Speaking at the conference on export promotion in Ho Chi Minh City, Deputy Director of the Department of Quality, Processing, and Market Development under the Ministry of Agriculture and Rural Development Le Thanh Hoa highlighted that 2024 is a remarkable year for Vietnam’s agricultural sector, both in production and export.

Processing fresh coconuts for export at Hung Thinh Phat cooperative in Cho Gao district, Tien Giang province.

The production value is expected to increase over 3.2% from 2023, with exports to surge more than 18%.

Eleven products are anticipated to maintain an export value of at least 1 billion USD, including wood and wood products (16.1 billion USD), fruits and vegetables (7.1 billion USD), rice (5.8 billion USD), coffee (5.4 billion USD), cashew nuts (4.3 billion USD), shrimp (3.8 billion USD), and rubber (3.2 billion USD).

In terms of growth rates, some products expected to enjoy double-digit increases are coffee 56.9%, black pepper 53.3%, rubber 24.6%, and rice 10.6%.

The US has surpassed China to become Vietnam's largest agricultural export market, with a turnover reaching 12.3 billion USD in the first 11 months. It was followed by China, the EU, Japan, and the Republic of Korea.

With the estimated export value of 62 billion USD, Vietnam has posted a trade surplus of over 6 billion USD, Hoa noted, attributing the achievement to the advantages brought by free trade agreements (FTAs) that Vietnam has signed.

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.

Vietnam ranks in top 11 largest exporters globally

From being a minor exporter prior to 2013, Vietnam rose to number eleven in the global rankings of top exporters by 2023, emerging as a surprise player in global trade.

Wood exports likely to top 16 billion USD this year

The wood sector expects to earn 15.5-16 billion USD from exports this year, given a nearly 21% growth rate to 13.18 billion USD in the first 10 months.

Vietnam’s rice export prices remain highest worldwide

Vietnam's rice prices remain the highest globally even after India lifted its export ban.

Preferential credit policy capital supports labor export

BAC GIANG - Labor export is a major policy of the Party and State to help people solve employment and stabilize their lives. Following the above orientation, in recent years, the Bac Giang provincial Social Policy Bank (SPB) has created favorable conditions for many people to access preferential loans to work abroad and earn high incomes.