HortEx Vietnam 2024, the sixth international exhibition and conference for horticultural and floricultural production and processing technology in Vietnam, opened in Ho Chi Minh City on March 13.

Vietnam's agricultural sector has set a growth target between 3.2-4% in 2024, according to the Ministry of Agriculture and Rural Development (MARD), with total export turnover of some US$54-55 billion.

China was the biggest buyer of Vietnam’s agro-forestry-fishery products in 2023, and it is expected to remain a promising market with numerous opportunities for Vietnamese farm produce to increase the market share and export value.

Africa has remained a silver lining in trade between Vietnam and the world, Deputy Minister of Foreign Affairs Ha Kim Ngoc affirmed at a seminar held by the Foreign Ministry on November 1.

Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020, most commitments in the agreement have been implemented and left positive impacts on business activities, especially trade, said Do Viet Ha of the Trade Office of the Vietnamese Embassy in Germany.

Agriculture has long been the backbone of Vietnam’s economy for a number of comparative advantages, such as cultivated land, forest cover, sea territories, tropical climate, and available and cost effective labour, according to Surajit Rakshit, head of Global Trade and Receivables Finance, HSBC Vietnam.

Vietnam's agricultural product exports to China are facing increasing difficulties due to tightening export requirements, according to the Ministry of Agriculture and Rural Development (MARD).

Industry insiders have shown their confidence in exporting US$4 billion worth of fruits and vegetables this year given rosy signs recorded recently.

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 - Vietnam and Uganda will expand bilateral cooperation to other fields besides agriculture to match their potential and take advantage of the signed agreements.