HANOI: The agriculture sector is forecast to earn US$41bil (RM170bil) from exports this year, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT).
To achieve this goal, developing processing is key to raising product value to increase export earnings, which is also in line with the government’s goal of entering the top 15 countries with advanced agriculture, and top 10 with modern farm produce processing industry.Efforts to modernise and further promote technology application in post-harvest processing have resulted in an increase of between 5% and 7% in the agriculture sector’s annual added value, pushing the average export turnover up by 8% to 10% per year.