Rosy prospect for agro-forestry-fishery exports to exceed 47 billion USD in 2021
The value of agro-forestry-fishery exports reached over 4.1 billion USD in November alone, which was conducive to a hope for the exports to obtain over 47 billion USD for the entire year.
Workers at a tra fish processing plant in Dong Thap province (Photo: VNA)
Hanoi (VNA) – The value of agro-forestry-fishery exports reached over 4.1 billion USD in November alone, which was conducive to a hope for the exports to obtain over 47 billion USD for the entire year.
According to Deputy Minister of Agriculture and RuralDevelopment Phung Duc Tien, the value was estimatedat nearly 43.5 billion USD in the January – November period, up 14.2 percenton-year.
Of the sum, the crop cultivation sector contributed 19.3billion USD, an annual increase of 13.7 percent, with high export value growthposted for rubber, coffee, cashew, pepper, rice, cassava and cassava products.
The forestry sector also exceeded its target spectacularly, withits export turnover reaching 14.3 billion USD to date and expected to soonexceed over 15 billion USD. Meanwhile, fishery exports are likely to reach 8.6billion USD.
Tien said the ministry has so far directed localities,farms, and cooperatives, and businesses to build material areas meeting the setcriteria, while promoting trade and further negotiating to expand the market, particularlythe US and China.
Although export turnover increased, the sector’s tradesurplus decreased sharply by 56.5 percent from the same period last year to beat nearly 4.3 billion USD. In this regard, the official attributed thereduction to an increase in the scale of imported materials and breeds over thepast time, adding that this, however, will be a growth premise for thefollowing period./.
The Ministry of Agriculture and Rural Development (MARD) expects to exceed its annual export target for agricultural, forest and fishery products, thanks to the restoration of production and business after the COVID-19 outbreak.
Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually, reported the Ministry of Agriculture and Rural Development (MARD).
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Workers at a tra fish processing plant in Dong Thap province (Photo: VNA) 
