Agriculture sector targets US$62 billion in export revenue by 2030

Ho Chi Minh City – The Ministry of Agriculture and Rural Development has targeted to reach US$62 billion in agro export revenue in 2030 aimed at turning Vietnam into a high-quality agro-forestry-aquatic exporter in the ASEAN and across the world.

Employees process corn for export. The Ministry of Agriculture and Rural Development has targeted to reach US$62 billion in agro export revenue in 2030 – PHOTO: VNA

Moreover, the agriculture sector will make great efforts to help Vietnam occupy a concrete position in the global supply chain of agro-forestry-aquatic products in the next decade. Vietnamese agro-forestry-aquatic items would meet all the requirements of foreign markets, the ministry said, referring to a scheme on promoting agro-forestry-aquatic exports by 2030, which has been sent to the prime minister for approval.

Specifically, by 2030, the sector is expected to export agricultural products worth US$25 billion, forestry items worth some US$16-17 billion, aquatic products of US$15 billion, livestock products of some US$3-4 billion and some other items in the field worth US$2 billion.

Besides, the annual growth rate of exports of agro-foresty-aquatic products is set to hit 6-8%. Some 40% of local agro-forestry-aquatic items for export would be tagged as national brands, 70% of products will be convenient for traceability and approximately 60% of them are processed and highly-processed items.

By 2025, the sector targets its outbound sales at US$52 billion—US$22 billion of agro products, US$14 billion of forestry items, US$12.5 billion of aquatic products and some US$3 billion of livestock and other products. Further, some 20% of exported items would be tagged as national brands and 50% of products will be convenient for traceability.