Agriculture

The new office of USDA launched in Hanoi this February would pave the way to expand the US’ $2.5 billion-dollar agricultural export market in Vietnam.

Truong Hai Auto Corporation (THACO) inaugurated its agricultural machinery factory at Chu Lai Open Economic Zone in Quang Nam province on February 21.

The Office of Hanoi People’s Committee has recently issued Official Letter No. 910, requesting city’s relevant agencies and sectors to guide how to improve human resources of agricultural cooperatives.

Vietnam is striving to accelerate agricultural restructuring towards large-scale and high-tech production in a move to have the sector contributing a bigger amount to the country’s gross domestic product (GDP).

Rice exports in the first quarter are optimistic thanks to rising demand amidst limited supply sources.

Vietnam will sell state stake in the Southern Food Corporation (Vinafood 2) through an initial public offering (IPO) on March 14.

The Mekong Delta province of Vietnam has revamped its mango farming towards lower price, higher quality and value, GAP standards, and market-led production.

The Ministry of Agriculture and Rural Development estimated that rice exports in the first month of the year surged by 56.5% to 524,000 tons.

Vietnam’s agricultural and fisheries products have contributed significantly to the country’s high value export in 2017.

More domestic agricultural producers have invested significantly in building and protecting their brands in the past few years, seeing it an effective measure to boost their exports.

In 2017, Vietnam’s cashew export reached 353,000 tons worth US$3.52 billion, according to statistics from Vietnam Cashew Association (Vinacas).

Vietnam ranked fifth in the list of Top 10 largest rice producing countries in the world in 2017, according to The Daily Record.

Growth rate of the agriculture sector this year was planned at least 3 percent, with export turnover contributing some US$40 billion, according to the Ministry of Agriculture and Rural Development.

The Prime Minister Nguyen Xuan Phuc targeted the growth rate in Vietnam’s agricultural sector to be at 3%, while export value for agricultural products to reach 40 billion USD.

According to the latest report of the Ministry of Agricultural & Rural Development, in 2017, Vietnam’s seafood export reached the all time high of 8.3 billion USD.

The Japan International Cooperation Agency (JICA) and Hanoi investment, trade, and tourism promotion agency on December 25 held a seminar to boost ties among producers, distributors and consumers in agriculture.

Export value of vegetables and fruits of Vietnam from the beginning of 2017 to December 15 reached 3.345 billion USD, up 45% compared to the same period of last year.

FLC Group will join hand with Japan’s Farmdo Company to invest US$1.5 billion in hi-tech agriculture in Vietnam in the next three years.

As competition in retail market is becoming fiercer, domestic retailers are actively forming linkages from production to distribution, with an aim to improve competitiveness.

Vietnam’s exports of food and agricultural products to the United States will reach 11 percent this year with key export staples of seafood, cashew nuts and coffee.