Vietnam surpasses COVID-19, potentially reaching an export turnover of 41 billion USD



It is expected that by 2020, the export turnover of agriculture, forestry and fishery products will reach 41 billion USD, many industries have overcome the epidemic COVID-19 for good growth.
Vietnam covid 19 service with the ability to purchase 40 dollars worth of export gold

Coffee is one of 6 groups, commodities with an export value of over 2 billion USD in 2020. Photo: Vu Long

Export "bounced back"

According to the Ministry of Agriculture and Rural Development (Agriculture and Rural Development), 2020 is a challenging year for the agricultural sector when faced with double difficulties due to the complicated global COVID-19 epidemic; extreme weather patterns; natural calamities cause damage to both human and plant and animal areas; disease in livestock and poultry causing heavy damage to livestock production ...

Consumption markets for some agricultural products tend to decrease and are affected by the trade war between major economies, and developed countries tend to protect domestic production through increasing goods. Technical barriers make  exporting  agricultural products many obstacles, importing raw materials for agricultural production is also difficult, affecting domestic production ...

According to Dr. Nguyen Quoc Toan - Director of Department of Agro-Processing and Market Development (Ministry of Agriculture and Rural Development), with the efforts of both the political system and the agriculture and rural development sector, in the first 11 months of 2020, the export value  of  commodities The results of agriculture, forestry and fishery have been satisfactory.

“The trade balance of Vietnam's agriculture, forestry and fisheries sector is estimated to reach a surplus of 9.36 billion USD, up 11% compared to the same period in 2019; Export turnover of agriculture, forestry and fishery products in the first 11 months of 2020 reached 37.4 billion USD, up 2.3% over the same period in 2019 "- Dr. Nguyen Quoc Toan information.

Despite complicated developments of COVID-19 globally, many agricultural, forestry and fishery products still achieved higher export value over the same period, such as: rice increased by 10.4%, cassava by 2, 3%, wood and wood products up 14.1%. In particular, some products such as wood and forest products, seafood, vegetables, coffee, cashew nuts, rice ... continue to be the key export products of Vietnam "- Dr. Nguyen Quoc Toan emphasized strong.

In 2021: Continue to restructure, promote export through official channels

Economic experts all forecast that by 2021, the world economy will continue to develop complicatedly and unpredictably, reflected in strategic competition, trade war, competition for resources, markets, technology, high-quality human resources among countries are increasingly fierce ...

Vietnam covid 19 service with the ability to purchase 40 dollars worth of export gold
Rice exports will continue to break through in 2020.

To achieve an export turnover of 40-42 billion USD, the agricultural and rural development sector needs to drastically restructure the sector. According to Mr. Pham Thai Binh - General Director of Trung An Hi-Tech Joint Stock Company, for fruits, vegetables, tubers and fruits, the advantage of Vietnam is that there are tropical, rich and diverse products that do not compete with goods of temperate countries, with intensive investment from cultivation to closed chain processing ...

Vietnamese timber also made a breakthrough because Vietnam has been proactive in raw materials due to the vast forests stretching across the country, Vietnam enjoys preferential trade agreements with other countries. Others also export timber but do not have this advantage.

From a management perspective, Dr. Nguyen Quoc Toan emphasized: In 2021, we will continue to focus on key industries such as furniture, seafood, especially the fruit industry that needs to be processed to add value. . Besides, maintaining the supply of rice and products after rice, organic agricultural products; focus on China, EU, US, Japan, South Korea ...
Source: Lao Dong Newspap

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