Agro-forestry-fishery sector posts trade surplus of over 12 bln USD in 2023
Vietnam’s agro-forestry-aquatic exports enjoyed a record trade surplus of 12.07 billion USD in 2023, surging by 43.7%, and accounting for over 42.5% of the country's total trade surplus, heard a press conference in Hanoi on December 29.
Vietnam’s agro-forestry-aquatic product exports enjoy a record trade surplus of 12.07 billion USD in 2023. (Photo: vneconomy.vn)
Hanoi (VNA) – Vietnam’sagro-forestry-aquatic product exports enjoyed a record trade surplus of 12.07 billionUSD in 2023, surging by 43.7%, and accounting for over 42.5% of the country's totaltrade surplus, heard a press conference in Hanoi on December 29.
The country earned 53.01 billion USD fromagro-forestry-aquatic exports in the year. Notably, some items witnessed record high export turnover, including fruits and vegetables with 5.69 billion USD (up 69.2%), and rice,4.78 billion USD (up 38.4%).
Four other exports bringing home over 3 billion USD were cashew nuts (3.63billion USD), coffee (4.18 billion USD), shrimp (3.38 billion USD), and woodand wooden products (13.37 billion USD).
The country shipped approximately 2.25 billion USD worth of durian products overseas in 2023, five times higher than the 2022 figure.
Dinh Vu port in coastal city of Hai Phong. (Photo: VNA)
Agriculture continued to affirm its important position as a pillar of theeconomy, contributing to firmly ensuring food security, major balances of the nationaleconomy and stablising macroeconomy.
Total rice output nationwide reached 43.4 million tonnes, up 1.7% from 2022. Meanwhile, the aquatic production totalled 9.3 million tonnes, risingby 2.9% year-on-year.
Vietnam's ST25 fragrant rice variety won the World's BestRice 2023 award for the second time.
According to Nguyen Van Viet, Director of thePlanning Department under the Ministry of Agriculture and Rural Development, the forestry sector saw an important milestone as procedures weresuccessfully completed to transfer a reduced carbon emission volume of 10.3million tonnes to the Forest Carbon Partnership Facility (FCPF) through theWorld Bank (WB). The deal, valued at 5 USD per tonne of CO2, amounts to 51.5million USD.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that goodexport signals will create a premise for the agriculture sector to furtherfoster exports in 2024./.
With the recent permission from Chinese authorities, watermelon has become the next farm produce of Vietnam to be exported to China via the official channel.
The agricultural sector is speeding up restructuring towards a circular and green agriculture to adapt to the global green consumption trend, promote exports and join hands in realising the goal of net-zero emissions by 2050, said authorities.
Export results in 2023 are believed to be a stepping stone for the rice sector to seek new markets, affirm the brand of Vietnamese rice, better guarantee national food security, and promote sustainable production and export in the time ahead.
The prices of Vietnamese coffee are forecast to continue to increase next year due to severe supply shortage, according to the Vietnam Coffee-Cocoa Association (Vicofa).
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Vietnam’s agro-forestry-aquatic product exports enjoy a record trade surplus of 12.07 billion USD in 2023. (Photo: vneconomy.vn) 
Dinh Vu port in coastal city of Hai Phong. (Photo: VNA) 
