Agriculture sector continues to focus on three key programmes
The agriculture sector remains determined to fulfill its set targets, focusing efforts on boosting exports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development, and agricultural restructuring in the second half of the year, heard a press conference on July 3 in Hanoi.
Hanoi (VNA) – Theagriculture sector remains determined to fulfill its set targets, focusing efforts on boostingexports and implementing three major programmes – the resolution on agriculture, farmers and rural areas, the strategy for sustainable rural development,and agricultural restructuring in the second half of the year, heard a press conference onJuly 3 in Hanoi.
Addressing the conference, Vu Van Viet, Director of the MARD’s PlanningDepartment, said rapid growth was recorded inagricultural exports, particularly in rice, fruits, and vegetables, in thefirst six months of 2023.
The new-style rural area building development programme also achieved positive results. Meanwhile, the ministry has disbursed nearly 3.1 trillionVND (over 131.1 million USD) of public investment capital, equivalent to 31.4% of the set plan, which is one of the highest rates among ministries and central agencies.
Participants at the press conference (Photo: VNA)
According to the General Statistics Office (GSO), total agro-forest-aquaculture production value in H1 picked up 3.1% and the sector's GDP 3.07%.
Viet said although agro-forest-aquaculture export turnover dropped by 11% to 24.59 billion USD, the export value of key farm products was seen as a bright spotof the sector in the reviewed period when reaching 12.79 billion USD, up 12%year-on-year and that of animal husbandry products surged 26.5% to 232 million USD.
China, the US, and Japanremained the biggest importers of Vietnamese agro-forestry-aquacultureproducts, with the export value to China accounting for 21.4% of the total, up7.7%. Exports to the US, making up 20.2% of the total, dropped 32.9% and to Japan, down 5.3%.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien said thesector is working hard to complete its goals set for the year, including a 3.0 - 3.5% growth in GDP and between 54 - 55 billion USD of export value./.
Agriculture remains a bright spot in the overall gloomy export picture in the first five months of this year, with agro-forestry-aquaculture export turnover in May rising 9.5% month-on-month and 8.5% year-on-year to reach 2.9 billion USD.
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The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
Illustrative image (Photo: nongnghiep.vn) 
Participants at the press conference (Photo: VNA) 
