Agricultural exports recovered positively

According to the Ministry of Agriculture and Rural Development (MARD), in the first 2 months of the year, the United States, China and Japan continued to be the three largest markets of Vietnamese agricultural products.

Shrimp exports in the first 2 months of 2024 increased by 20.5%.

The trade surplus in agriculture, forestry and fisheries increased clearly

According to the Ministry of Agriculture and Rural Development, all export commodity groups increased compared to the same period in 2023, so export turnover increased, reaching 9.84 billion USD, of which agricultural products reached 5.18 billion USD, an increase of 55.7%; forest products 2.9 billion USD, up 59.7%; seafood 1.37 million USD, up 28.9%; livestock 78 million USD, an increase of 15.1%. It is worth noting that most key products achieved higher export value than the same period last year: Wood products 1.68 billion USD (up 59%), coffee 1.38 billion USD (up 85%), fruits and vegetables 970 million USD (up 72.8%), rice 708 million USD (up 49.8%). Pangasius products alone decreased slightly by 0.7%, reaching 224 million USD.

Along with exports, the domestic agricultural product market is relatively stable, the supply for the occasion before, during and after the Lunar New Year Giap Thin is guaranteed; Commodity market, supply and demand during and after Tet are relatively stable, purchasing power increases and there is no sudden price increase. In particular, essential goods are consumed strongly such as: food, fresh food, processed food, fruits,… especially high quality Vietnamese products, OCOP products predominate. position.

According to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, recent export activities, especially in the field of seafood and agricultural products, have begun to show positive signs of recovery. However, in order for the Vietnamese agricultural, forestry and fisheries brand to maintain its position in the international arena, it is necessary to have a separate development strategy for each product in each different market.

“For agricultural, forestry and fishery exports to continue to grow sustainably, we need to take advantage of free trade agreements (FTAs), especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam – EU Free Trade Agreement (EVFTA) to promote the export of key agricultural, forestry and fishery products, and support businesses in signing new export orders. Besides, there needs to be coordination to support trademark protection and geographical indications for Vietnam’s potential export products abroad” – Mr. Tien commented.

Unlock the market

Also according to Mr. Tien, in the coming time, the Ministry of Agriculture and Rural Development will continue to handle market issues to create favorable conditions for exporting agricultural and aquatic products; Implement projects to promote the export of agricultural, forestry and fishery products to markets: China, US, Japan, EU; At the same time, opening new markets with much potential such as the Middle East, Africa…

For promoting trade promotion in markets and promoting exports, China is identified as a key market in trade promotion in 2024. Mr. Le Thanh Hoa – Deputy Director of the Department of Quality and Processing and Development (Ministry of Agriculture and Rural Development) said that in 2024, China, Northeast Asia, the United States, and the EU will be the four major markets of Vietnamese agricultural products, accordingly, the agricultural sector will focus on implementing important trade promotion program to promote the export of goods.

According to the Department of Quality, Processing and Development, for the Chinese market, 2024 will continue to focus on reviewing the issue of opening export markets, plans to open markets for potential products and progress. market development for products that have been opened recently; import and export issues at border gates; Strengthen the organization of trade connection activities between Vietnamese and Chinese businesses.

In 2023, there will be 12 product groups exported to the Chinese market with a turnover of over 1 billion USD. Notably, the agricultural product group achieved record export growth to this market, with two typical products being fruits and vegetables (reaching 3.6 billion USD, up 138.7% over the previous year) and rice. (reaching 530.6 million USD, an increase of 22.7%).

For items such as meat, coconuts and frozen durian. In the coming time, the Ministry of Agriculture and Rural Development will conduct negotiations to open more doors for seafood and watermelons. At the same time, developing smart border gates and rail and road transport networks also need to focus on creating more favorable conditions for transporting agricultural products to China, minimizing logistics costs and increasing income for farmers.

In the field of seafood, Ms. Kim Thu, shrimp market expert of the Association of Seafood Exporters and Producers (Vasep), shrimp exporting businesses expect from the Government and ministries to take measures to stabilize costs. Input costs for shrimp production, for example, the price of shrimp feed and increased control of seed quality. According to Ms. Thu, the current selling price of Vietnamese shrimp is still quite high compared to other countries, causing fear for importers. Vietnamese shrimp continues to compete with Ecuadorian and Indian shrimp in terms of price and supply. Therefore, to promote export growth of this product, it is necessary to have policies to stabilize input costs for shrimp production.