Vietnam, with its diverse and abundant agriculture, is gradually becoming one of the sources of high-quality agricultural products for the international market. In 2024, the export turnover of the agricultural sector in Vietnam, including the export turnover of Vietnam's agricultural sector and the export turnover of agricultural products in Vietnam, recorded many outstanding growths.

This achievement not only affirms our country's position on the global trade map but also opens up new opportunities for businesses and farmers. In particular, HNT Logistics Trading Company Limited has played an important role in supporting transportation, ensuring that Vietnamese agricultural products reach international consumers efficiently and with quality.

Situation of Vietnam's agricultural export turnover in 2024

Entering 2024, Vietnam's agricultural export turnover continued to maintain a strong growth momentum. According to data from the Ministry of Agriculture and Rural Development, in the first 10 months of the year, the export turnover of agricultural, forestry, and fishery products reached 32.2 billion USD, an increase of 21.4% compared to the same period in 2023.

Some notable milestones:

• January: 5.14 billion USD, an increase of 79.2% compared to the same period last year.
• First 4 months: 19 billion USD, an increase of 23.7%.
• First 6 months: 29.2 billion USD, an increase of 19%.
• These figures show that Vietnam's agricultural export turnover is increasingly occupying an important position in the country's economy, affirming the significant contribution of the agricultural sector.

Vietnamese agricultural products are increasingly affirming their position in the international market

Key agricultural product groups

The diversity of Vietnamese agricultural products is an important highlight that helps agricultural export turnover develop. In 2024, products such as coffee, rice, seafood, and pepper continued to record major strides.

Coffee and seafood are still the two leading commodities, helping to affirm the brand strength of Vietnamese agricultural products in the international market.

The diversity of Vietnamese agricultural products is a key factor driving strong growth in export turnover.

Factors affecting the export turnover of agricultural products in Vietnam

Increased market demand

Global demand for agricultural products is constantly changing due to many factors influenced by consumer trends, economic conditions, and unexpected factors such as diseases. After the COVID-19 pandemic, consumers are increasingly prioritizing organic, safe, and healthy agricultural products. This opens up great opportunities for Vietnamese export businesses. Notably, the ST25 rice product – once voted as the 'world's best rice' – has helped Vietnamese rice penetrate deeper into high-end markets like the EU and the US. In addition, Vietnamese pepper also recorded growth in the German market thanks to the home-cooking trend during social distancing periods.

Quality improvement

Quality is the deciding factor for the competitiveness of Vietnamese agricultural products in the international market. Upgrading production and processing techniques and applying international standards have helped increase the value of agricultural products. For example, Vietnam has shifted from exporting raw coffee to deep processing with products like instant coffee, helping to increase export value. In the seafood industry, companies like Minh Phu have invested heavily in modern processing lines to meet the high standards of Japan and the United States.

Policy factors

Support policies from the Government play an important role in promoting exports, from negotiating free trade agreements (FTAs) to improving customs procedures and supporting brand promotion. The EVFTA agreement between Vietnam and the EU helps reduce tax rates for many agricultural products, such as rice and fruits, creating easier conditions for accessing the European market. In addition, policies supporting loans and trade promotion also help small and medium-sized enterprises expand their opportunities to participate in the export market.

Impact from nature

Natural conditions significantly affect the yield and quality of agricultural products. Climate change, natural disasters, droughts, or saltwater intrusion all pose serious challenges. For example, saltwater intrusion in the Mekong Delta has reduced rice yields, forcing farmers to switch to growing fruit trees or aquaculture. Similarly, droughts in the Central Highlands affect coffee yields, causing farmers to adopt water-saving irrigation techniques to cope.

Development orientation for agricultural export turnover in Vietnam

In the future, to maintain and increase agricultural export turnover, Vietnam needs to focus on long-term and sustainable development strategies, including:

Integrating technology into production

Applying modern technology is considered a key factor to improve productivity and quality, while optimizing and reducing production costs. AI, blockchain, and IoT technologies can help track production processes, ensure origin, and enhance transparency. For example, many businesses have used blockchain to trace the origins of products such as dragon fruit, helping to enhance credibility in the international market. Besides that, they also use drones in rice farming or soil moisture sensors in the Central Highlands, which have brought high economic efficiency.

Applying modern technology is a key factor to improve productivity

Expanding into new markets

Vietnam needs to target potential markets that have not been deeply exploited, such as Africa, the Middle East, and South America. These are regions with high demand for agricultural imports but fewer barriers compared to traditional markets. For example, exporting rice to Ghana or pepper to Saudi Arabia has opened up significant growth opportunities. The government and businesses also need to invest in trade promotion activities and international fairs to introduce products and build new customer networks.

Developing organic products

The green consumption trend is becoming a powerful driver for the production and consumption of organic agricultural products. Vietnam needs to expand farming areas according to organic standards and achieve international certifications such as USDA and EU Organic. For example, exporting Hoa Loc mangoes meeting GlobalGAP standards to Japan not only increases value but also affirms the position of Vietnamese agricultural products in the world market. Products like fresh vegetables and organic coffee are also expected to occupy a larger market share in the coming time.

Participating in FTAs helps Vietnam reduce tariffs and improve product standards to conquer international markets.

Vietnam needs to strengthen cooperation with strategic partners to learn from their experience, technology, and production management models. Cooperation with the Netherlands in supply chain management or with Japan in improving crop varieties are typical examples. In addition, participating in free trade agreements (FTA) not only helps Vietnam reduce tariff barriers but also creates conditions to improve product standards, meeting the stringent requirements of the international market.

Summary

2024 marks a strong development phase for agricultural export turnover in Vietnam. The achievements attained not only help improve the lives of the people but also contribute to making Vietnamese agricultural products a reliable brand in the world. With the companionship of export enterprises such as HNT Trading and Logistics Co., Ltd., the journey of conquering the international market for Vietnamese agricultural products promises to achieve even more brilliant successes.

HNT – The bridge taking Vietnamese agricultural products further in the international market!