22 May 2023

In recent years, the export of agricultural, forestry and fishery products has been affected by the "shaking" of the market. The Ministry of Industry and Trade has had many effective and timely support solutions.

Agro-forestry-fishery has been present in 180 markets

The year 2022 is a difficult time for the world economy and Vietnam cannot avoid heavy impacts, especially on our country's import and export activities.

However, the total export turnover of our country's goods in 2022 is estimated at 371.85 billion USD, up 10.6% over the previous year. An impressive number in the context that many countries around the world are still facing negative growth, trade activities are significantly limited.

Agriculture, forestry and fishery is one of the important export industries of Vietnam, contributing positively to the overall export turnover of the country. In 2022, the export of agricultural, forestry and fishery products will bring in 53.2 billion USD, far exceeding the record of 48.6 billion USD in 2021.

Entering the first months of 2023, difficulties in production and a decrease in export orders made the export turnover of goods in the first 4 months of 2023 estimated at 108.57 billion USD, down 11.8% compared to the same period last year. period of the previous year.

Particularly for agricultural, forestry and fishery products, according to the report of the Ministry of Agriculture and Rural Development, export turnover only reached 15.66 billion USD, down 13.3% over the same period last year.

In the general picture of agricultural, forestry and fishery exports, which is somewhat less bright, there are still industries and fields with high export turnover in the first 4 months of 2023, specifically, rice increased by 54.5%, vegetables increased by 54.5%. fruit increased by 19.4%; cassava increased by 26.3%.

Experts said that economic integration brings great opportunities for Vietnam in expanding markets and exporting agricultural, forestry and fishery products. Up to now, Vietnam's agricultural, forestry and fishery products have been present in 180 markets around the world. Many agricultural products of Vietnam hold leading positions in world exports such as coffee, rice, tea, cashew nuts, etc.

Notably, the Ministry of Industry and Trade has been agile, renewed trade promotion, opened many new export markets such as fresh lychee to Japan, pomelo to Chile, passion fruit to Europe. ..

In addition, online trade promotion activities have helped Vietnamese exporters save on trade promotion costs while maintaining and developing good relations with foreign partners across 5 continents.

Particularly in some industries such as furniture production, promoting development on online channels such as Alibaba.com is considered a turning point in bringing Vietnamese agricultural products to more international customers.

Effectively exploit opportunities from FTAs

In the context that the US and EU economies are major trading markets of Vietnam, the growth rate is less than 1% and the possibility of recession is not excluded. Emerging and developing economies recovered more difficult, growth slowed. Inflation is still high in many countries, leading to the trend of tightening monetary - interest rates is expected to continue in the near future.

Stable high prices of food and agricultural inputs are a serious challenge for developing countries, energy prices may still fluctuate due to the conflict in Ukraine and the relatively strong recovery of the Chinese economy. Country.

The real estate market in many countries declined sharply, directly affecting many manufacturing industries and fields, increasing risks to the financial, currency and corporate bond markets.

Most recently, the difficulties of many banks in the world, those of banks in Europe, typically the collapse of Silicon Valley Bank (SVB), if prolonged, may affect international trade activities. Vietnam economy...

These trends will reduce the demand for goods and affect new investment, thereby affecting the production and exports of countries, including Vietnam's agricultural, forestry and fishery products.

On the other hand, international economic integration creates strong competition in both domestic and foreign markets. The needs of the markets change and the requirements for quality standards are increasing. The change in import policies of other countries, the increase in technical barriers, trade remedies, etc. will greatly affect the export of agricultural products.

In that context, the Government and the Prime Minister correctly identified the situation, drastically directed, urged, and flexibly operated to harmonize immediate and long-term goals; promote the initiative, dynamism and creativity, drastically implement solutions for economic recovery and development, and ensure social security.

The Resolution of the 13th National Congress of the Party also sets out the task of recovering and developing socio-economic, strongly renovating the growth model, restructuring the economy, building complete synchronously the development institutions suitable to a full, modern and integrated market economy; develop synchronously and create linkages between regions, regions, economic sectors, production and business types; have policies to effectively support enterprises in agriculture;…

On the basis of the viewpoints, direction and direction of the Party, Government and Prime Minister, the Ministry of Industry and Trade has thoroughly grasped and concretized by programs and action plans, especially closely following the situation of the Government. changes in the world economy to flexibly operate, focus on reviewing, organizing and implementing drastically and quickly the proposed key tasks and solutions; promptly remove difficulties and obstacles in order to mobilize all resources for development.

With the goal of sustainable import-export development with a balanced and harmonious structure, promoting competitive and comparative advantages, developing the brand name of Vietnamese goods, enhancing the country's position in the value chain. Globally, as the driving force of fast and sustainable economic growth, the Ministry of Industry and Trade has developed and submitted to the Prime Minister for approval and issued Decision No. 493/QD-TTg dated April 19, 2022 approving the Strategy. Commodity import and export strategy to 2030.

In particular, the Strategy sets out the following objectives on the development orientation of the agricultural, forestry and fishery industry in the coming time: Increase the proportion of deeply processed products with high economic value; improve the ability to meet regulations, quality standards, food hygiene and safety, social and environmental responsibility standards; proactively adapt and overcome trade barriers and trade remedies in foreign markets.

The strategy requires market diversification, avoiding excessive dependence on one market area; towards a healthy and reasonable bilateral trade balance, ensuring sustainable growth in the long term.

Effectively exploiting market opening opportunities from international economic integration commitments in Free Trade Agreements (FTAs) to boost exports to major markets such as the EU, Japan, and China , Korea, ASEAN... To step up the exploitation of potential markets such as the United States, Russia, Eastern Europe, Northern Europe, India, Africa, the Middle East and Latin America... aiming to build molds a stable and long-term commercial framework.

According to forecast, the global economy in the coming period will continue to fluctuate complicatedly, not excluding the risk of recession. Therefore, it will have a huge impact on Vietnam's export industries. This is a problem that has been predicted, forecasted and prepared by the leaders of the Ministry, Departments and functional departments of the Ministry of Industry and Trade. Accordingly, the Ministry of Industry and Trade will assume the prime responsibility for, and coordinate with ministries, branches, localities and industry associations in formulating an action plan to organize the implementation of the Strategy to ensure practicality and efficiency, to Import and export activities in general and the export of agricultural, forestry and fishery products in particular continue to be the driving force of the country's rapid and sustainable economic growth.

Source: congthuong.vn