A pivotal accomplishment in 2023 was the sector's record-breaking trade surplus, soaring to 12.7 billion USD, reflecting a noteworthy increase of 43.7%. Six key commodity groups, namely rice, fruits and vegetables, coffee, cashew nuts, shrimp, and wood and wooden furniture, recorded export turnovers exceeding 3 billion USD. Beyond the efforts of small- and medium-sized enterprises, major corporations continued to bolster their investments in agriculture, particularly in high-tech one. The overall growth in the sector reached its highest level in the last five years, sustaining growth across all domains while ensuring food security and major balances of the economy, and contributing to macroeconomic stability. Looking ahead, the sector has set ambitious goals, aiming for a growth rate of 3-3.5% and export revenue of around 54-55 billion USD, surpassing that in the previous year by 1-2 billion USD./.

Source: Viet Nam News January 28, 2024 12:35 UTC