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Live Updates  >  Live Update Details

2026-09-18 17:54:09

[Vietnam's Agricultural Exports Sprint Towards Annual Target, Pressure High in the Last Four Months] ⑴ Vietnam's Ministry of Agriculture and Environment stated that the agriculture, forestry, and fisheries sectors need to significantly accelerate exports in the last four months of 2026 to achieve the annual target of approximately US$74 billion. ⑵ Exports in the first eight months totaled approximately US$49.3 billion, a year-on-year increase of about 7%. Approximately US$24.9 billion needs to be achieved in the remaining four months, averaging about US$6.2 billion per month. ⑶ The Deputy Director of the Planning and Finance Department stated that current results have laid the foundation for achieving the target, but the remaining workload remains substantial. ⑷ In the first eight months, agricultural exports reached approximately US$25.7 billion, forestry products approximately US$12.6 billion, fisheries approximately US$7.9 billion, and livestock products approximately US$500 million. ⑸ During the same period, imports of agricultural, forestry, and fishery products reached approximately US$35.1 billion, a year-on-year increase of about 8%, resulting in a trade surplus of approximately US$14.3 billion. ⑹ The Ministry maintains its annual growth target of approximately 4% for the agriculture, forestry, and fisheries sectors, with a target of approximately 4.15% growth in the third quarter, approximately 4.05% in the first nine months, and approximately 4.2% in the fourth quarter. (7) The annual growth targets for agriculture are approximately 3.77%, forestry approximately 5.23%, fisheries approximately 5.12%, crop farming is projected to grow by approximately 2.93%, and livestock farming by approximately 5.02%. (8) Extreme weather, natural disasters, international market volatility, and increasingly stringent requirements from importing countries may make it more difficult to achieve export targets in the final months. (9) The ministry stated that its focus is not only on increasing export value but also on ensuring supply, maintaining production stability, and enhancing the value of each product group. (10) The ministry plans to closely monitor production and market dynamics by sector and product, update data on output, value, and factors influencing supply and demand, and adjust production plans as necessary. (11) Regarding exports, the ministry will closely monitor each market and product group, eliminate technical barriers, expedite the issuance of codes for planting areas and packaging facilities, and strengthen traceability. (12) In fisheries, the ministry will continue to address the EU's yellow card warnings for illegal, unreported, and unregulated fishing, improve supply chain transparency, accountability, and traceability, and utilize the domestic market to diversify sales channels.

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