Agro-forestry-fishery posts highest GDP growth in decade
Monday, July 2,2018AsemconnectVietnam - The gross domestic product (GDP) value of agriculture, forestry and fishery is estimated to expand from between 3.95 per cent to 4.05 per cent in the first six months of 2018, the highest level in the last 10 years.
In cultivation, 32,800 hectares of ineffective rice land has been shifted to vegetables, fruit trees and perennial industrial trees with high economic efficiency. The use of high-quality varieties has been increased along with the expansion of large-scale fields of rice and other crops and the promotion of production according to Vietnamese Good Agricultural Practices.
Livestock production is generally favourable with stable prices of beef and poultry products. Some livestock products have been exported to markets with high requirements for quality, food hygiene and safety.
The UN Food and Agriculture Organisation (FAO) forecast that the global rice trade will continue growing along with the surge of tropical fruits and high demand for aquatic products.
Therefore, the country’s export of farm produce is likely to maintain higher growth than in the first six months and annual exports are projected to reach US$40-41 billion.
Coffee exports reached 1.2 million tonnes in first 8 months of 2023
FDI in Vietnam totaled over 18 billion USD in first 8 months of 2023
Vietnam’s exports and imports of goods increased in August
Textile, garment exports to Canada to likely reach US$2 billion
Vietnam steel market update: Prices hit 3-year low
Niche markets, opportunities for textile, garment exports
Vietnam seafood market update: Tuna exports narrow the decline
Over 416 million USD invested abroad in 8 months
Vietnam textile market update: Companies eye sustainable products
Infrastructure projects help attract industrial investments to Mekong Delta: Savills Vietnam
Vietnam markets closed for national holiday on Sept 1, Sept. 4
Business Update – August 31, 2023
DAILY: Vietnamese pepper prices remained unchanged on August 31
DAILY: Vietnamese coffee prices increased by 700 VND on August 31
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