Agro-forestry-fisheries export up despite tepid demand
The agro-forestry-fisheries sector is forecast to bring home US$30.8 billion from export this year, up 11.2% from 2013 despite lacklustre demand in markets all over the world.
The sector also posts an estimated US$9.5 billion in trade surplus, a rise of 7.7%, according to the Ministry of Agriculture and Rural Development.
Seafood is predicted to rake in US$7.92 billion, marking a yearly growth of 18.4% with the US making up 21.81% of the total export value, becoming the leading seafood importer of Vietnam.
Wood and wooden products enjoy an expansion of 11.1% in earnings with US$6.2 billion. The US, China and Japan are the biggest buyers who account for 66% of the total sales abroad.
During the year, an estimated 1.73 million tonnes of coffee are sold for US$3.62 billion, up 33.4% in volume and 33.2% in value, mostly going to Germany and the US.
Higher revenues are also reported by exporters of vegetables (US$1.47 billion, up 34.9%), pepper (US$1.2 billion, 34.1%), and cashew nuts (US$2 billion, up 21.1%).
Rice and rubber, on the contrary, earn less with US$3 billion and US$1.8 billion, down 1.9% and 28.9%, respectively.
To raise gross agro-forestry-fisheries export value to US$31 billion next year, the ministry will actively work to implement multilateral and bilateral agreements in place, including the World Trade Organisation and regional free trade commitments.
It will stand side by side with exporters by updating them on foreign markets’ latest trade policies and jointly devising feasible market strategies for added-value products.
To extend commercial reaches, the ministry will also promote marketing activities and promptly deal with any technical and trade barrier.
Seafood is predicted to rake in US$7.92 billion, marking a yearly growth of 18.4% with the US making up 21.81% of the total export value, becoming the leading seafood importer of Vietnam.
Wood and wooden products enjoy an expansion of 11.1% in earnings with US$6.2 billion. The US, China and Japan are the biggest buyers who account for 66% of the total sales abroad.
During the year, an estimated 1.73 million tonnes of coffee are sold for US$3.62 billion, up 33.4% in volume and 33.2% in value, mostly going to Germany and the US.
Higher revenues are also reported by exporters of vegetables (US$1.47 billion, up 34.9%), pepper (US$1.2 billion, 34.1%), and cashew nuts (US$2 billion, up 21.1%).
Rice and rubber, on the contrary, earn less with US$3 billion and US$1.8 billion, down 1.9% and 28.9%, respectively.
To raise gross agro-forestry-fisheries export value to US$31 billion next year, the ministry will actively work to implement multilateral and bilateral agreements in place, including the World Trade Organisation and regional free trade commitments.
It will stand side by side with exporters by updating them on foreign markets’ latest trade policies and jointly devising feasible market strategies for added-value products.
To extend commercial reaches, the ministry will also promote marketing activities and promptly deal with any technical and trade barrier.