The agricultural sector aims for a growth rate of 2.8 percent and export earnings of 44 billion USD this year, heard a press conference held by the Ministry of Agriculture and Rural Development on October 5.
Processing frozen shrimps for export (Source: VNA)
Hanoi (VNA) – The agricultural sector aims for a growth rate of 2.8 percent and export earnings of 44 billion USD this year, heard a press conference held by the Ministry of Agriculture and Rural Development on October 5.
According to Nguyen Van Viet, head of the ministry’s Planning Department, during January – September, the sector’s added value grew at a rate of 2.74 percent and contributed 23.52 percent to the overall growth of the economy. The industry ensured an abundant supply of food, serving domestic consumption and export.
The agricultural growth rate was kept at 2.74 percent mostly thanks to the contribution of the cultivation area. Fisheries saw a strong decline in the third quarter, resulting in a slight 0.66 percent growth in the nine-month period.
Viet said to achieve the 2.8 percent growth target, the livestock and fishery areas must attain strong growth in the fourth quarter, because there is not much room for growth in cultivation from now to the end of the year.
Therefore, the ministry has issued a plan of action that focuses on directing production suitable to weather conditions and COVID-19 development in each locality; promoting market development and facilitating domestic consumption and exports; and intensifying natural disasters alleviation measures.
Nguyen Quang Hung, deputy head of the Directorate ofFishery, said the industry will re-organise fishery exploitation and develop avariety of aquaculture species in a bid to achieve this year's production andexport targets./.
According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached 2.3 quadrillion VND (100 billion USD), or 24.6 percent of the banking sector’s total loans.
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Vietnam and the US signed a Memorandum of Understanding (MoU) on technical cooperation between the Ministry of Agriculture and Rural Development (MARD) and the US Grains Council (USGC) in Washington on September 22.
Minister of Agriculture and Rural Development Le Minh Hoan on October 1 suggested EU firms increase investments in Vietnam’s agriculture, in the direction of high-technology, green standards and environmental sustainability.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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Processing frozen shrimps for export (Source: VNA) 
