To achieve this year’s target of US$65bil, the industry will accelerate significantly in the 2H25. — Vietnam News
HANOI: Vietnam’s total agro-forestry-fishery trade is estimated to have reached US$57bil in the first half of this year (1H25), with exports reaching US$33.5bil, up 14.3% year-on-year, according to the Agriculture and Environment Ministry (MAE).
Meanwhile, imports rose 12.8% to US$23.5bil.
This year will continue to be a year of significant fluctuations, with a complex global political and economic context.
Notably, the adjustment of the US tariff policies at the beginning of the year has had a considerable impact on agricultural, forestry and fishery exports.
To achieve this year’s target of US$65bil, the industry will accelerate significantly in the 2H25.
The ministry has developed scenarios and set specific targets for the remaining quarters of this year.
It targets achieving between US$14bil and US$15bil in the third quarter (3Q25) and accelerating exports in 4Q25 by leveraging the rising demand for agricultural products during the year-end holidays, aiming for a strong growth target of US$16bil or more.
Products such as coffee, tea, pepper, cashews, rubber and livestock products are expected to maintain their export momentum and make a significant contribution to the US$65bil target.
The coffee industry recorded a breakthrough performance in the 1H25, with an estimated export value of US$5.5bil, equivalent to the whole year’s target.
Although Vietnam’s coffee production mainly concentrates on the harvest season from December to April the following year, limiting supply in the 2H25, the sector is still on track to reach US$7.5bil by year-end, marking a 36.9% increase compared to last year.
To achieve the goal, coffee exporters will continue to explore new trade opportunities, especially with the European Union (EU) seeking to strengthen cooperation in Asia and the Middle East.
Additionally, efforts are being made to boost exports to major robusta coffee-consuming markets such as China, Japan, South Korea, the Philippines and Thailand.
In the long term, north-east Asia is considered a key market that could compensate for any decline if market share in the United States is affected, according to the ministry’s analysis.
The cashew industry has set an export target of US$4.5bil for the year, a slight increase of 2.7% compared with last year.
To achieve the goal, in addition to maintaining major markets such as the United States and China, the sector needs to ramp up trade promotion and adjust its export strategy toward markets with high demand but currently low market share, such as the Middle East, particularly the United Arab Emirates and Saudi Arabia. — Viet Nam News/ANN
