Making news

US largest importer of Vietnam’s agro-forestry-fishery products

The US was the largest importer of Vietnamese agro-forestry-fishery products during January-November, with a turnover of 9.8 billion USD, up 22.3 percent year-on-year, according to the Ministry of Agriculture and Rural Development.

In the 11-month period, the US accounted for 26.2 percent of Vietnam’s total farm produce export revenue.

China came second by splashing out nearly 9.2 billion USD on the Vietnamese products, falling 6.6 percent from the same time last year, and making up of 24.6 percent of the country’s total.

According to the ministry, agro-forestry-fisheries export turnover reached 3.72 billion USD in November, raising the total figure in the first 11 months of this year to 37.42 billion USD, up 2.4 percent over the same period of 2019.

Meanwhile, the country imported about 28.05 billion USD worth of agro-forestry-fisheries products in the period, resulting in a surplus of nearly 9.37 billion USD, up 10.9 percent year on year.

Specifically, export earnings of major farm produce were 16.76 billion USD, a drop of 0.5 percent, while that of livestock reached 297 million USD, a fall of 18.5 percent, fisheries nearly 7.75 billion USD, down 0.9 percent, and forestry products 11.65 billion USD, up 15 percent year on year.

The ministry has rolled out various measures to remove difficulties facing the export of agro-forestry-fisheries products and broaden markets, in order to fulfil the goal of earning at least 41 billion USD from the export of the products in 2020.

The ministry will work with relevant parties to implement measures to balance the trade and tackle difficulties in trade for exporters.

Along with updating businesses on policies of markets, especially the EU, China, the US, Japan and the Republic of Korea, the ministry will hold an online meeting with the General Customs of China to discuss measures to further open the market of both sides, and to facilitate quick customs clearance in border gates between the two countries./.