With these results, the export turnover has surpassed the target of 54-55 billion USD set for the entire year of 2024, and the sector is confidently heading toward a new record of 60 billion USD.

Agricultural, forestry and fishery export turnover has exceeded the target of 54-55 billion USD for the whole year of 2024.

Vietnam's agricultural, forestry, and aquatic trade balance reached a surplus of 16.46 billion USD, up 52.8% compared to the same period last year. Specifically, the forestry product group had a surplus of 13.05 billion USD, an 18.7% increase from 2023; the seafood group saw a surplus of 6.88 billion USD, up 17.5%; and the agricultural products had a surplus of 4.72 billion USD, an increase of 3.1 times.

Regarding specific products, Vietnam has seven agricultural, forestry, and aquatic products with a trade surplus of over 1 billion USD, including wood and wood products with a surplus of 12.11 billion USD, up 19.4% from last year; fruits and vegetables with 4.56 billion USD, up 33.9%; coffee with 4.53 billion USD, up 30.5%; rice with 4.07 billion USD, up 14.6%; shrimp with 3.19 billion USD, up 20.5%; tra fish with 1.72 billion USD, up 10.1%; and black pepper with a surplus of 1.07 billion USD, up 43.5%.

In the first 11 months, the export value of agricultural products reached 29.78 billion USD, up 23.2%; livestock products reached 475.5 million USD, up 4.4%; seafood reached 9.2 billion USD, up 11.8%; and forestry products reached 15.59 billion USD, up 19.6%.

Accordingly, the volume and value of rice exports in November were estimated at 700,000 tonnes, worth 444.9 million USD, bringing the total volume and value of rice exports for the first 11 months to nearly 8.5 million tonnes, valued at 5.31 billion USD.

This marks a 10.6% increase in volume and a 22.4% increase in value compared to the same period in 2023. This was the first time the agricultural sector had achieved such production and value for rice exports.

The Philippines is Vietnam's largest rice consumer market, with a market share of 46.1%. Indonesia and Malaysia are the next largest markets, with respective market shares of 13.5% and 8.2%.

Among the top 15 rice export markets, the value of rice exports saw the highest increase in Malaysia, with a 2.2-fold rise. The market with the largest decline in export value is China, which saw a decrease of 71.3%.

The value of fruit and vegetable exports in November was estimated at 500 million USD, bringing the total value of fruit and vegetable exports for the first 11 months to 6.66 billion USD, an increase of 28.2% compared to the same period in 2023.

Currently, China ranks first in terms of consumption of Vietnam’s fruits and vegetables, with a 66.5% market share, valued at 4.1 billion USD, up 28.7% compared to the same period in 2023.

The next two largest fruit and vegetable export markets are the US and the Republic of Korea (RoK), with respective market shares of 4.7% and 4.3%.

The value of fruit and vegetable exports increased in 14 of the 15 main export markets, with the highest increase in Germany at 73.6%. The Netherlands is the only major market where the export value decreased, with a 26% drop.

Coffee exports have reached nearly 1.2 million tonnes, valued at 4.84 billion USD. Although the volume decreased by 15.4%, the value increased by 32.8% compared to the same period in 2023.

This achievement was attributed to the average export price of coffee reaching 4,037 USD per tonne, up 56.9% compared to the same period in 2023.

Germany, Italy, and Spain are the top three markets for Vietnamese coffee, with respective market shares of 11%, 8.1%, and 8%. Coffee exports grew in all markets within the top 15 largest export destinations, with the most significant increases in Malaysia (up 2.2 times) and the Philippines (up 2.1 times), while Belgium saw the smallest increase at 8.6%.

Regarding export markets, the US, China, and Japan are the top three markets for Vietnam's agricultural, forestry, and fishery products. Compared to the same period last year, the estimated export value of agricultural, forestry, and fishery products to the US increased by 24.6%, to China by 11%, and to Japan by 5.5%.

Vietnam Post launches e-commerce platform for agricultural products

Vietnam Post has launched an e-commerce platform to foster the trading of high-quality agricultural products in the country.

Vietnam becomes top banana supplier to China

Vietnam has surpassed the Philippines to become the largest banana supplier to China with a 40.7% market share in the first eight months.

Mai An Tiem Awards presented to 100 outstanding cooperative products

The Vietnam Cooperative Alliance held a ceremony on the evening of December 11 to present the first Mai An Tiem Awards (Coop Gold Product Awards 2024) for exemplary cooperative products at the Army Theatre in Hanoi and launched the Action Month for Cooperatives and the International Year of Cooperatives 2025.

Rice exports to set record of 9 million tonnes this year

Rice exports are likely to hit a record high of 9 million tonnes in 2024, given a total volume of nearly 8.5 million tonnes shipped abroad in the first 11 months, according to insiders.

Bac Giang has 3 typical agricultural products nationwide

BAC GIANG - The Vietnam Cooperative Alliance has just recognized 100 typical products of cooperatives nationwide in 2024. Bac Giang province has three recognized products, including: Luc Ngan Hong Xuan lychee of Hong Xuan Agricultural Production and General Service Cooperative (Luc Ngan); flower buds of Danh mountain ginseng of Lien Chung Danh Mountain Ginseng Production and Consumption Cooperative (Tan Yen); Yen The hill chicken of Yen The "Green" Agricultural Cooperative.

Agricultural sector’s trade surplus approximates 16.5 billion USD

Vietnam recorded a trade surplus of 16.46 billion USD in agricultural, forestry, and aquatic products during the first 11 months of 2024, soaring 52.8% year on year, reported the Ministry of Agriculture and Rural Development.