Vietnam’s agriculture targets 3.05% growth in 2018

Vietnam’s agriculture reached an export value of US$36.5 billion last year. With positive signals in the first two months of 2018, the sector aims to grow 3.05% this year with an export value of US$40.5 billion, higher than previous plans.

In the first two months of 2018, Vietnam earned more than US$6 billion from the export of agricultural produce. The exports of rice, coffee, tea, cashew nut, vegetables, fruits, and cassava grew both in quantity and quality. The results are attributable to effective restructuring of crop and livestock production. 

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan said his Ministry will seek to raise growth targets. 

“We have reviewed measures toward higher growth targets. Next week, we will meet and then submit to the government our revised solutions. This year, we aim to achieve a growth rate of 3.05% against the set target of 3% and earn US$40.5 billion from export instead of previous target of US$38 billion”, said Mr Tuan. 

The Ministry is working to eliminate the “yellow card” imposed on Vietnam’s fisheries by the European Commission before the deadline April 23rd. Nguyen Thi Phuong Dung, Deputy Director of the International Cooperation Department of the Directorate of Fisheries said that the revised Law on Fisheries has integrated the EC’s recommendations on preventing and fighting illegal, unreported and unregulated fishing (IUU). 

Ms Dung said, “The Ministry of Agriculture and Rural Development has sent dispatches to the Ministry of Public Security and Ministry of National Defense requesting close coordination in implementing the Prime Minister’s Decree 45 on urgent measures to deal with the EC’s warnings on fighting illegal, unreported, and unregulated fishing. 

The Ministry has asked the fisheries surveillance force to increase patrols and monitoring at sea. It updates list of illegal fishing vessels on a monthly basis, increases the local administrations’ responsibilities, and cooperates with other countries which claim violations of fishing vessels.”

China, the US, the EU, ASEAN countries, Japan and the Republic of Korea continue to be Vietnam’s major agricultural export markets this year. 

The Ministry is undertaking drastic solutions including promoting incentives to lure more investment in agriculture, and strengthening the value chain in production, processing and consumption of agricultural products to achieve set targets.

VOV

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.