The agriculture, forestry, and fisheries sector posted the highest growth among all economic sectors, reaching 10.52% in Q1, mainly due to bumper rice and corn harvests. Rice output surged by 51.45% while corn production rose by more than 39%.
Six commodities recorded more than 1 billion USD in value, led by wood and wood products at 5.2 billion USD (up 5.8%), coffee at 3.78 billion USD (up 51.1%), and shrimp at 1.24 billion USD (up 28.4%).
In the first two months of 2025, most categories of agricultural, forestry, and fishery exports recorded growth compared to the same period last year. Particularly in February, export revenue reached 4.4 billion USD, up 32.7% year-on-year.
The 27th ASEAN Senior Officials on Forestry (ASOF 27) Meeting is taking place in Indonesia from July 18-19, according to the Department of Forestry under the Ministry of Agriculture and Rural Development.
The northern province of Bac Giang is set to develop more large-timber forest with a view to helping improve the local forestry sector’s production value, said Vice Chairman of the provincial People’s Committee Le O Pich.
The State Bank of Vietnam (SBV) on July 19 issued a document guiding commercial banks to implement a credit package, worth 15 trillion VND (641 million USD), for businesses in the forestry and fishery sector.
In 2022, Vietnam had 14,790,075 ha of forest area, of which 10,134,082 ha were natural forests and 4,655,933 ha were planted ones, the Ministry of Agriculture and Rural Development announced in a decision on June 20.
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.
Aiming to be one of the world’s leading processing centres of export timber, Vietnam is striving to establish legal timber, where raw materials are legally sourced and traded throughout the entire value chain.
Vietnam’s foreign trade of agro, forestry and aquatic products hit nearly 75 billion USD in the first nine months of 2022, a year-on-year rise of 10.7%, according to latest data released by the Ministry of Agriculture and Rural Development.
Total foreign trade in agricultural, forestry and aquatic products hit some 31.8 billion USD in the first four months of 2022, an increase of 7 percent against the same period last year, according to the Ministry of Agriculture and Rural Development.
Vietnam’s agro-forestry-aquatic product exports surged 13.1 percent year-on-year in the first 10 months of 2021 to 38.75 billion USD, according to the Ministry of Agriculture and Rural Development.
Despite being affected by COVID-19 in 2020, all 3 areas of agriculture, forestry and fisheries; industry and construction; services still achieved a higher growth rate compared to 2019.
The export turnover of agriculture, forestry and aquaculture in the first seven months of 2020 was estimated at 22.3 billion USD, a decrease of 2.8 percent year-on-year.
Vietnam will strive to be among the world’s top 15 most developed countries in agriculture by 2030 with agricultural processing to rank in the world’s top 10.
The International Exhibition on Machineries and Technologies of Agriculture, Forestry, and Fishery (Vietnam Growtech 2020) will take place at the Hanoi International Exhibition Centre (ICE) from October 28 to 30.
