Agro-forestry-aquatic product exports likely to exceed 40 billion USD

04/06/2018, 09:34

Vietnam’s export earnings from agro-forestry-aquatic products are likely to exceed 40 billion USD this year after reaching 15.6 billion USD in the first five months, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.

Cashew processed for exports (Photo: VNA)

The export value of key agricultural products was estimated at 8.25 billion USD in the January-May period, up 9.6 percent year on year. Meanwhile, aquatic products contributed 3.12 billion USD to the total export turnover, up 9.7 percent, and forestry products 3.4 billion USD, up 8.7 percent.

The Vietnam Administration of Forestry said that China, Japan, the Republic of Korea and the US were the four largest importers of Vietnamese wood and wooden products. The export value of forestry products accounted for nearly 22 percent of the total export value.

In May alone, the country raked in 347 million USD from shipping abroad some 452,000 tonnes of rice, bringing the total value and volume of rice exports in the January-May period to 1.45 billion USD and 2.66 million tonnes, up 40 percent and 13.9 percent, respectively.

Average rice price in the period experienced an increase of 12.9 percent to 503 USD per tonne. China remains the largest buyer of Vietnamese rice, holding 33.5 percent of the market share.

Vietnam also enjoyed robust shipments of cashew nuts. In the five months, it sold 139,000 tonnes of cashew nuts abroad and earned 1.37 billion USD, rising 19 percent in volume and nearly 23 percent in value as compared to the same time last year.

Some 1.3 million tonnes of cassava and cassava products were sold in foreign countries for 460 million USD, falling 25.6 percent in volume and soaring 7.3 percent in value.

Meanwhile, coffee exports increased 16 percent to 820,000 tonnes but dropped 0.8 percent in value to 1.6 billion USD. Rubber exports also fell 12 percent in value to 620 million USD although the exported amount was estimated at 424,000 tonnes, or 16 percent higher than the same time last year. 

The export turnover of pepper experienced a plunge of 37.6 percent.  A total 108,000 tonnes were shipped abroad at a value of 377 million USD.

The ministry also said that the country spent 12.29 billion USD importing agro-forestry-aquatic products during January-May, a year-on-year increase of 10.6 percent.

Minister Cuong said that the agricultural sector should further its efforts to remove bottlenecks. 

Agricultural restructuring towards applying more high technologies into production and branching out value chain is key to tackle the processing and preservation issues, particularly when Vietnam is among five countries most affected by climate change, he noted.

Furthermore, Vietnamese agricultural products also face fierce competition in both traditional and new markets due to tax and technical barriers. Thus, local businesses should keep close watch to the situation to have proper response, Cuong said.

