Agricultural sector to develop production in line with international standards
Minister of Agriculture and Rural Development Le Minh Hoan has said that his Ministry will adjust policies aimed at encouraging firms to invest in agriculture, as well as to develop production in line with international standards and practices to better serve agricultural exports.
Minister Hoan underlined the necessity of strictly complying with regulations related to labeling, traceability, cultivation area indication, quarantine, packaging, quality and types of agricultural products, and business code.
The Ministry will maintain negotiations aimed at removing barriers and increase the export of additional agricultural products to major and potential markets. This includes durians, birds’ nests, passion fruit, avocadoes, grapefruit, and coconut to China; as well as longan, grapefruit, and passion fruit to Japan; in addition to shrimp, grapefruit, litchi, rambutan, processed poultry, and cattle meat to the Republic of Korea.
It remains important to invest more in improving processing and preservation to increase the added value of products.
The Ministry will therefore maintain the effective implementation of free trade agreements (FTAs) signed with other countries and regions globally, as well as co-ordination with Vietnamese embassies, and trade and agriculture offices. This will be done to collect and provide information about foreign markets and tastes for local businesses, thereby helping them to boost trade promotion, stated Minister Hoan.
According to the Minister, the export of Vietnamese agro-forestry-aquatic products during the initial five months of the year reached USS$23.2 billion, up 16.8% on-year.
The United States, China, and Japan were the three largest importers, accounting for respective market shares of 28%, 17.8%, and 7%.