The Mekong Delta province of Tien Giang is making significant strides toward its yearly export target of 5 billion USD, thanks to a thriving performance in the first half of this year.
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
The agro-forestry-fisheries sector's export revenue reached about 32.1 billion USD in the first eight months of this year, up 21.6 percent, while imports were estimated at 28.8 billion USD, up 44.1 percent, resulting in a trade surplus of about 3.3 billion USD, a fall of 48.2 percent over the same period last year, reported the Ministry of Agriculture and Rural Development (MARD).
Vietnamese firms poured 546.7 million USD into overseas projects in the first five months of 2021, more than triple the figure of the same period last year.
Vietnam saw a year-on-year fall in the number of workers joining the labour market in the first quarter but increases in average income, according to Pham Hoai Nam, Director of the Population and Labour Statistics Department at the General Statistics Office (GSO).
Mechanisms and policies to support the local agro-forestry-fisheries sector have been broadly carried out around northern Vinh Phuc province since the beginning of the year, with a shift towards concentrated production based on value chains and market demand.
More than 78 percent of businesses listed on the Hanoi Stock Exchange (HNX), or 268 firms, reported profit in the second quarter of 2020, with combined value of 11.38 trillion VND (491 million USD), down 1.14 percent year on year.
Vietnam’s gross domestic product (GDP) increased 1.81 percent during the first six months of 2020, the lowest first-half growth pace since 2011, according to the General Statistics Office (GSO).
Amidst the expanding agro-forestry-fisheries sector, the food processing industry is expected to grow strongly with great potential for luring more investment, according to experts.
Vietnam is deemed highly likely to curb its inflation below 4 percent in 2019, experts said at a seminar in Hanoi on January 3, which focused on national market and price movements during 2018 and forecasts for 2019.
In the first half of 2017, the agro-forestry-fisheries sector expanded 2.65 percent compared with the same period last year, in which the fisheries recorded the highest growth, at 5.08 percent.