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Ministry of Agriculture and Rural Development report:

'Vietnam has yet to take advantages of FTAs for agri exports'

Despite recent difficulties in export markets, Vietnam has earned a US$23.2 billion export turnover of agricultural, forestry and fishery products in the first five months of 2022, up 16.8 percent while the trade surplus reached US$5.1 billion, up 3.1 times over the same period.

However, the Southeast Asian country has not so far taken advantage of the incentives from tariff reductions and implementation of free trade agreements(FTAs) that have come into effect for the export of many agricultural products.

A report was created by the Ministry of Agriculture and Rural Development. According to the report, of the total export turnover, the main group of agricultural products got over $9.4 billion, up 10.4 percent while key forest products achieved nearly $7.7 billion, up 7.6 percent, and seafood reached nearly $4.8 billion, up 46.3 percent and livestock products hit $138.9 million, down 16.2 percent.


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