Friday, October 21 2016


Viet Nam could meet agriculture export targets in 2015: ministry

Update: November, 28/2015 - 10:31
Dried star anise is packaged for export at Lang Son Agro-Forestry Product Processing and Export Company Limited. Viet Nam can meet its farming export target of US$30 billion this year. — VNA/VNS Photo Trong Dat
HA NOI  (VNS) — Viet Nam could well meet the target of US$30 billion in agro, forestry and fishery exports for 2015 as total exports in 11 months ending in November reached $27.41 billion.

The Ministry of Agriculture and Rural Development said that export value of farming, forestry and fishery products from January to November had a year-on-year reduction of 1.9 per cent to US$27.4 billion, including $2.57 billion in November.

The reduction rate in the first 11 months was lower than the plunge rate of 3.8 per cent in the first ten months, said the ministry. So, it expected the total national export value of farming, forestry and fishery products to gain the target for this whole year.

During the first 11 months, the export value fell by 4 per cent to $12.74 billion for major farming products, and 16.4 per cent to $6.01 billion for seafood product. But it increased by 8.2 per cent to $6.4 billion for forestry products.

Most of the farming products saw a fall in the export value, especially key export farming products such as rice, seafood and coffee, the ministry said.

The strongest reduction in the first 11 months was coffee exports with 27.7 per cent in volume and 30.2 per cent in value against the same period of last year. The coffee exports reached 1.13 million tonnes in volume and $3.3 billion in value, of which 85,000 tonnes in November, earning $162 million.

Rice exports also posted a 4.9 per cent drop in value to $2.65 billion despite a 3.6 per cent increase in quantity to 6.24 million tonnes in the first 11 months.

Meanwhile, an upward trend was recorded in the export of pepper, cashew nut, cassava and cassava-based commodities, with revenues rising from between 2.9 per cent and 19 per cent.

Significant fall of seafood product exports to the United States of over 25 per cent, Japan of 13 per cent, and South Korea of 14 per cent, resulted in the decline of 16.4 per cent in total aquaculture export value in the reviewed period.

In the near future, the ministry would organise more trade promotion activities in some foreign markets, aiming to sell dragon fruits to the Japanese market and chicken to Russia while expanding its foothold in potential markets.

The ministry would also keep production at certain levels to increase quality and competitive ability for advantageous products of Viet Nam such as rice, coffee, rubber, and fish, in addition to pepper and cashew. — VNS

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