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Agro-forestry-fishery exports will reach the target of US$54 billion in 2023

In 2022, the export turnover of agricultural, forestry, and fishery products is projected to reach a new record of US$53.22 billion. The agricultural sector aims to further increase this figure to US$54 billion in 2023.

At a press conference discussing the accomplishments of 2022 and key objectives for 2023 organized by the Ministry of Agriculture and Rural Development on December 30th, Mr. Nguyen Van Viet, Director of the Planning Department, stated that despite facing high input costs and reduced orders due to inflation in other countries, the agriculture, forestry, and fishery sectors will continue to play a "supportive" role in the economy, marking a breakthrough in the export of agricultural products. These achievements reflect the industry's innovative, safe, and resilient efforts to overcome difficulties and challenges.

Furthermore, the market for product consumption has continued to expand, both in terms of categories and products, with a focus on the domestic market and the swift removal of many trade barriers.

Accordingly, the export turnover of agricultural, forestry, and fishery products in 2022 is expected to reach US$53.2 billion with a trade surplus of US$8.5 billion. There will be 11 products with a value of over US$1 billion, including two new products: fertilizers and feed and feed ingredients. Additionally, the industry have 7 products or product groups with a turnover of over US$3 billion, including wood and wood products, shrimp, coffee, rice, rubber, vegetables, and cashew.

Mr. Nguyen Van Viet anticipates that in 2023, the economy will continue to face numerous difficulties and challenges, such as inflationary pressure and a sharp increase in production costs, the increasingly obvious and extreme effects of climate change, changes in demand and new consumption patterns, and the impact of the Russia-Ukraine conflict.

Source: Vietnamnet

Despite the challenges faced, the agriculture and rural development sector still aims to achieve a 3% GDP growth rate in 2023, with a total export turnover of US$54 billion. Additionally, the goal is to have 78% of communes meeting new rural standards and at least 270 district-level units meeting the standards or completing the task of building new countryside.

To attain these objectives, the agricultural sector will continue to promote restructuring, improving productivity, the quality of agricultural products, and production and business efficiency. There will be a strong focus on developing the market for consumption of agricultural, forestry, and fishery products both domestically and for export. The sector will also strive to build a value chain for each agricultural product, associated with the development of agricultural and rural logistics infrastructure, ensuring the supply chain of the domestic market.

Moreover, the sector will innovate and develop forms of production and business organization in agriculture, forms of cooperation, and linkage in production and consumption of agricultural products along the value chain, connecting the global consumption system.

Mr. Phung Duc Tien, Deputy Minister of Agriculture and Rural Development, stated that in 2022, the main targets of the industry will all meet and exceed the Government's assigned. In particular, the industry-wide value added (GDP) reached 3.36%, the highest increase in recent years. Building on the success of 2022, the agricultural sector will continue to promote its advantages in agricultural products and open more markets in 2023. The entire agriculture and rural sector will continue to accelerate restructuring towards development, with a focus on developing ecological, modern agriculture, and circular economy.

At the same time, the sector will focus on removing difficulties and obstacles, minimizing negative impacts of the epidemic, and market fluctuations to increase exports, taking advantage of opportunities from bilateral and multilateral free trade agreements for Vietnamese agricultural products. "The growth figures and market structure show a very clear shift from agricultural production to the agricultural economy. Agriculture is going from 'brown to green'. In which, control of pesticides in fields; fertilizer quality control," Mr. Phung Duc Tien shared.


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