(Illustrative photo: VNA)Hanoi (VNA) – Theagro-forestry-fishery sector raked in an estimate 3.64 billion USD from exportsin August, raising the total value in the first eight months of the year to26.6 billion USD, up 1.6 percent year on year, according to the Ministry ofAgriculture and Rural Development.
Best performers in the period include wood andwood products (6.66 billion USD), shrimp (2.1 billion USD), coffee (2 billionUSD), rice (nearly 2 billion USD), fruits (1.96 billion USD), tra fish (1.33billion USD), and rubber (1.3 billion USD).
Key farm products brought in 12.4 billion USD,accounting for 46.7 percent of the total export revenue, while key forestryproducts and seafood earned 7.08 billion USD and 5.52 billion USD, making up26.6 percent and 20.8 percent of the total value, respectively.
Meanwhile, the country spent 20.54 billion USDon agro-forestry-fishery imports in the eight-month period, decreasing 1.2percent from the same time last year.
The ministry said that export of farm producewill face tough seas in the coming time due to fierce competition andincreasing trade barriers brought by escalating trade war between largeeconomies and the rise of trade protectionism.
In a bid to develop export markets, the ministryhas asked competent agencies, localities and businesses to pay due attention toimproving product quality and satisfying importers’ requirements in origin trackingand geographical indication for agro-forestry and fishery goods.
Furthermore, the ministry will closelycoordinate with relevant ministries and branches to accelerate negotiations toseek new markets, stabilise traditional markets and expand potentialones.
Building trademarks for local farm produce willbe made in tandem with enhancing inspection of food safety and hygiene, theministry said, adding it is necessary to control supply and direct farmers to applycultivation and production methods in line with importers’ standards.-VNA
Best performers in the period include wood andwood products (6.66 billion USD), shrimp (2.1 billion USD), coffee (2 billionUSD), rice (nearly 2 billion USD), fruits (1.96 billion USD), tra fish (1.33billion USD), and rubber (1.3 billion USD).
Key farm products brought in 12.4 billion USD,accounting for 46.7 percent of the total export revenue, while key forestryproducts and seafood earned 7.08 billion USD and 5.52 billion USD, making up26.6 percent and 20.8 percent of the total value, respectively.
Meanwhile, the country spent 20.54 billion USDon agro-forestry-fishery imports in the eight-month period, decreasing 1.2percent from the same time last year.
The ministry said that export of farm producewill face tough seas in the coming time due to fierce competition andincreasing trade barriers brought by escalating trade war between largeeconomies and the rise of trade protectionism.
In a bid to develop export markets, the ministryhas asked competent agencies, localities and businesses to pay due attention toimproving product quality and satisfying importers’ requirements in origin trackingand geographical indication for agro-forestry and fishery goods.
Furthermore, the ministry will closelycoordinate with relevant ministries and branches to accelerate negotiations toseek new markets, stabilise traditional markets and expand potentialones.
Building trademarks for local farm produce willbe made in tandem with enhancing inspection of food safety and hygiene, theministry said, adding it is necessary to control supply and direct farmers to applycultivation and production methods in line with importers’ standards.-VNA
VNA
