Vietnamese agricultural products towards high value market

18/09/2022 HCMC foodex

Kinhtedothi – Despite continuing to face many difficulties and challenges, Vietnam’s agricultural exports in the first 5 months of 2022 have had remarkable growth…

The drastic intervention of the authorities as well as the initiative of the business community in solving the problems posed from reality will create a driving force for the new success of agricultural exports in 2022.

Optimistic growth rate

Information from the Ministry of Agriculture and Rural Development, in the first 5 months of 2022, export turnover of agricultural products reached nearly 23.2 billion USD, up 16.8% over the same period last year. In which, the export of main agricultural products reached over US$9.4 billion, up 10.4%; main forest products reached nearly 7.7 billion USD, up 7.6%; seafood was estimated at nearly 4.8 billion USD, up 46.3%.

Also in 5 months, there were 9 products/product groups with export value of over 1 billion USD, which are: Coffee nearly 2 billion USD (up 54.0%); rubber reached over 1 billion USD (up 12.0%); Pangasius reached 1.2 million USD (up 91.2%), shrimp reached over 1.9 billion USD (up 42.7%), wood and wood products reached nearly 7.2 billion USD (up 6.9% y/y). )…

Đóng gói thanh long xuất khẩu tại Tiền Giang. Ảnh: Vũ Sinh
Packing dragon fruit for export in Tien Giang. Photo: Vu Sinh

Notably, pangasius was the fastest growing commodity when it reached 1.2 billion USD in the past 5 months, up 91.2% over the same period last year. Deputy General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP) To Thi Tuong Lan said that pangasius exports to major markets such as the US and EU are positive due to the high price of pangasius for export. of domestic processing enterprises compete well and pangasius is an alternative source for some white fish segments that are in short supply with supply from Russia.

It is forecasted that pangasius export prices in all markets will increase, pangasius exports in 2022 will increase by 20-25% compared to 2021; Pangasius export price is forecasted to increase by about 5%. Meanwhile, import markets are recovering and growing well, mainly in 4 groups including: China (31%), US (23%), CPTPP (13%) and EU (6.6%). .

Regarding the export market of agricultural, forestry and fishery products in the first 5 months of 2022, the largest market still belongs to the US, reaching nearly 6.5 billion USD, accounting for 28.0% of the market share. The group of wood and wood products accounts for 67.5% of Vietnam’s agricultural, forestry and fishery export turnover to the US market.

The second is the Chinese market with over 4.1 billion USD, accounting for 17.8% market share; with export turnover of vegetables and fruits accounted for 20.8. In third place is the Japanese market with an export value of over $1.6 billion (accounting for 7.0%) and exporting the largest group of wood products (accounting for 43.8%). The fourth is the Korean market with an export value of over $1.1 billion (accounting for 4.8%) and the export of wood products accounting for 44.2%.

Analyzing export markets, Director of the Department of Agricultural Product Processing and Market Development (MARD) Nguyen Quoc Toan said that items such as rubber, fruits, vegetables, timber and forest products and aquatic products products… are forecasted to have a large growth in exports.

For example, rubber products, in the period of 2022 – 2024, world rubber may enter a quite strong price increase cycle because the supply is decreasing. Therefore, Vietnam’s rubber exports can continue to benefit in price, the total value of rubber exports in 2022 is forecast to exceed $3.6 billion.

Economic experts say that Vietnam’s agricultural, forestry and fishery exports in 2022 are optimistic because the world’s demand has increased after the Covid-19 epidemic. According to trade counselors in many countries, markets and consumers in Europe and America, Asian people are also gradually knowing and preferring Vietnam’s key agricultural products such as coffee and fruit. fresh. This shows that the export opportunities of Vietnam’s coffee and fresh fruit in 2022 are still very optimistic.

Towards the high-value, fastidious market

Although agricultural exports have enjoyed good growth since the beginning of the year, according to experts, this activity in the coming time will face many difficulties and challenges from difficult risk factors. measure of the Covid-19 epidemic, inflation and especially the conflict situation between Russia and Ukraine.

Worth mentioning, sea freight rates have not shown any signs of cooling down, production costs are still high… are still challenges that exporters of agricultural products must face in 2022.

In order to promote the export of agricultural products, along with focusing on monitoring, capturing and synthesizing information and data on prices, production situation and supply of local agricultural products in the country in terms of conditions. Recently, the Ministry of Agriculture and Rural Development is updating the software system to data supply and demand for agricultural products from the locality; strengthen connectivity, remove difficulties, and promote product consumption in key production areas and at major border gates with China.

“The ministry always closely directs specialized units to focus on solving and handling problems of the market, especially the Chinese and American markets. Particularly for the Chinese market with the “Zero Covid” policy, in fact, there are still shipments of Vietnamese enterprises that are warned about Covid-19. Therefore, businesses need to pay special attention to the stage of packaging, loading goods into containers … to ensure in disease control “- Minister of Agriculture and Rural Development Le Minh Hoan affirmed.

Clearly defining the quality control of agricultural products not only opens the door to official export, but also opens the market for Vietnamese agricultural products, especially in markets that bring high value and are difficult to find. Therefore, the Ministry of Agriculture and Rural Development will strengthen the update and timely notification of food safety regulations of the markets to businesses, local authorities, and farmers to apply appropriate production processes and control indicators. food safety standards before export.

On the other hand, the agricultural sector will not stop promoting market opening activities. Specifically, the agricultural sector will prepare content to work bilaterally with the authorities of the countries: Britain, Germany, France, Spain, Korea and develop a scheme to promote the export of agricultural, forestry and fishery products to the country. Europe, the United States, China, Japan.

For example, in June 2022, the Department of Agricultural Product Processing and Market Development (MARD) agreed on a plan to monitor and handle export lychees in the 2022 crop year in the context of the Covid-19 epidemic; organize a trade delegation to promote the supply chain of fruits and seafood in China.

Providing solutions to diversify export markets, Minister of Industry and Trade Nguyen Hong Dien said that through many digital trade promotion programs, the Ministry continues to support enterprises in general and agricultural product exporters to boost sales. effectively exploit the free trade agreements (FTAs) signed with countries and territories, especially FTAs ​​with the Eurasian Economic Union; countries in the Asia-Pacific region.

Currently, the Ministry of Agriculture and Rural Development is coordinating with the Ministry of Industry and Trade in assessing and forecasting the situation in a timely and accurate manner; jointly find solutions to stabilize production and supply for the domestic market as well as for export of agricultural products. Especially, focus on exchanging and negotiating with other countries to bring Vietnamese agricultural products into these markets. In addition, the two ministries also stepped up support for businesses to exploit both traditional markets and access new markets. Along with that, promptly remove difficulties and bottlenecks in exporting agricultural products.