Agricultural, forestry, and fishery trade surplus hits record of nearly 18 billion USD

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Deputy Minister of Agriculture and Rural Development Phung Duc Tien noted that the sector's economic structure and agricultural production have continued to shift and adapt effectively, integrating multi-value approaches. This includes focusing on increasing the proportion of sub-sectors and products with competitive advantages and high value linked to market demands.

The MoARD has approved and implemented initiatives to boost agricultural, forestry, and fishery exports to major markets (the US, China, Japan, and the EU) since 2023. These efforts, combined with strategies to open up new potential markets and negotiate new orders in 2024, have yielded significant results.

The Ministry has implemented mechanisms and policies for trade promotion, market access negotiations, and market development to enhance exports; as well as proactively addressed food safety issues and handled warnings about shipments flagged in import markets.

In collaboration with embassies and commercial counselors in various countries, the MARD has established channels for market information exchange, promotion, and advertising of officially approved and directly exported products. It has also accelerated the use of information technology for data collection, guidance, and issuing cultivation and farming area codes, along with traceability for agricultural, forestry, and fishery exports.

Functional units have intensified research, market forecasting, and timely orientation for organising production and consumption of agricultural products. They have caried out trade defence measures and technical barriers consistent with international commitments, as well as negotiated and signed mutual recognition agreements.