Home / Economy / Agriculture
Ministries join hands in promoting sustainable agriculture
Ngoc Mai 14:10, 2021/07/14
Vietnam’s agricultural exports surged 27.8% year-on-year to US$21.4 billion in the first six months, or 13.7% of the country’s total export turnover.

The Ministry of Industry and Trade (MoIT) and Ministry of Agricultural and Rural Development (MARD) on July 13 signed a cooperation agreement to ensure sustainable agriculture by modernizing the sector and boosting the export of farm produce in international markets.

 Overview of the signing ceremony. Source: MARD

At the signing ceremony, Vice Minister of Industry and Trade Tran Quoc Khanh called for significant transformation of the agricultural sector, with a stronger linkage between farmers to distributors in both domestic and foreign markets.

Khanh identified a number of fields that should be addressed in the coming time, including the modernization of the agricultural sector; ensuring agricultural production stays in line with market demand; the removal of non-trade barriers and the opening up of markets; and the creation of brands for agro-forestry-fishery products.

“Among those priorities, origin tracing is a key matter for exports,” Khanh added.

Minister of Agricultural and Rural Development Le Minh Hoan noted despite the Covid-19 pandemic, Vietnam’s agricultural exports surged 27.8% year-on-year to US$21.4 billion in the first six months, or 13.7% of the country’s total export turnover.

“Taking farm produce to the global market is not an easy task, and in this process, farmers should be aware of different market factors rather just focusing on production,” Hoan added.

 Farm production at Japan & Vietnam Vegetable, Fruit Company. Photo: Phuong Nga

As Vietnam is pushing for global economic integration, Hoan stressed the necessity to move from the mindset of agricultural production to agricultural economics, along with the formation of production chains.

“Market sensitivity is a decisive factor for Vietnam’s farm produce to earn greater global market share,” he continued.

At present, China, Japan, South Korea, and the US are Vietnam’s four largest buyers of agricultural products.

In the first six months of the year, Vietnam’s exports of farm produce to the US expanded by nearly 60% year-on-year to $6.7 billion, or 27.9% of total agricultural exports. China remained the second largest import market for the local agricultural sector spending over $4.75 billion on Vietnamese farm produce, up 32.1% or 19.6% of the total.

According to the MARD, Vietnam’s positive agricultural exports in the first half of 2021 were partly thanks to the country’s effective utilization of free trade agreements (FTAs) that Vietnam is a part of.

Meanwhile, Vietnam has set up communication channels with major markets to better analyze and forecast customer behavior during and after the pandemic, so as to act accordingly.

For the last half of 2021, the MARD expected difficulties as a result of the Covid-19 pandemic, while calling for local firms to continue taking advantage of FTAs, especially the EVFTA and CPTPP to penetrate new markets.

TAG: Vietnam MARD covid-19 MOIT sustainable agriculture exports imports China South Korea Japan US
Other news
15:54, 2021/54/20
Busy incense village after social distancing
The village’s products are not only consumed in Vietnam but also in India, China, Malaysia, and other countries.
16:50, 2021/50/19
“Banana” millionaires along Hanoi’s Red River
Van Nam banana from Van Nam Commune has become a cash crop of the place, improving the life of local farmers. The tasty fruit is labeled with three-star OCOP by the Ministry of Agriculture and Rural Development.
22:15, 2021/15/11
Hanoi seeks sustainable trade connection with localities
The number and the scale of supply chains of safe agro-forestry-fishery products with traceability in the city in the 2021-2025 period are expected to increase by 10% per year.
20:13, 2021/13/06
Vietnam's agricultural sector on track to realize export targets
The agricultural sector aims for an export turnover of US$45 billion next year.
06:21, 2021/21/17
Digitalization in agricultural sector as key fundamental for Vietnam's growth
Agriculture is the main factor for Vietnam’s economy to pursue rapid and sustainable growth.
16:42, 2021/42/14
Businesses in low Covid-19 risk areas to restore farm production and sales
Local governments must closely coordinate with farmers and businesses in building a master plan on agricultural trade resumption and food safety.