The sector’s trade surplus during the six-month span surged 62.4% against the same time last year to around 8.28 billion USD.

Seven products and groups of products posting an export turnover of over 1 billion USD each were coffee, rubber, rice, fruits and vegetables, cashew nuts, shrimp, wood and wooden products.

Specifically, the country exported 4.68 million tonnes of rice worth 2.98 billion USD, up 10.4% and 32%, respectively, and shipped 350,000 tonnes of cashew nuts abroad for 1.92 billion USD, an increase of 24.9% and 17.4%, respectively.

Coffee exports, despite seeing a drop of 10.5% in volume to 902,000 tonnes, saw a rise of 34.6% in value to 3.22 billion USD thanks to rising export prices.

During the period, most of Vietnamese agro-forestry-aquatic exports were destined to Asia (13.9 billion USD), America (6.6 billion USD), Europe (3.7 billion USD), Africa (565 million USD), and Oceania (405 million USD), with the US, China and Japan being the largest purchasers.

Along with export, the country’s agro-forestry-aquatic product production was the key for the sector’s growth, and a beacon of the economy.

Statistics from the General Statistics Office showed that the sector has enjoyed both bumper harvests and soaring prices, with the price index of agricultural products in the first six months of the year rising 10.29% against the same time in 2023.

Given the robust export growth, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the export revenue for the whole year could hit 54-55 billion USD.

The Ministry of Industry and Trade said that it will work to bolster agricultural product exports to such key markets as China, the US, Japan and the EU, and open doors for them to enter potential ones like the Halal market and Middle East, helping to maintain export momentum in the remaining months of 2024.

As supply chain disruption due to conflicts, geopolitical tension and trade wars among powers has ratcheted up the global demand for agricultural products, Vietnam has boosted exports in a sustainable manner while ensuring national food security, according to Minister Nguyen Hong Dien.

The country will continue the negotiations, signing and upgrade of free trade agreements (FTA) with potential partners, helping enterprises to diversify their markets, products and supply chains to increase shipments, he said.

Besides, the ministry will join hands with ministries, sectors, localities and associations to support firms to capitalise on the signed pacts, particularly their tax incentives, and improve their production capacity as well as ability to settle trade remedies-related lawsuits and arising international trade disputes.

Forestry exports up 21% in H1

The export value of timber and wood products hit $7.95 billion in the first half of 2024, up 21.2% year-on-year, the Forestry Department under the Ministry of Agriculture and Rural Development has reported.

Bac Giang changes mindset of commodity livestock production

BAC GIANG - Previously, the livestock production were mainly done in Bac Giang province by traditional methods. Many households even raised livestock mainly for traction with no connection among stages of production, processing and consumption. Currently, the transition from traditional livestock farming to commodity production becomes more popular, helping improve both quality and efficiency.

Vietnam earns $3B from rice exports in H1

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning almost $3 billion, according to the Ministry of Agriculture and Rural Development.

Luc Ngan lychee recognised as 5-star OCOP product at national level

BAC GIANG - Luc Ngan lychee of the Hong Xuan Agricultural Production and General Services Cooperative in Luc Ngan district has been recognised as a 5-star One Commune One Product (OCOP) item at national level, becoming the first and only product in the province obtaining this status.

Premium lychee prices jump 5-fold on low supply due to bad weather

Prices of the premium Luc Ngan lychee have jumped five-fold from a year ago due to low supply but many people are willing to pay them.

Source: VNA