Overcoming China and Cambodia, the US became the largest trading partner of Vietnam's agricultural industry in January-October 2021.

The number of cooperatives in Vietnam is 30 times higher than in Japan and 18 times than in Germany, but most of them are small scale and weak.

Without managing the ongoing pandemic soon, farmers are set to continue making losses, while small- and medium-sized feed facilities may even go bankrupt and supply chains will be broken with the imbalance of supply and demand.

The agricultural industry has promoted trade successfully despite difficulties caused by the COVID-19 pandemic, helping the country gain an impressive trade surplus of US$3.9 billion in the first seven months.

Dao Duy Linh, 34, a programmer by trade, had been arranging jungle treks and in the central province of Quang Nam's jungle for years.

An Australia-funded project has chosen nine leading agritech scale-ups from overseas to enter the Vietnamese market with an aim of solving the country’s most pressing agrifood challenges, according to the Australian Embassy in Hanoi.

The Minister of Agriculture has expressed concern over the abuse of fertilizer and plant protection chemicals, saying this does not represent sustainable agriculture.

According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 quadrillion ($100 billion), or 24.6% of the banking sector’s total loans.

Amid difficulties and disruptions caused by the Covid-19 pandemic, Vietnam's agricultural exports in the first 5 months of 2021 still reached $22.5 billion, up 30.1% year on year.

Farmers in the northern province of Hai Duong have earned revenue of VND1,600 billion in the lychee season this year, the highest ever. 

Despite Covid-19, Vietnam’s farm produce exports still achieved impressive results, especially litchis.

The agricultural sector continues to see an influx of investment from domestic giants such as TH Group, Vinamilk, Masan, Vingroup, and Truong Hai Auto Corporation – but some are struggling to get profitable, with few enjoying significant development.

In the first five months of this year, the agro-forestry-fishery sector accounted for the lowest ratio of foreign direct investment inflows.

As a key pillar of the national economy, Vietnam’s agri-food sector remained resilient during the COVID-19 pandemic and has great potential to drive economic recovery, ranking second in the region.

Presenting policies to effectively support agricultural businesses is one of central tasks set in the 13th Party Congress Resolution. 

Frequently hit by natural disasters, many households in the northern province of Nam Dinh have been able to have better livelihoods thanks to rearing groupers – a type of fishery product with high economic effectiveness – 

2020 has been a tough year for the agricultural sector with various risks and challenges from COVID-19 pandemic and natural disasters and climate change impacts such as drought, saltwater intrusion and flooding, 

Though COVID-19 has hampered exports, the agricultural sector remains confident of achieving this year’s export target of more than US$41 billion.

Vietnam needs support from international partners to cope with losses due to climate change and the COVID-19 pandemic, according to an official from the Ministry of Agriculture and Rural Development (MARD).

The Vietnamese government holds high hope for a green and safe agricultural sector that could be a driving force for growth just like the manufacturing and processing sector.