the first quarter increased by 9% over the same period last year.

According to the General Statistics Office (GSO), in the first quarter of 2018, the GDP growth rate of agriculture, forestry and fishery rose by 4.05%, the highest rate in 13 years.

According to the report from Ministry of Agriculture and Rural Development (MARD), in the first three months of 2018, the total export turnover of agriculture, forestry and fishery was estimated at US$ 8.7 billion, up 9.6% against same period last year and reaching 21.4% of the target in 2018.

A representative from MARD said that cultivation has shown many bright signals, contributing with a high growth rate of 5.16%, thereby creating motivation for the sector to gain a high growth rate in the first quarter.

Specifically about rice product, at the end of the first quarter the country’s rice output was estimated at about 11.18 million tons, up 571.600 tons over the same period last year (a increase of 5.4%). Notably, the export price of rice tends to increase thanks to the quality of Vietnam rice (in 2017, in the structure of exported rice, 81% was high quality rice). It is forecast that Vietnam will be able to export 6.5 million tons of rice this year.

Along with rice, some perennial industrial plants and fruit trees have been harvested and produced a higher productivity than last year. Specifically, the cashew was estimated at 201,000 tons, up 30%; pepper was estimated at 76.300 tons, up 9.8%; mango was estimated at 194, 800 tons, up 6.9%; and orange and tangerine were estimated at 284,000 tons, up 4%.

In particular, in this year, lychee and longan bloomed 95%, which promises a bumper harvest. MARD is assigning the Department of Agro-product Processing and Market Development to coordinate with localities to promote the consumption of lychee and longan to ensure stable and efficient output.

Apart from cultivation, in the first quarter, fishery and forestry also achieved good growth rates, reaching the set plan. Total fishery output was estimated at 1.38 million tons, up 4.9% over the same period last year. Currently, MARD is coordinating with local authorities to guide fishermen to strictly abide by regulations on fishing and origin of seafood to promptly solve the "yellow card" problem of the EU.

Contrary to the positive growth situation mentioned above, in the first quarter of the year, animal husbandry was the only sector failing to reach the growth rate under the assigned plan.

In the first three months of the year, there were 2 long and severe cold periods, during which 7,594 livestock and poultry died. In addition, the situation of pig husbandry was not good because the price was still low with many small households maintaining husbandry with small quantities of livestock in cages. However, many large poultry farms have expanded their scale of production by applying advanced technology. Enterprises have invested in expanding modern processing lines and diversifying products to promote export.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong remarked that the "picture" of the agricultural sector in the first quarter was very positive, especially the high growth rate of the sector, creating the premise for the following quarters as well as the implementation of the assigned targets in 2018.

reason for the highest gdp growth of agriculture in 13 years Agricultural sector looks to surpass assigned targets

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has said the ministry will strive to ...

In the coming time, Minister Nguyen Xuan Cuong requested leaders of units under the Ministry to strictly cut business conditions and simplify procedures. In this April, units under the Ministry must focus on reducing the list of goods subject to specialized inspection and simplifying the specialized inspection procedures; At the same time, promptly completing the Decree amending the relevant Decrees on business investment conditions.

In order to contribute to the country's overall growth target of 6.5-6.7%, this year MARD strives to reach a GDP growth rate of at least 3.0%, an export turnover of US$ 40 -40.55 billion, and 39.8% of communes which are recognized as new rural standards and forest cover rate of 41.65%.

MARD will continue to review the planning and evaluate the advantages and potentials to develop a three-axis product structure that is consistent with the market demand and climate change: National key product groups; Provincial product groups and village / commune specialties for specific guidance; At the same time, focusing on developing markets for timely and effective consumption of agricultural products. In particular, in 2018, the sector will focus on the development of agricultural, forestry and fishery processing, especially processing of vegetables and fruits and animal products (chicken and pig), for the domestic market and export.

By Thanh Nguyen/ Huyen Trang

Related News

Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.

Latest News

Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.

More News

Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Pepper prices continue increase trend

Pepper prices continue increase trend

Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks

Find ways to a corporation for businesses in industrial parks

VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Export turnover of two agricultural product groups grows three-digit

Export turnover of two agricultural product groups grows three-digit

VCN – In March, the export turnover of agricultural product groups grows three-digit compared with the previous month.
Read More

Your care

Latest Most read
Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - According to experts, in value chain links, agricultural cooperatives both play a role in promoting links between farmer households through collective economic activities to organize production and promote vertical linkages with businesses along the
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN - According to the latest statistics of the General Department of Customs, the import-export turnover between Vietnam and China in March reached US$ 16.32 billion, including Vietnam's exports achieved US$5.15 billion, imports reached US$11.17 billion.
Mobile Version