Agro business upbeat for 2017

Export potentials 16:28 23/01/2017
Coming out ahead after a 2016 economic rollercoaster, Vietnam’s agro-forestry-aquatic sector is expected to climb even higher 2017.

According to the Ministry of Agriculture and Rural Development (MARD), Vietnam’s total agro-forestry-aquatic export turnover is expected to hit a new trade surplus record of about US$8 billion in 2017, up from a record of US$7.6 billion in 2016.

These figures are far higher than the economy’s trade surplus as a whole-US$2.6 billion in 2016 and an estimated US$6.5 billion for 2017.

In 2017, the sector’s export and import turnover is forecast to reach US$32.5 billion and US$24.5 billion, respectively. In 2016, the figures were US$32.1 billion and US$24.5 billion, up 5.4% and 4.9%, respectively, year-on-year.

MARD has set a target of 2.5%-2.8% in sector growth for 2017, based on local production recovery and higher external demand.

For example, the wood sector is expected to reap an export turnover of US$7.6 billion this year, up from US$6.9 billion last year. This is due to increased demand in established markets like the US, China, and Japan, and new markets like India, the Middle East, Chile, and Brazil.

Vietnam Timber and Forest Product Association’s chairman Nguyen Ton Quyen told VIR that many local wood product exporters are expecting a higher export turnover.

In the northern region, Nam Dinh Forest Product JSC is projected to hit an export turnover of US$45 million in 2017-up from US$40 million in 2016. The respective figures for Woodsland Company are US$47 million and US$42 million.

In the south-central province of Binh Dinh-Vietnam’s wood processing hub-Tien Dat Company is predicted to hit US$50 million this year, up from US$45 million last year.

This respective figures are US$32 million and US$30 million for Dai Thanh Company, and US$25 million and US$20 million for Thang Loi Company.

According to MARD, Vietnam’s aquatic product export turnover for this year is expected to be about US$7.3 billion, up from nearly US$7 billion last year.

Some aquatic processing firms are upbeat about their business prospects this year.

For instance, Vinh Hoan Corporation-one of Vietnam’s biggest pangasius product exporters and processors-reported that its export turnover during 2016’s first 11 months rose 10% year-on-year.

Hung Vuong Corporation, also reported revenues that reached nearly VND5 trillion (US$227.27 million) in the fourth quarter of 2016, and VND19.92 trillion (US$905.5 million) for the 2015-2016 fiscal year, of which over VND13.2 trillion (US$600 million) was earned from the local market, up by VND1.5 trillion (US$68.2 million) year-on-year.

The firm’s export turnover soared by 42%, reaching VND6.72 trillion (US$305.3 million) and accounting for 34% of Hung Vuong’s total revenue.

Another company Sao Ta Foods JSC expects to earn US$150 million in revenue for 2017-up 7.1% year-on-year and providing the firm with a net income of at least VND100 billion (US$4.54 million) for 2017.

Source: VNA

Bạn đang đọc bài viết Agro business upbeat for 2017 tại chuyên mục Export potentials của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

High technology drives transformation of Vietnam’s shrimp industry

 |  10:38 08/04/2026

(seafood.vasep.com.vn) Vietnam’s shrimp industry is entering a period of strong transformation with the emergence of various high-tech farming models, helping improve productivity and competitiveness. Over the past 5–10 years, farming practices have shifted from traditional methods to intensive and super-intensive systems, featuring lined ponds, environmental sensors, automated feeding, and data management.

An Giang targets stable shrimp production in 2026

 |  10:11 03/04/2026

(seafood.vasep.com.vn) With a focus on sustainable development, high-tech application, and climate change adaptation, An Giang Province aims to maintain its brackish water shrimp production in 2026 at a level equivalent to the previous year. Specifically, output is projected to reach over 155,510 tons, serving both domestic consumption and export processing, thereby sustaining the fisheries sector’s key role in the local economic structure.

Circular economy opens new pathway to enhance pangasius value

 |  10:11 31/03/2026

(seafood.vasep.com.vn) In the Mekong Delta, key pangasius farming provinces such as An Giang, Dong Thap, and Can Tho are accelerating the transition toward a circular economy model, contributing to higher product value and reduced environmental impact. Instead of focusing solely on farming and processing, the pangasius value chain is increasingly utilizing by-products and waste streams to generate added value.

Vietnam’s scallop exports surge amid global supply chain restructuring

 |  09:16 29/03/2026

(vasep.com.vn) Vietnam’s scallop exports are entering a phase of impressive growth, as the global market undergoes significant restructuring. In 2025, scallop export value reached nearly USD 66 million, up 49% from USD 44 million in 2024. This upward momentum has continued and accelerated into early 2026, with exports totaling USD 18.1 million in the first two months alone—an increase of 166% year-on-year. This represents an exceptionally high growth rate, reflecting the rapid expansion of a relatively new product segment within Vietnam’s mollusk export portfolio.

Vietnam determined to remove IUU “yellow card”, moving toward a sustainable fisheries sector

 |  09:46 27/03/2026

(seafood.vasep.com.vn) – On March 19, at the Government Headquarters, Prime Minister Pham Minh Chinh held a meeting with the European Commission (EC) inspection delegation on combating illegal, unreported and unregulated (IUU) fishing, led by Mr. Fernando Andresen Guimaraes, Head of Unit at the Directorate-General for Maritime Affairs and Fisheries (DG MARE).

Australia: a promising market for Vietnamese shrimp amid global trade volatility

 |  09:05 25/03/2026

(vasep.com.vn) Australia is emerging as one of the most stable and promising growth markets for Vietnamese shrimp. Amid global trade disruptions driven by geopolitical tensions—particularly conflicts in the Middle East—strengthening and expanding into stable markets like Australia has become increasingly important for Vietnam’s shrimp industry.

Squid and Octopus Exports Show Strong Start in Early 2026, but Pressures Persist

 |  11:23 23/03/2026

(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s squid and octopus exports reached over USD 111 million, up 23% compared to the same period in 2025. This result indicates a positive start for the sector, reflecting early signs of demand recovery in multiple markets from the beginning of the year.

Shrimp output reaches 132.6 thousand tons in the first two months of 2026

 |  09:13 21/03/2026

(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s fisheries sector maintained positive growth momentum, with shrimp output exceeding 132 thousand tons. This result contributed to a strong increase in seafood export turnover, despite ongoing volatility in the global economy.

Vietnam’s tilapia exports surge across multiple markets in February 2026

 |  09:09 19/03/2026

(seafood.vasep.com.vn) Vietnam’s tilapia exports maintained strong growth momentum in February 2026, with many markets recording sharp increases compared to the same period last year. In February alone, export value reached USD 8.4 million, up 148% year-on-year. Cumulatively, in the first two months of 2026, total tilapia export turnover hit USD 23 million, soaring 242% compared to the same period in 2025.

Sensory Evaluation in Compliance with US FDA Standards: VASEP Launches 3 International Training Courses for Vietnam’s Seafood Businesses

 |  08:50 17/03/2026

(seafood.vasep.com.vn) In global seafood trade, sensory evaluation is increasingly becoming one of the key “technical barriers” in many importing markets-especially the United States. Issues such as filth, and signs of decomposition/spoilage are often detected through sensory evaluation methods and remain common reasons for seafood import alerts, detentions, or shipment rejections.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC