In January, the export turnover hit 5.14 billion USD, up 79.2% year-on-year, with increases reported in almost all commodity groups.

According to Vice General Director of Vina T & T Co., Ltd, Nguyen Dinh Muoi, 2024 could be a breakthrough year for the fruit sector now that various products have received good signals from major markets such as Japan, the US, Australia, China, and the EU.

Processing cashew nuts for export.

It is noteworthy that the potential of most of these markets is very large, and their doors are wide open for Vietnamese fruits, he added.

Similarly, rice is also forecast to have a successful year. Right from the beginning of 2024, many rice exporters have received orders.

Chairman of the Board of Directors of Trung An High-Tech Agriculture Joint Stock Company Pham Thai Binh said that the price of Vietnam's 5% broken rice is currently no less than 700 USD per tonne.

In 2024, the country's rice export volume may be at least the same as in 2023, but the value is certainly 15% to 20% higher. Therefore, the export turnover may surpass 5 billion USD this year, higher than the 4.8 billion USD recorded last year, said Binh.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien stated that the sector has set a target of earning 54-55 billion USD from agricultural exports this year.

To promote the export of agricultural products and maintain a strong and sustainable position in import markets, the ministry will work with businesses to well monitor and manage the production process, issue planting area codes, and take measures to meet requirements of major markets.

It will also analyse the market to have specific strategies for each period and each industry, and closely follow major import markets, such as China, the US, Japan, and the EU to promote exports and exploit new and potential markets like Islamic countries, the Middle East, and Africa, Tien emphasised.

Bac Giang’s farm produce sold out at high price

BAC GIANG - These days, people are hustle and bustle in shopping consumer goods for the upcoming Lunar New Year. Besides technology products such as cakes, candies, soft drinks, many products under One Commune One Product program (OCOP) and processed farm produce of Bac Giang province are also luring customers, with highly increased prices.

Luc Ngan farmers enjoy bumper orange season with high selling price

BAC GIANG - Recently, the price of oranges in Luc Ngan district (Bac Giang province) has increased. Many traders have come to place order in different gardens. Local people are focusing on harvesting the fruit and earning billions of VND from the orange crop during Tet occasion.

Farmers profit on record coffee bean prices

Farmers in Central Highlands, Vietnam's largest coffee-producing region, have experienced a profitable year, with coffee earnings surpassing those of paddy farming by 2-4 times, buoyed by record-breaking coffee bean prices.

China remains promising market for Vietnamese farm produce

China was the biggest buyer of Vietnam’s agro-forestry-fishery products in 2023, and it is expected to remain a promising market with numerous opportunities for Vietnamese farm produce to increase the market share and export value.

PM engages in dialogue with farmers nationwide

Prime Minister Pham Minh Chinh on December 30 chaired an annual dialogue with farmers nationwide, with its theme highlighting farmers’ central role in the development of agriculture, rural economy, and green, sustainable new-style rural areas.

Bac Giang approves for 56 key, signature and potential farm produce

BAC GIANG - The People's Committee in Bac Giang province has just approved for the list of key, signature and potential agricultural products of Bac Giang province, including 7 key, 15 signature and 34 potential products.

Source: VNA