Agriculture exports approach $31 billion

Dec 26th at 13:24
26-12-2014 13:24:02+07:00

Agriculture exports approach $31 billion

The agricultural sector has recorded an export turnover of nearly $31 billion this year, a year-on-year increase of 11.2 per cent, the Ministry of Agriculture and Rural Development reported yesterday.

 

Among the high export revenue earners were coffee, cashew, pepper and rice, the ministry said at a workshop held to review the sector's performance this year and discuss plans for next year.

Farm produce topping the US$1 billion export mark include rice, coffee, rubber, fruits and vegetables, shrimps, tra fish and forest products, the report said.

It was the first time that the export of Vietnamese fruits posted a turnover of more than $1.5 billion, a year-on-year increase of 34.9 per cent.

The agriculture sector's GDP growth rate was 3.3 per cent, higher than the set target of 3.27 per cent.

The results can be attributed to positive changes made in the agricultural restructuring process and effective implementation of the national programme on building new rural areas, said Agriculture Minister Cao Duc Phat.

Better disease prevention and control has also helped, he said,

Welcoming the achievements, Deputy Prime Minister Hoang Trung Hai said the agricultural sector still had great potential and advantages for further development.

He said this year's positive results would create the momentum needed for strong development of the sector in 2015.

However, he also pointed to several shortcomings.

Farmers' incomes remained low, the application of science and technology in agricultural production still lagged behind, there was gap between research work and their application in the field, and a lack of linkages between farmers, scientists and businesses, he said.

Hai said the agriculture sector needs to continue its restructuring process, increase output and quality of produce, and become more competitive.

He said the sector should implement policies to attract investment into processing and stressed the need to develop more export markets for farm produce.

Minister Phat said that the sector aims to increase its production value by 3.5-3.7 per cent in 2015 and reach an export turnover of $32 billion.

Towards this, there would be added focus on research to produce better crop varieties, apply modern technology in processing and preservation as well as reducing post-harvest losses, the Minister added.

bizhub



NEWS SAME CATEGORY

First flight from revamped airport terminal takes off

Vietnam Airlines became the first firm to utilise the newly built T2 international terminal at Noi Bai Airport, with its Singapore flight VN661 taking off from here...

Ruble crisis not a big worry for Vietnam

The ruble depreciation is believed to be only a temporary uncertainty and will not have an enormous impact on Vietnam’s economy, government officials say.

Will Vietnam sells its best shipbuilder to the Netherlands?

Experts have warned that Vietnam will fail to develop its shipbuilding industry if it sells Song Cam – the best and only profitable shipbuilder – to Damen company...

SCG named Asean Admired Brand

ASEAN’s leading industrial conglomerate SCG has just received ASEAN’s Golden Trophy 2014 and the award of “ASEAN Admired Brand”.

Metro Cash and Carry wants temporary staff for Tet

Metro Cash and Carry Viet Nam plans to recruit nearly 2,000 seasonal staff to work at 19 branches across the country, reports Vietnamplus.

CPI growth hits 13-year low

The December consumer price index (CPI) fell by 0.24 per cent from the previous month, declining for the second time consecutively in the year-end months, said the...

63 businesses receive brand awards

Sixty-three businesses received Viet Nam Value Awards for strong brand names at a ceremony in Ha Noi on Tuesday.

Vietnam cooperative displays Da Lat, Chinese produce in pairs to reveal clear difference

An agriculture cooperative is taking advantage of a fruit and vegetable fair in Da Lat to show consumers how the green products grown in the Central Highlands city...

Economic highlights in 2014

The national economy has witnessed positive changes in 2014 with the following five remarkable signals.

Rouble depreciation affects Vietnamese market

Analysts predicted that imports from Russia will increase sharply since Russia-made and Russian-sourced products have become cheaper.


MOST READ


Back To Top