Vietnam’s agri sector aims to achieve three per cent annual growth

viet agriThe growth rate of Vietnam’s agriculture sector production value in the Q1 2019 was estimated at 2.69 per cent as compared to the Q1 2018, according to Le Van Thanh, chief of the Ministry office

In this, agriculture increased by 1.93 per cent, forestry increased by 4.32 per cent and fisheries increased by 5.24 per cent.

The GDP of agriculture in the first quarter was estimated at 2.68 per cent, in which, agriculture increased by 1.84 per cent, forestry increased by 4.2 per cent and fishery increased by 5.1 per cent.

Ha Cong Tuan, permanent deputy minister of agriculture and rural development, emphasised that the agricultural sector was determined to achieve three per cent growth in 2019.

Le Thanh Hoa, deputy director of the department of processing and trade for agro-forestry-fisheries product, said that in the field of rice export, the Plant Protection Department has made an evaluation report on the capacity of rice exporting enterprises for Chinese customs. After Chinese customs approves the enterprises, the situation of rice exports is set to grow in the coming days.

The Ministry of Industry and Trade will negotiate rice export quotas into Korea. Indonesia announced that rice reserves will run out in June, therefore, in the third and fourth quarter, this market is expected to increase rice imports. The Philippines market has opened negotiations for import contracts. With such signals, rice exports are expected to flourish.

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