After months of record highs, areca nut prices have plummeted as Chinese buyers reduce orders, impacting farmers across Vietnam’s central provinces.

With swift production recovery and continued growth, Vietnam's agricultural sector could potentially surpass the 60 billion USD export target, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnam earned 46.28 billion USD from exporting agricultural, forestry and fishery products, while spending 32.42 billion USD importing them in the first nine months of 2024, up 21% and 7.5% year-on-year, respectively.

Vietnam has recorded 11.8 billion USD in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Vietnamese agricultural exports to the U.S. have seen a significant surge, with wood products alone adding over a billion USD to the export totals, marking a robust recovery and growth in trade between the two nations.

China is a top export market for Vietnam’s farm produce, with $7.04 billion worth of produce exported in the first seven months of 2024, an increase of 11.3 percent over the same period last year.

Statistics indicate that Vietnam received 57 warnings from the EU in the first half of this year, representing an increase of more than 80 per cent compared to the same period last year.

“Many buyers have come and placed orders. Sometimes we receive several groups of buyers each day,” said Phan Minh Thong, chair of Phuc Sinh Group.

Vietnam is No 1 in the world in both output and export of coffee and pepper.

Vietnam’s squid and octopus exports to the RoK are forecast to rise in the first quarter of 2024, she said, noting that shrimp is also a key aquatic export to the market.

Vietnam's agricultural products were sold well in foreign markets in Q1, with a surge in both volume and prices documented.

With trade promotion activities intensified, the agro-forestry-fishery sector is able to earn US$54-55 billion in export revenue this year as assigned by the Prime Minister, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

Maintaining last year's growth momentum, the exports of many Vietnamese agricultural products posted strong performance in the first months of this year.

Millions of farming households in Vietnam are now pocketing big money as they have bountiful crops and produce prices have been hitting an all-time high.

For the first time in Vietnam, a system to track ‘carbon footprint’ for dragon fruits has been applied in Binh Thuan Province, the largest dragon fruit growing area in the country.

The VN Trade Office in the Republic of Korea has urged enterprises to strictly comply with regulations on pesticide residue levels when exporting farm produce to this market.

Vietnam's export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.

Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat.

Vietnam earned 5.14 billion USD from agro-forestry-aquatic exports in January, a year-on-year surge of 79.2%, the Ministry of Agriculture and Rural Development reported.