Agriculture reaches highest growth rate in 10 years

The added value of the entire agriculture, forestry and fishery industry was estimated to increase by 3.83 percent in 2023, official statistics showed. 

This is the sector highest growth rate in the last ten years and the sector continued to remain a key pillar of the national economy as it ensured food security and contributed to macro-economic stability.

Viet Nam produced 43.4 million tons of rice, up 1.7 percent against 2022, 7.6 million tons of meat, up 3.5 percent, and 9.3 tons of aquatic products, up 2,9 percent year on year.

The export value of the sector amounted to over US$53 billion, resulting a trade surplus of US$12 billion - the highest level in 10 years. 

Rice export turnover reached a new record of US$4.78 billion, an increase of 38.4 percent year on year. according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien. 

Other top export products are fruits and vegetables (US$5.9 billion, up 69.2 percent), cashew (US$3.63 billion, up 17.6 percent), coffee (US$4.18 billion, up 3.1 percent), shrimp (US$3.38 billion, down 21.7 percent), and timber and timber products (US$13.37 billion, down 16.5 percent).

The sector targets to maintain the growth rate of 3-3.5 percent in 2024.