Agricultures, Foods, News & Event
Agricultural product exports in 2024: Continue to be a bright spot
Kinhtedothi – In 2024, the agricultural sector aims to bring the GDP growth rate of the entire industry to 3 – 3.5%, and the export turnover of agriculture, forestry and fishery products to reach 54 – 55 billion USD.
It is forecasted that the picture of agricultural exports in 2024 will continue to have many bright spots, but to achieve the above goal requires the agricultural sector to flexibly implement solutions to respond to the policies of import partners, as well as provide support. Enterprises sign new orders.
Key agricultural products will grow strongly
Experts and managers predict that agricultural products, especially vegetables, fruits and rice, will continue to prosper in 2024 thanks to many favorable factors. There are many orders, the world’s import demand is still increasing and Vietnam has scored points as a supplier of increasingly high-quality agricultural export products, meeting requirements from demanding markets.
Vice President of the Vietnam Food Association Do Ha Nam said that rice export will continue to be a bright spot in 2024 when the world demand for food, including rice, remains high. Due to the effects of El Nino, rice yields may decrease.
In addition, India may still maintain a ban on rice exports in the near future, causing the supply-demand balance to shift in 2024. Meanwhile, many countries, especially the Philippines and Indonesia, continue to increase their demand. Rice import demand will be a beneficial condition for Vietnamese rice exporters.
Information about the potential for exporting vegetables and fruits, Deputy Minister of Agriculture and Rural Development Phung Duc Tien also said that currently the durian area is 112,000 hectares with about 400,000 tons but only harvested in an area of more than 60,000 hectares, the rest is harvested. In 2024, it will be harvested.
“If the Protocol to export frozen durian to China is signed in the near future, the value of durian will increase. In addition, if infrastructure solutions are resolved such as: smart border gates, roads, etc. Connecting railways and roads; unifying quarantine; overcoming administrative procedures and packaging codes, vegetable and fruit output still has a lot of potential and advantages for growth in 2024” – Deputy Minister Phung Duc Tien analyzed .
According to Chairman of the Vietnam Vegetable and Fruit Association Dang Phuc Nguyen, in 2024, Vietnam’s vegetable and fruit exports will flourish thanks to key products: durian, dragon fruit, bananas, jackfruit, and mango. In particular, if there are more frozen durians and fresh coconuts, fruit and vegetable exports will set a new record, reaching at least 6 billion USD, with an expectation of reaching 6.5 billion USD.
General Secretary of the Vietnam Association of Seafood Exporters (VASEP) Truong Dinh Hoe expressed hope that seafood will rise to speed up export turnover in 2024. The seafood industry aims to increase by 3.7 – 4%. , reaching about 9.5 billion USD in 2024. This number is set in the context of import demand showing no signs of recovery and strong competition in markets. Therefore, to bring Vietnamese seafood products deeper into demanding markets, businesses need to focus on building a chain of links from exploitation, processing to export and must comply with the conditions of that market show.
Build a production chain, closely following import market requirements
In 2024, it is forecast that the economy will continue to face many difficulties and challenges, such as: raw material prices for agricultural, forestry and fishery production remain high, and disease outbreaks on crops , pets pose a potential risk of outbreaks; Unusual floods and rains, more intense heat, the risk of drought and severe water shortage due to the impact of El Nino…
Meanwhile, the agricultural industry aims to bring the GDP growth rate of the entire industry to 3.0 – 3.5%, and the export turnover of agricultural, forestry and fishery products to 54 – 55 billion USD by 2024. To achieve the goal During this period, Deputy Minister Phung Duc Tien said that the agricultural sector is changing from agricultural production thinking to agricultural economic thinking, from single-sector development to multi-sectoral cooperation and development; promote multi-value integration in agricultural, forestry and fishery products; shifting from the agricultural supply chain to developing a chain of industries.
In addition, the agricultural sector will reorganize production according to specialized farming areas, associated with geographical indications, traceability and construction of planting and farming area codes. Innovate and develop a cooperative economy, support cooperation, chain linkage, control diseases on crops and livestock to ensure production plans, and synchronously deploy solutions to prevent and control natural disasters To limit the impact on agricultural production…
Particularly for seafood and wooden products, the Ministry of Agriculture and Rural Development closely follows the implementation of the national sector planning for the period 2021 – 2030, with a vision to 2050 (on forestry, protection of aquatic resources and fishing ports). In particular, focus on building organizational forms and production links, linking along the value chain, applying high technology to reduce intermediate costs, increase added value, and remove the “yellow card”. IUU as well as solving hot spots of deforestation, illegal transportation and storage of forest products.
Clearly recognizing the actual situation, the Ministry of Agriculture and Rural Development continues to coordinate with the Ministry of Industry and Trade to negotiate to remove technical barriers, trade barriers and open export markets; Support localities to connect and promote the processing and consumption of agricultural products during the harvest season. In particular, the Ministry of Agriculture and Rural Development will propose that the Government continue to support enterprises that produce and export agricultural products to access preferential capital.
Providing long-term solutions, Deputy Director of the Import-Export Department (Ministry of Industry and Trade) Tran Thanh Hai recommended: to ensure sustainable development and establish a stable import market, businesses need to proactively build Build a chain of links, regularly update standards from import markets to have countermeasures in building raw material sources as well as processing and packaging for export.
On the part of the Ministry of Industry and Trade, continue to do a good job forecasting supply and demand, providing information on the market situation, connecting producers with consumers, taking advantage of free trade agreements, especially EVFTA, CPTPP to restructure export markets, reduce dependence on some markets, remove barriers to entering new markets; At the same time, we attach importance to building the brand of Vietnamese agricultural products.