Reducing logistics costs to strengthen competitiveness for agricultural products

Reducing logistics costs to strengthen competitiveness for agricultural products

Vietnamese agricultural products are exported to many countries, with an average turnover of more than US$3 billion per year. However, Vietnamese agricultural products have not yet brought into play their strengths to compete with many other countries, due to high logistics costs. To reduce costs, each production region needs to build a logistics center to increase competitiveness and improve product quality.
Agricultural exports set to reach US$50 billion by 2025

Agricultural exports set to reach US$50 billion by 2025

The Ministry of Agriculture and Rural Development sets a target of earning US$50 – 51 billion in export value of agro-forestry and fishery products by 2025 and $60 – 62 billion by 2030.
Fresh fruits are checked for residues of plant protection drugs and traced their origin before being exported. (Photo: SGGP)

Opportunities to increase agricultural exports to nearby markets

With the signing of the Regional Comprehensive Economic Partnership (RCEP), member countries in the region, like Vietnam, will have more convenient transportation. The RCEP is expected to increase the export value of Vietnam's agriculture, especially fresh fruits and vegetables, thanks to the reduction in storage and logistics costs.
Agricultural exports to EU increase

Agricultural exports to EU increase

According to the Ministry of Agriculture and Rural Development (MARD), after implementing the EU-Vietnam Free Trade Agreement for two months, the export of agricultural products to the EU has seen positive changes with the total agricultural export value from August 1 to the end of September estimated at US$711 million. 
Agricultural product exports near US$34 billion

Agricultural product exports near US$34 billion

The Trade Promotion Agency under the Ministry of Industry and Trade on November 13 held several activities for market connection and investment cooperation for more than 450 enterprises from 29 cities and provinces in Vietnam and 23 countries and territories in the world in Ho Chi Minh City.