Vietnam’s agro
export revenue drops 10pc
Vietnam saw an abnormal 10 percent fall in
agricultural and seafood export revenue in the first quarter of 2015,
official said.
Vietnam’s agro and seafood products need sustainable market strategies
Deputy Industry and Trade Minister Tran Tuan Anh said Vietnam had
posted consecutive first quarter growth in agricultural export revenue for
the 2011-14 period, but a sharp fall in prices of several key export items,
notably rice, rubber and tra fish, dragged down the first quarter result.
Geopolitical instability hit world
demand.
“Vietnam’s production of several
agro products like rice, coffee, rubber and seafood products has sharply
increased for recent years, and export capacity has reached saturation
point," Anh said.
"The country needs to take
measures to boost exports,” he said.
Vietnam reported a major fall in the exports of several key agro
products including rice, rubber and coffee as a result of fierce competition
in the world market.
Several countries that import agro
products from Vietnam
have recently been trying to intensify local production to reduce reliance on
imports. Rice exports to Indonesia
and the Philippines
have fallen.
Seafood exports to Europe and America have
been hit by anti-dumping tariffs, which hurt export revenues.
“The stronger US dollar is gradually
affecting demand in Vietnam’s
major export markets, including seafood in Europe, and seafood and fruit to Japan,” Anh
said.
Weak competitiveness of Vietnamese
products and poor trademark development will affect Vietnam’s
agro products exports in the long term, he said.
By Phuong Dung, dtinews.vn
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