Exports of cassava and cassava-based products were estimated to be worth US$443 million in the first four months of the year, a year on-year increase of 23.9 per cent.
Although ranked second in the world, Viet Nam''s coffee exports are plummeting. Sadly, the price of Vietnamese coffee exports is ranked close to the bottom, much cheaper than the same type of coffee from other countries.
Viet Nam’s agro-forestry and fishery processing industry has bright prospects in both export and domestic markets, but needs further measures to tap its potential.
The growth of vegetable and fruit exports slowed down significantly this year but the target of reaching US$10 billion in revenue in 2025 was still within reach, according to the Ministry of Agriculture and Rural Development.
Viet Nam’s seafood export turnover in November reached US$852 million, raising the total value in 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent.
Viet Nam expects rice exports to regain strength by the end of the year after a brief lull, said Tran Van Cong, deputy director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.
The price of pork has doubled against its price during the same period last year, reaching a record high over the past few years, according to the Ministry of Agriculture and Rural Development (MARD).
Viet Nam aims to increase the value of coffee products by processing more than 25 per cent of its coffee beans by 2020, according to the Processing and Market Development Authority.