Agriculture grows at record high rate in first quarter
Vietnam`s agro-forestry-fishery witnessed growth rate at 13-year high of 4.05%, contributing to the country`s strongest first-quarter growth in 10 years at 7.38%.
In the first 3 months, agro-forestry-fishery's export turnover reached US$8.7 billion, increasing 9.6% year on year and equal 21.4% of the target for 2018, stated the General Statistics Office.
Vietnam's agro-forestry-fishery witnessed growth rate at 13-year high of 4.05%.
|
Notably, rice production from January to March is reported at 11.18 million, up 571.600 tons comparing to the same period of last year or 5.4%. By shifting to the export of high quality rice, the trade turnover of rice is on the growing trend.
It is expected that Vietnam will export 6.5 million tons of rice in 2018. Another agricultural products are expected to yield positive results, namely cashew for 201,000 tons, up 30%, pepper 76,300 tons, up 9.8%; mango for 194,800 tons, up 6.9%; oranges and tangerine for 284,000 tons, up 4%.
China continues to be Vietnam's largest rice import market in 2017 with 39.2% of the total market share.
Forestry and fishery in the first 3 months also have moderate growth rate and fulfilling the target. This year, fishery sets the target of total production of 7.5 million tons with export turnover of US$10 billion.
In March, fishery farming production reached 171,000 tons, equivalent to 1.2% compared to previous year, taking the total farming production in the first 3 months of 611,000 tons, up 6%.
In overall for the first 3 months, total fishery production is reported at 1.38 million tons, up 4.9% year on year.
The growth rate of the Vietnamese agricultural sector was set at 3%, while the targeted export value of agricultural products was US$40 billion, according to Prime Minister Nguyen Xuan Phuc's statement at MARD's January 4 meeting on the performance of the sector in 2017 and its plans for 2018.
In 2017, the agricultural sector has attained 7 significant results, including reaching an all-time record high export value of US$36 billion. In 2018, the sector set the growth target of 2.8-3%, with export value reaching US$37- US$38 billion.
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
10:49, 2024/11/16
US reiterates Vietnam is not manipulating currency
The US Treasury Department’s positive evaluation underscores Vietnam’s progress in balancing its economic and monetary policies while fostering strong bilateral relations with the US.
- Vietnam, Brazil: Building bridges through shared history and new partnerships
- Hanoi to attract tourists by showcasing local specialties at wholesale markets
- National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
- Vietnamese goods in rising demand among Hanoi residents
- Hanoi unveils 2024 rural industrial plans
- Hanoi advances supporting industries for hi-tech services