Amid global trade uncertainties, Vietnam is prioritising compliance with international market requirements to maintain and expand its agricultural exports.

The EU has tightened food safety checks on Vietnam’s exports, issuing 130 warnings in 2024 over pesticide residues and microbial contamination.

In the long-term, enterprises hope that the Government will manage exchange rates flexibly to benefit exports and prioritise reasonable loan quotas for agricultural exports as domestic raw material prices increase.

The European Union (EU) is currently implementing stricter regulations regarding food safety and sustainability for fresh agricultural products, forcing Vietnamese exporters to take measures to adapt.

The European Union (EU) is currently implementing stricter regulations regarding food safety and sustainability for fresh agricultural products, forcing Vietnamese exporters to take measures to adapt.

Vietnam’s agro-forestry-fisheries exports are projected to reach over 62 billion USD in 2024, and continue to grow next year, heard at a conference in Ho Chi Minh City on December 16.

Vietnam’s agricultural product exports are on track to achieve an unprecedented milestone, with projected revenue reaching 60-61 billion USD this year, up 7-8 billion USD compared to 2023.

Vietnam’s export of agricultural products will continue facing many challenges due to changes in countries, according to experts.

Vietnam’s agricultural sector is receiving a series of exciting milestones, with record-breaking exports in rice and coffee. Additionally, fruit exports have reached $6.34 billion in just the first 10 months of this year.

After months of record highs, areca nut prices have plummeted as Chinese buyers reduce orders, impacting farmers across Vietnam’s central provinces.

With swift production recovery and continued growth, Vietnam's agricultural sector could potentially surpass the 60 billion USD export target, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.

Vietnam has recorded 11.8 billion USD in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Vietnamese agricultural exports to the U.S. have seen a significant surge, with wood products alone adding over a billion USD to the export totals, marking a robust recovery and growth in trade between the two nations.

China is a top export market for Vietnam’s farm produce, with $7.04 billion worth of produce exported in the first seven months of 2024, an increase of 11.3 percent over the same period last year.

Statistics indicate that Vietnam received 57 warnings from the EU in the first half of this year, representing an increase of more than 80 per cent compared to the same period last year.

“Many buyers have come and placed orders. Sometimes we receive several groups of buyers each day,” said Phan Minh Thong, chair of Phuc Sinh Group.

Vietnam is No 1 in the world in both output and export of coffee and pepper.

Vietnam’s squid and octopus exports to the RoK are forecast to rise in the first quarter of 2024, she said, noting that shrimp is also a key aquatic export to the market.