Vietnam’s agro-forestry-fishery exports see record trade surplus in 2023

Vietnam’s agricultural, forestry, and fishery export turnover reached US$53 billion in 2023, resulting in a record trade surplus of nearly $12.1 billion, constituting 42.5 percent of the nation’s overall trade surplus, according to the agricultural ministry. The sector achieved an estimated total export turnover of $53.01 billion, accompanied by a record trade surplus of $12.07 billion, reflecting a substantial 43.07-percent rise from the previous year and contributing to 42.5 percent of the country’s trade surplus. While the overall export value fell short of the government’s target, the industry has seen remarkable accomplishments in various products, according to Nguyen Van Viet, director of the Planning Department under the Ministry of Agriculture and Rural Development. Notable export successes included vegetables, which garnered $5.69 billion, indicating a 69-percent increase from 2022, and rice, reaching $4.78 billion and representing a significant 38-percent increase. He also stressed the need to enhance the ability to forecast and respond to real-time situations.