Vietnam sees a year-on-year fall of 1.9% in agricultural exports in 11 months, compared to a decline of 3.8 percent for the ten-month period ending October.Exports of key farm products were estimated at US$12.74 billion, down 4% from the same period last year. The sharpest fall was seen in coffee (30.2%) and rubber (15.5%). Rice export also posted a 4.9% in value despite a 3.6% increase in quantity.Meanwhile, upward trend was recorded in the export of pepper, cashew nut, cassava and cassava-based commodities with revenues rising from 2.9 to 19%.Significant falls of aquaculture product shipments to the US (over 25%), Japan (13%) and the Republic of Korea (14%) resulted in the decline of 16.4% in total aquaculture export value in the reviewed period, which was forecasted to stand at US$6.01 billion.Meanwhile, the export turnover of key forestry products was valued at US$6.4 billion, surging 8.2% from last year.In the coming time, the Ministry will organize more trade promotion activities abroad, aiming to sell dragon fruits to the Japanese market and chicken to Russia while expanding foothold in potential markets, especially developed countries.In the time ahead, the Ministry will keep production at certain level to increase quality and competitive capacity focusing on advantageous products of Vietnam such as rice, coffee, rubber, fish, pepper and cashew.
Agro-fishery-forestry exports may meet yearly target
Vietnam’s agro-fishery-forestry exports in 2015 is likely to meet the set target of US$30 billion as total exports in 11 months ending in November reached US$27.41 billion, according to Ministry of Agriculture and Rural Development.
VNA