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Monday, June 17, 2024

Agricultural exports up 28.2 pct

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Agricultural exports up 28.2 pct
Litchi is specially grown within the northern province of Bac Giang. Picture by VnExpress/Ngoc Thanh.

Exports of farm, forestry, and fisheries merchandise within the first half of these 12 months topped $24 billion, a year-on-year enhance of 28.2 %, the agriculture ministry mentioned.

Farm exports have been valuing $10.4 billion, up 13.3 %, with tea, pepper, cashew, greens, fruits, rubber, and cassava and cassava-based merchandise all-seeing will increase, the Ministry of Agriculture and Rural Improvement mentioned.

Vietnamese rice costs are rising persistently, whereas demand for rice in lots of nations, together with China and South Korea, is rising. Many companies have already signed contracts to export within the second and third quarters.

Fruit exports rose 17.6 % to $2.36 million, Dang Phuc Nguyen, basic secretary of the Vietnam Fruit & Greens Affiliation, informed VnExpress. The exports went primarily to China.

“Massive volumes of litchi have been exported to many markets, together with China, Singapore, Malaysia, Thailand, Cambodia, Germany, France, and the Czech Republic.”

He added that fruit gross sales within the home market have been additionally sharply up.

Seafood exports rose 12.5 % to $4.05 billion.

China, the U.S., Japan, and South Korea are the largest importers of Vietnamese agricultural, forestry, and fishery merchandise.

The U.S. accounted for $6.7 billion, up 59.8 %, and China for $4.75 billion, up 32.1 %.

Within the second half of the 12 months, with the pandemic but to be managed, Vietnam will benefit from commerce offers such because the European Union-Vietnam Free Commerce Settlement and Complete and Progressive Settlement for Trans-Pacific Partnership to penetrate new markets, the ministry mentioned.

It is going to additionally negotiate with China to spice up exports of candy potato, durian, chili, ardor fruit, grapefruit, coconut, and different fruits, additional faucet promising markets comparable to Russia, the Center East, Africa, and ASEAN and strengthen exports to Japan, South Korea, India, and the EU, it added.

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Rachel Ha
Industrial and agricultural product enthusiast. Expert on Vietnam economy. Focus on FTA agreements between Vietnam and other countries.
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