Vietnam's export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.
Hanoi (VNA) – Vietnam's export of agricultural products recordedimpressive growth in the first month of 2024 and is expected to see abreakthrough in the whole year.
In January, the export turnover hit 5.14billion USD, up 79.2% year-on-year, with increases reported in almost allcommodity groups.
According to Vice General Director of Vina T& T Co., Ltd, Nguyen Dinh Muoi, 2024 could be a breakthrough year for thefruit sector now that various products have received good signals from majormarkets such as Japan, the US, Australia, China, and the EU.
It is noteworthy that the potentialof most of these markets is very large, and their doors are wide open forVietnamese fruits, he added.
Similarly, rice is also forecast to have asuccessful year. Right from the beginning of 2024, many rice exporters havereceived orders.
Chairman of the Board of Directors of Trung An High-Tech Agriculture JointStock Company Pham Thai Binh said that the price of Vietnam's 5% broken rice iscurrently no less than 700 USD per tonne.
Illustrative image (Photo: VNA)
In 2024, the country's rice exportvolume may be at least the same as in 2023, but the value is certainly 15% to 20% higher.Therefore, the export turnover may surpass 5 billion USD this year, higher thanthe 4.8 billion USD recorded last year, said Binh.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien stated thatthe sector has set a target of earning 54-55 billion USD from agriculturalexports this year.
To promote the export of agriculturalproducts and maintain a strong and sustainable position in import markets, the ministrywill work with businesses to well monitor and manage the production process,issue planting area codes, and take measures to meet requirements of majormarkets.
It will also analyse the market to have specificstrategies for each period and each industry, and closely follow major importmarkets, such as China, the US, Japan, and the EU to promote exports andexploit new and potential markets like Islamic countries, the Middle East, andAfrica, Tien emphasised./.
There is great potential for Vietnam to increase its agricultural, forestry, and aquatic exports to the US, particularly when the quality and competitiveness of its products are improved.
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Processing cashew nuts for export (Photo: VNA) 
Illustrative image (Photo: VNA) 
