Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Vietnam expects its agricultural export value to China to increase sharply this year, as China agreed to review regulations permitting official exports of poultry meat from Vietnam to this market.
VOV.VN - January alone witnessed agro-forestry-aquatic products rake in US$5.14 billion from exports, marking an annual rise of 79.2%, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam’s aquatic product exports will experience only a slight recovery in the first half of this year due to market volatility and a host of challenges to the global economy, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Establishing logistics chains connecting producers with traders is an urgent need to improve the effectiveness of agro-forestry-aquatic product exports, heard a roundtable conference held in Ho Chi Minh City on December 25.
Vietnam’s agro-forestry-aquatic product exports raked in US$29.13 billion in the first seven months of 2023, while its imports reached US$23.25 billion, resulting in a trade surplus of US$5.88 billion, up 3.4% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
The Ministry of Agriculture and Rural Development (MARD) forecast that aquatic product exports will bounce back at the end of the third quarter and reach the yearly revenue target of US$10 billion.
Despite a downward trend in aquatic product exports in the first half of 2023, the lower pace of month-on-month decline is giving hopes for a recovery in the remaining months of this year.
The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
Although the aquaculture industry have been facing many challenges, it continues to receive support from the Government, Director in charge of communications of the Vietnam Association of Seafood Exporters and Producers (VASEP) Le Hang told Lao dong newspaper.