HANOI: Vietnam’s total export turnover has been growing at an annual rate of 12.8% but outbound shipments of agricultural products have faced numerous difficulties and their annual export growth was recorded at a mere 2.4% in the 2012-2016 period.
The export ratio of agricultural products, as a result, had decreased from 13% in 2012 to 8.6% in 2016 in the country’s total merchandise export turnover, according to data of the General Department of Customs.
In particular, the export revenue of agricultural commodities reached over US$15 billion last year, up 7.7% against 2015.
These results are collected from data of outbound sales of vegetables, cashew nuts and other products. The customs department said the export value of vegetables tripled at US$2.46 billion last year compared to 2012, and ranked third among the country’s exported farm produce.
Outbound sales of pepper and cashew nuts also achieved strong growth at an annual rate of over 14% in 2012-2016.
