Vietnam's agricultural product export expected to soar by year-end; sales almost at US$20bil at end-Sept

Image from Vietnam News/ANN

HANOI, Oct. 27 (Xinhua) : Vietnam's agricultural product export is expected to continue to be a bright spot in the country's economic picture in 2023 thanks to domestic firms' efforts to exploit international markets, Vietnam News Agency (VNA) reported Friday.

The signing of new generation Free Trade Agreements with most developed economic regions has helped domestic businesses access many opportunities to expand and develop their markets, the agency reported.

According to the Ministry of Agriculture and Rural Development, the fruit, vegetable and rice exports are expected to achieve record turnover thanks to their outstanding growth in the first nine months of the year.

VNA cited the Vietnam Agricultural Processing and Export JSC as an example of domestic firms' efforts to exploit international markets.

The company, which specializes in exporting fruits, mostly canned pineapples, to the European Union, Asia and some other countries, has developed pineapple growing areas in many localities across Thanh Hoa province to ensure the supply of 100,000 tons of materials for export processing.

In the first nine months of 2023, export turnover of Vietnamese agricultural products reached US$19.54 billion, an increase of 16.7 percent year on year, according to the ministry.

Fruit and vegetable exports hit US$4.2 billion during the cited period.

Vietnam has set the agro-forestry-fisheries export target at 54-55 billion dollars by the end of this year. - Xinhua