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Thursday, May 23, 2024

Vietnam aims for US$55 billion in farm exports this year

By Chinh Phong

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HCMC – Vietnam has set a target of obtaining US$54-55 billion in agro-forestry-aquatic export revenue in 2024.

The objective was announced at a meeting held on January 3 by the Ministry of Agriculture and Rural Development, attended by Prime Minister Pham Minh Chinh, to review the industry’s 2023 performance and outline tasks for this year.

The agricultural sector will focus on boosting production, strengthening cooperation, putting crop and livestock diseases under control, maintaining a stable forest coverage rate of 42%, and minimizing the impact of disasters on agricultural production.

In 2023, the sector underwent a transformation in mindset and growth models, shifting from single-sector development to multi-sector development and integrating multiple values in agro-forestry-fishery products.

This shift led to a remarkable 3.83% GDP growth rate in 2023, the highest in recent years. Additionally, the total export value of agro-forestry-fishery products exceeded US$53 billion, resulting in a trade surplus of more than US$12 billion.

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