Agriculture in Vietnam: Opportunities
Vietnam’s agricultural sector is a cornerstone of its economy, contributing significantly to both employment and export revenues. The country’s diverse climate and fertile land enable the production of a wide range of agricultural commodities, making it a vital player in the global agricultural market.
Key Agricultural Products from Vietnam
Vietnam’s agricultural products are diverse as they fulfill the different needs required by international markets. A list of major products in terms of types and approximately in price ranges is tabulated below:
Product type\\Types\\Approximate Price Range (USD)
1.Rice\\Jasmine, Japonica, Sticky\\$400–$600 per metric ton
2.Coffee\\Robusta, Arabica\\$2.50–$3.50 per kilogram
3.Cashew Nuts\\Raw, Processed\\$5.00–$8.00 per kilogram
4.Pepper\\Black, White\\$3,500–$4,500 per metric ton
5.Tea\\Green, Black\\$2.00–$4.00 per kilogram
.Rubber\\Natural, Synthetic\\$1,500–$2,000 per metric ton
7.Seafood\\Shrimp, Pangasius, Tuna\\$7.00–$15.00 per kilogram
8.Fruits\\Dragon Fruit, Lychee, Mango\\$1.50–$4.00 per kilogram
9.Vegetables\\Leafy Greens, Root Vegetables\\$1.00–$2.50 per kilogram
10.Spices\\Cinnamon, Star Anise\\$3,000–$5,000 per metric ton
11.Sugar
Cane Sugar, Refined Sugar $400-$600 per metric ton
12.Honey
Wildflower, Acacia $3.00-$5.00 per kg
13.Cassava
Fresh, Dried $200-$300 per metric ton
14.Soybeans
Conventional, Organic $500-$700 per metric ton
15.Peanuts
Raw, Roasted $1.50-$3.00 per kg
16.Coconut Products
Desiccated, Coconut Oil $1,200-$1,500 per metric ton
17.Wood Products
Furniture, Plywood Prices vary widely
18.Flowers
Orchids, Roses, Lilies $0.50-$1.50 per stem
19.Herbal Products
Ginseng, Turmeric $10.00-$30.00 per kg
20.Processed Foods
Instant Noodles, Sauces Prices vary widely
Note: Prices are approximate and can fluctuate based on market conditions and quality.
International Participation in Vietnam’s Agricultural Events
Vietnam conducts a number of agro-trading fairs and exhibitions and facilitates participation from countries around the world. These fairs can provide scope for networking, exchanging knowledge, and building businesses.
Top Participating Countries in Vietnam Agricultural Events
China
Import: Rice, fruits, and seafood
Recent Agreements: China has committed to increased importation of agricultural produce from Vietnam. It commits to importing more Vietnamese produce, such as high-quality fruits and seafood.
United States
Import: Coffee, cashew nuts, and seafood; export: Agriculture machinery and technology.
Recent Engagements: US Department of Agriculture led a trade mission to Vietnam, focusing on agricultural trade between the two countries.
Japan
Focus: Imports seafood, tropical fruits and processed foods; exports agriculture machinery.
Recent Engagements: Japan is interested in Vietnam’s agriculture sector, especially where high-quality produce and seafood are concerned.
South Korea
Focus: Imports fruits, vegetables, seafood; exports technology and machinery.
Recent Engagements: South Korea is an active participant in Vietnam’s agricultural trade fairs, seeking partnerships in various agri-products.
Germany
Focus: Import of coffee, spices, and seafood; export of processing technology.
Recent Engagements: Germany has been one of the major importers of Vietnamese coffee and other agricultural products.
France
Focus: Import of seafood, coffee, and tropical fruits; export of wine and dairy products.
Recent Engagements: France has bilateral trade with Vietnam, focusing on agricultural and food products.
Netherlands
Focus: Imports of fish, coffee, and spices; exports of agricultural technology.
Recent Engagements: The Netherlands cooperates with Vietnam on sustainable agriculture and water management.
Focus: Two-way trade in rice, fruits, and vegetables; regional cooperation.
Recent Engagements: Thailand and Vietnam participate in regional agricultural events, which encourages Southeast Asian agri-products.
Focus: Imports of rice and coffee; exports of bananas and pineapples.
Recent Engagements: The Philippines is targeting increased rice cooperation with Vietnam to achieve food security.
Malaysia
Focus: Importation of coffee, tea, and seafood; exportation of palm oil and rubber.
Recent Engagements: Malaysia engages in agricultural trade with Vietnam for mutual benefits.
Indonesia
Focus: Importation of rice and coffee; exportation of palm oil and spices.
Recent Engagements: Indonesia and Vietnam cooperate in regional agricultural programs.
Australia
Focus: Import of seafood, coffee, and textiles; export of wheat and beef.
Recent Engagements: Australia participates in Vietnam’s agricultural exhibitions, exploring trade opportunities.
India
Focus: Import of rubber and coffee; export of spices and tea.
Recent Engagements: India and Vietnam have strengthened agricultural trade relations, focusing on commodities like rice and spices.
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