Vietnam's Agricultural Product Exports Expected to Soar by Year-End

The signing of new generation Free Trade Agreements with most developed economic regions has helped domestic businesses access many opportunities to expand and develop their markets, the agency reported.

According to the Ministry of Agriculture and Rural Development, the fruit, vegetable and rice exports are expected to achieve record turnover thanks to their outstanding growth in the first nine months of the year.

VNA cited the Vietnam Agricultural Processing and Export JSC as an example of domestic firms' efforts to exploit international markets.

The company, which specializes in exporting fruits, mostly canned pineapples, to the European Union, Asia and some other countries, has developed pineapple growing areas in many localities across Thanh Hoa province to ensure the supply of 100,000 tons of materials for export processing.

In the first nine months of 2023, export turnover of Vietnamese agricultural products reached 19.54 billion U.S. dollars, an increase of 16.7 percent year on year, according to the ministry.

Fruit and vegetable exports hit 4.2 billion dollars during the cited period.

Vietnam has set the agro-forestry-fisheries export target at 54-55 billion dollars by the end of this year.

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