Vietnam aims for farm exports of over US$26 billion by 2030

HCMC – Vietnam is planning to achieve more than US$26 billion in annual farm export revenue by 2030, according to a newly-approved farming strategy. The strategy envisions annual growth in farming output of 2.2% to 2.5% and an increase of 8 to 10% in farm product processing. The total area designated for farming under VietGAP standards or equivalents will account for 10-15% of the total farming area, and the organic farming area would constitute 1%. For vegetables, clusters that combine different stages of processing, from production and processing to consumption, will be created. Data showed that in January-November last year, farm exports amounted to US$24.3 billion, a 17% increase compared to the previous year.