A working group from Vietnam plans to visit agricultural suppliers in the US, with a view to importing agricultural products and technologies to support domestic production and consumption.
A Vietnamese working group led by Vice Minister of Agriculture and Rural Development Le Quoc Doanh is scheduled to visit the US from February 24 to 29 to seek greater cooperation in agricultural trade.
Illustrative photo. |
The group consists of 19 enterprises and one associations specialized in production of cereals, animal feed, meat, milk products, seafood, vegetables, wooden products, fertilizer and chemicals.
According to the working program, the group would visit agricultural suppliers in the US, with an aim of importing agricultural products and technologies to support domestic production and consumption; promoting cooperation and agro-forestry-fishery trade between enterprises from the two countries; looking for opportunities for technology transfer in agricultural sector towards the development of domestic production chain and addressing pending issues in bilateral agricultural trade.
US exports to Vietnam have been rising steadily from US$9.35 billion in 2017 to US$14.37 billion in 2019, a 53% increase in two years. For fresh fruits, export turnover from the US to Vietnam increased from US$210 million to US$304 million during the period, up 51%.
The Ministry of Agriculture and Rural Development gives priority to cooperation with US partners inr hi-tech farming and organic agriculture, targeting an increase of US$3 billion in agricultural exports in the coming time.
Farm produce shipments from the US to Vietnam have increasing steadily recently, helping to ease the widening trade deficit with Vietnam.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong said Vietnam’s agriculture is among the hardest-hit sectors as exports to China are poised to plunge under the effect of Covid-19.
China is currently one of the major export markets for Vietnamese fisheries and agricultural products, accounting for 22 – 24% of the country’s farm exports.
Cuong, nevertheless, said this would be an opportunity for Vietnam to restructure the agricultural sector to avoid dependence on a single market.
Other News
- Hanoi to develops craft villages for sustainable growth
- Deputy PM calls for review and improvement of value chain mechanisms
- Hanoi boosts sustainable aquaculture with high-tech farming
- Hanoi craft contest to fosters artisanal preservation
- Hanoi expands safe supply chains
- Farm economy – bright spot of Hanoi agriculture in 2024
- Conservation and promotion of medicinal plants in Hanoi
- More than 100 four-star OCOP products recognized in 2023
- Italy expects to become Vietnam’s leading agricultural partner
- Hanoi cooperatives expect breakthrough in 2024
Trending
-
Where do Vietnamese prefer to go for their next holiday?
-
Vietnam news in brief- April 19
-
Vietnam among Asia-Pacific's fastest growing economies: FedEx
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen
-
Hanoi street where dead appliances come back to life
-
Vietnam’s economy urged to rely on internal strengths to weather global uncertainties: ADB
-
Vietnam, Thailand advance realization of “Three Connections” strategy
-
MICHELIN Guide sets its sights on Vietnam’s central region