VOV.VN - The agricultural sector is aiming to develop a circular agricultural economy whilst fully utilising incentives from the EU-Vietnam Free Trade Agreements (EVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to increase exports in the future.

In 2023, the agricultural sector will promote negotiation to open more foreign markets for local farming commodities, said Hoang Trung, director of the Plant Protection Department under the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The agricultural sector is anticipated to rake in US$54 billion from export next year built on its impressive US$53 billion export turnover recorded in 2022, according to the Ministry of Agriculture and Rural Development (MARD).

The Ministry of Agriculture and Rural Development on December 30 announced that the agricultural sector has achieved all goals set for this year, including a growth rate of 3.36%, a record for many recent years.

Vietnam has set a target to double the amount of foreign investment in agriculture to US$34 billion by the end of 2030. However, there were a number of shortcomings and limitations the country must urgently address to realise the goal, according to policymakers and industry experts.

VOV.VN - Foreign direct investment (FDI) has made significant contributions to developing the agriculture sector by supplementing capital sources, increasing exports, and generating jobs, according to industry insiders.

Agro-forestry-fishery exports stood at about US$49.04 billion in the first 11 months of 2022, higher than last year’s record of US$48.6 billion, the Ministry of Agriculture and Rural Development (MARD) said.

Organic production can help Vietnam deal with the skyrocketing prices of food, fuels and fertilisers caused by the recent turbulence in different parts of the world, according to Danish Ambassador to Vietnam Nicolai Prytz.

Vice Chairman of the People’s Committee of Can Tho city Duong Tan Hien has called for investment from Dutch businesses in mechanisation in agricultural production; post-harvest preservation technology as well as processing technology of agricultural and aquatic products.

Despite numerous difficulties coming from the domestic and international situation, the agricultural sector has managed to achieve important targets, and it still persists in this year’s agro-forestry-fishery export target of US$50 billion as assigned by the Prime Minister.