Agriculture Sector Breaks Through, Agricultural, Forestry, and Fishery Exports Exceed Targets

2024 was a successful year for Vietnam's agricultural sector, exceeding export targets. The agricultural sector saw significant growth in both production and exports, exceeding the initial target of 55-57 billion USD and reaching over 62 billion USD. This represents an increase of over 18% compared to 2023. Key agricultural exports such as coffee, rice, and fresh fruit experienced double-digit growth, contributing to this success. The United States became the largest importer of Vietnamese agricultural, forestry, and fishery products, surpassing China. While opportunities abound, experts warn of potential challenges in 2025, urging businesses to prioritize quality, traceability, and compliance with international regulations. They emphasize the importance of professional contract negotiations and adapting to evolving market demands, particularly in key markets like China and the US. Long-term strategies include restructuring the agricultural sector, focusing on high-quality production, and strengthening logistics infrastructure. Experts predict continued export growth in the first quarter of 2025 due to increased global food demand, but also acknowledge potential challenges posed by geopolitical instability and evolving trade policies.