An insightful seminar titled "Market Trends and Export Opportunities for Vietnamese Agricultural Products and Processed Foods in International Distribution Systems" was held in HCM City on Friday.
Viet Nam will also associate the export markets with domestic production according to value chains, ensure the quality and safety of exported rice, increasing the presence of Vietnamese rice and products processed from rice in direct distribution channels in markets.
Prime Minister Pham Minh Chinh said the Ministry of Industry and Trade should take advantage of the free trade agreements (FTAs) that Viet Nam has joined.
The Middle East region with a population of 400 million has emerged as a promising export market for Vietnamese businesses post pandemic, experts have said.
Viet Nam''s agricultural products are being exported to more than 180 countries and territories, particularly products moving from the mid-range market to the higher-end segment.
The Viet Nam Association of Seafood Exporters and Producers (VASEP) has said it will be difficult for seafood producers that export to the EU to maintain growth in the second half of this year.
South Korea was the largest export market for Vietnamese squid and octopus last year, accounting for 40 per cent of the total value, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).
The Viet Nam Northern Food Corporation (Vinafood 1) and Viet Nam Southern Food Corporation (Vinafood 2) won a bid last week to sell 14,000 tonnes and 15,000 tonnes of rice, respectively, to the Philippines.
Cassava is one of Viet Nam’s billion-dollar export products. But the starchy root’s dependence on a single export market as well as shrinking production supply areas have challenged the industry’s ambitious goal of reaching US$2 billion worth of exports by 2023.
The United States has maintained its leading position as Viet Nam''s largest export market having spent US$21.6 billion on Vietnamese products in the first half of the year.
The textiles and garment industry gained the second-largest export value in the first four months of this year, after the export value of phones and their components, according to the Ministry of Industry and Trade.
Viet Nam will focus on expanding the export market for agricultural products in the second quarter of this year, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.