Many chances
The 2021 agricultural market development and trade promotion plan signed by Deputy Minister Le Minh Hoan clearly states that, up to now, Vietnam has been negotiating, signing and implementing 16 rounds. Free Trade Regulations (FTAs), opening up opportunities for Vietnamese agricultural products to penetrate into some difficult markets such as the US, Japan, Europe and join new value chains in the region.
Meanwhile, according to FAO forecasts, world demand for agricultural products will continue to increase to 15% by 2029 due to the population growth of about 11% between 2017 and 2029, continuing to create opportunities. Very good for Vietnamese agricultural products in expanding markets, promoting exports.
However, according to Deputy Minister Le Minh Hoan, challenges in some major agricultural export markets of Vietnam also exist.
For example, the Chinese market, China currently accounts for 25.14% of the total export value of Vietnam’s main agricultural, forestry and fishery products. Export turnover of agricultural, forestry and fishery products of Vietnam to the Chinese market by 2020 is estimated at US $ 10.36 billion, down 5.2% compared to 2019 and ranked second after the US.
However, the Chinese side increased inspection of many imported consignments to control potential risks of disease spread, quality control; resolutely tightening management on imports of agricultural products that have not yet been allowed to open the market will make the export process more difficult …
Develop domestic market
From these opportunities and challenges, according to Deputy Minister Le Minh Hoan, the goal of agricultural trade promotion in 2021 is to develop the domestic market in association with local cultural development and agricultural tourism. native; stimulate consumption of agricultural products, high-quality specialties and branded products / geographical indications.
Strengthen regional trade promotion activities to promote regional linkages. Continue to organize negotiations to open the market, remove difficulties, trade barriers …
For the development of the domestic market, the leaders of the Ministry of Agriculture and Rural Development requested to promote the consumption of agricultural products in big cities; organize activities to connect local and regional agricultural products into wholesale and retail distribution chains; exchange information, discuss solutions in production, processing, consumption and branding.
According to omard
