Hanoi (VNA) – Theagro-forestry-fishery sector recorded a trade surplus of over 1 billion USD inthe first two months of 2020, a year-on-year rise of 18.4 percent.
In January-February, the country’s total exportturnover of agro-forestry-aquatic products was estimated at 5.34 billion USD,down 2.8 percent against the same period last year, while the import turnover fell6.7 percent to 4.3 billion USD.
Declines were seen in tra fish (27 percent),cashew nuts (17 percent), rubber (16 percent), and fruits and vegetables (12percent).
The four main export markets for Vietnam’sagro-forestry-fishery sector are China, the US, the European Union, and theAssociation of Southeast Asian Nations.
The Ministry of Agriculture and RuralDevelopment (MARD) said it has coordinated with relevant ministries andlocalities to carry out trade promotion activities in new markets and attemptedto boost domestic sales.
The General Statistics Office said theagro-forestry-fishery sector expanded 2.01 percent in 2019, contributing 4.6percent to the year’s gross domestic production growth.
Meanwhile, the MARD estimated agro-forestry-aquaticproduct exports for 2020 at 41.3 billion USD, rising 3.2 percent year onyear./.
The Ministry of Agriculture and Rural Development held a conference in Hanoi on February 3 to seek ways to promote the trade and production of farm produce, given the complicated development of the acute respiratory disease caused by the novel coronavirus (nCoV) which originated in China’s Wuhan in late December 2019.
Vietnam has planned drastic measures to support exports following the suspension of cross-border trade with China due to the novel coronavirus, known as 2019-nCoV.
A delegation of firms from Singapore was expected to visit Vietnam at the end of this month to seek fruit and vegetable suppliers, as imports from China were declining due to the outbreak of novel coronavirus (COVID-19).
A delegation of the Ministry of Agriculture and Rural Development (MARD) led by Deputy Minister Le Quoc Doanh is on a visit to the US to enhance cooperation and farm produce trade from February 24-29.
Vietnam and the US still hold huge potential for cooperation in farm produce trade, and the two countries should not compete in trade but supplement each other, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has said.
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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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Dragon fruits for exports (Photo: VNA) 