Source: VNA


Related articles

(0) Comments
Focus
Binh Thuan to introduce Cham Culture to international tourists
BTO – As the peak season for welcoming international visitors is currently triggering in Binh Thuan. The locality has organized a number of activities closely tied to local culture at accommodations to offer guests unique and memorable experiences during their stay. Alongside, distinctive tours and attractions have been also introduced and developed to several newly-opened recreational areas.
Do not miss
  • Donald Trump Officially Becomes 47th President of the United States
    17 yesterday Externat Relations
    As predicted by the media in the past hours, Donald Trump's "overwhelming" victory over Ms. Harris has officially brought him back to the White House for the 47th US President
  • Rural tourism is on the rise
    18 yesterday LANDSCAPES
    BTO- Last Saturday, I went to Cam Binh Beach (Tan Phuoc commune, La Gi town) at the Anh Chau couple's invitation. This is not the first time I have been to La Gi or Cam Binh Beach, but it has been more than 5 years since I had the chance...
  • Binh Thuan welcomes nearly 8 mln tourist arrivals
    18 yesterday Travel
    BTO - In October, Binh Thuan tourist destination has welcomed over 800,000 visitors, an increase of 2.89% compared to the previous month and nearly 15% compared to the same period in 2023. Specifically, there were about 25,900 international...
  • Binh Thuan Cuisine in the Eyes of Japanese Tourists
    20 yesterday Culture
    BTO - For the first time, a number of renowned chefs from various regions has flocked to Binh Thuan, creating a rich gastronomic space in regional identity and distinctive flavors from the coastal products of Binh Thuan.
  • Binh Thuan’s Leaders host Belarusian Consul General
    BTO - On October 24 morning, Chairman of the Provincial People’s Committee, Doan Anh Dung, along with leaders of various departments and sectors, welcomed Mr. Ruslan Varankou, the Consul General of the Republic of Belarus in Ho Chi...
  • Binh Thuan no longer has "3 no" fishing vessels at the end of October 2024
    one month ago Business
    BTO -With great efforts from the agricultural sector as well as coordination from the locality, the registration rate of "3 no" fishing vessels in the province has reached 99% and is considered the pioneer province in Vietnam control...
  • Ta Nang - Phan Dung trekking trip and Co Thach beach
    one month ago LANDSCAPES
    Trekking from Ta Nang to Phan Dung and exploring Co Thach Beach are unique and exciting voyages, especially for those passionate about adventure and nature.
  • In Celebration of 29 Years of Binh Thuan Tourism (October 24, 1995 - 2024): New Era brings new opportunities to the locality
    one month ago Travel
    BTO - After 29 years of development, Binh Thuan’s “smokeless industry” has firmly established its brand on Vietnam’s tourism map, boasting strengths in beach resorts, unique marine sports, and rich culinary offerings.
  • Binh Thuan in thorough preparation for the Visit of the 5th EC Inspection Team
    one month ago Politics
    BTO - The European Commission (EC) inspection team is scheduled to visit Vietnam in early November 2024 to assess the country’s efforts in combating illegal, unreported, and unregulated (IUU) fishing, according to a recent report....
  • Finding flame in the dark
    one month ago Sports
    “A blind leap” and “A dark day for English football” are two of the many criticisms directed at the English Football Association (FA) after choosing Thomas Tuchel to lead the national team. The new head coach’s introduction ceremony...
  • ‏"El Pulga" was not on the list‏
    one month ago Sports
    ‏90% of football players at this age have to retire due to the rule of time; however, ‏‏ ‏‏Lionel Messi still surprises the soccer world with his super performances. But somehow, "El Pulga" was not included on the 2024 Ballon d'Or nominees...
  • The "Big Four" era has passed
    one month ago Sports
    BTO - After Carlos Alcaraz beat Jannik Sinner in the China Open final, two ATP 500 records from 2009 were reset. This breathtaking competition between two young players makes the "Big Four" become a past.
  • Farewell “Rafa”
    one month ago Sports
    BTO- Recently, Rafael Nadal officially announced his upcoming retirement after his final match at the Davis Cup in Malaga this November. Rafael's announcement left sorrows for tennis fans since the world will officially no longer witness...
  • Binh Thuan Rice: Towards the Gia An Rice Brand
    one month ago Business
    BTO - With proactive efforts in seeking new high-yield rice varieties and pioneering the application of scientific and technical advancements in production, the Gia An Agricultural Service Cooperative, located in Gia An commune, Tan...
  • Convergence of Binh Thuan Specialties at the Southern Region Exhibition
    one month ago Business
    BTO - From October 10 to 16, the 2024 Southern Region Exhibition of Typical Rural Industrial Products takes place in Phu Quoc City. The event is organized by the Local Industry Department (Ministry of Industry and Trade) in collaboration...
  • Binh Thuan heads towards digitalization for Tourism Development
    one month ago Travel
    BTO - Although Binh Thuan possesses the features to develop tourism, in the new context, these are not enough. Hence, Binh Thuan has been gradually implementing digital transformation in the province's "green economy" sector intending...
  • Nole's “nemesis”
    one month ago Sports
    BTO - The Shanghai Masters 2024 final ended with the victory of the current world No. 1. This is Sinner's second victory over Djokovic in 2024. Sinner also defeated his senior in the Australian Open semifinals this year. Although Djokovic...
  • Binh Thuan Agriculture to embrace Digital Transformation and Green Transition
    one month ago Business
    BTO - Currently, agricultural production in Vietnam, particularly in Binh Thuan, is facing direct challenges from extreme climate impacts. Therefore, it is imperative that we take action to reduce greenhouse gas emissions in alignment...
  • Toothless Lions
    one month ago Sports
    For the past ten years, theEnglandteam could not be completed without the name Harry Kane on the squad. Harry's presence guarantees a positive result for the "Three Lions" in every match; therefore, one day the "Three Lions" will be...
  • Stumbling the champions
    one month ago Sports
    Lionel Messi could be on the pitch (since winning the Copa America 2024) in the match against Venezuela in the 2026 World Cup qualifiers in South America, which will occur at 04:00 on October 11. However, with the home advantage, Venezuela...
POWERED BY ONECMS - A PRODUCT OF NEKO
Agro-forestry-aquatic product exports likely to exceed 40 billion USD