Vietnamese farm produce exports should prosper in 2016
Vietnamese
farm produce exports are predicted to thrive this year due to increased
market demand and several free trade agreements Vietnam has signed.
The Ministry of Agriculture and Rural Development and
the Ministry of Industry and Trade have outlined a number of measures to help
domestic businesses
In the first two months of this year, Vietnam earned
nearly US$3 billion from exporting agricultural, forestry, and aquatic
products, up 9.7% from last year and making up 12.5% of the total export
revenue. Cashew nuts, rice, and coffee are among the items with the greatest
expected rise in export volume.
This year Vietnam’s farm produce exports are said to
boom due to market demands and the impacts of free trade agreements between
Vietnam and partners.
Vietnam’s main export markets are the US, the EU,
China, and Africa. The key market is the US, which is forecast to rise
strongly. Exports of vegetables and fruits in particular have grown, with
possible revenues of US$2 billion by the end
Nguyen Van Bich, a market analyst, suggests several
ways to ensure exports to demanding markets like the US, the EU, and Japan.
“The first and foremost thing we should do now is
restructure agricultural production and make more accurate market forecasts.
Vietnam has 11 major agricultural export items but many of them have found it
hard to grow any further, so we need to identify new agricultural products of
high potential and competitiveness", said Bich.
"For example, bananas could reach US$1 billion in
revenue. Vegetables could also earn billions of US dollar in profits. As far
that I know Malaysia, Indonesia, and Singapore have a high demand for
imported Vietnamese vegetables", he noted.
Vietnam’s
agricultural exports are facing challenges. In addition to quality and food
safety barriers, certifying product origin is a headache for Vietnamese
producers and exporters.
The Ministry of Agriculture and Rural Development and
the Ministry of Industry and Trade have stepped up planning and building
specialized material production zones and diversifying products. Farmers and
businesses are working hard to turn out qualified items that meet food
hygiene and safety standards.
Economist Vu Dinh Anh said both hard currency earners
and potential export products should focus on two things.
First, they should choose either quality or quantity.
Second, they should develop a brand for every agricultural export item",
Dinh Anh added.
To take advantage of international integration, trade
counsels abroad must work harder to create accurate market forecasts and
effective trade promotions.
The government,
meanwhile, has taken a number of steps to help farmers invest in new
technology, apply science and technology to production, preservation, and
processing, and strengthen links among farmers, processors, and consumers.
VOV5
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Chủ Nhật, 20 tháng 3, 2016
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