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5 highlights of Vietnam Agriculture sector in 2022

    For Vietnam, 2022 is both a prosperous year with post-pandemic recovery in consumer demand, followed by production and business industries, regaining growth and development momentum; It has been both a challenging year with issues of political strife and global inflation.

    Although the agricultural industry has witnessed many ups and downs, it has still made many impressions, continuing to affirm its role and position in the national economy, and at the same time helping to stabilize social security. Here are the 5 most prominent marks of Vietnam's agricultural industry in 2022.

    A RECORD GROWTH

    In 2022, the country as a whole faces global challenges such as food security issues, the agricultural sector must produce and export in the context of growth in the prices of general goods and agricultural inputs. industry in particular.

    However, Vietnam's agriculture continues to affirm its position as a "pillar" of the economy, with export turnover of the whole industry estimated at 55 billion USD, exceeding 4 billion USD compared to the target set by the Government. Our country has 8 products bringing export turnover of over 2 billion USD: rice, coffee, rubber, cashew nuts, vegetables, shrimp, pangasius and wood products.

    This is considered a record increase in turnover throughout the history of agricultural development in our country.

    EXPORTING RICE TO DEMANDING MARKETS WITNESSED LOTS OF IMPROVEMENTS

    According to the brochure introduced at the Japanese Cabinet Office, the famous ST25 fragrant rice is the famous delicious rice of Vietnam. After more than a year of negotiation and quality control, a Vietnamese enterprise has successfully provided Japanese consumers with ST25 rice with A An brand. At the beginning of September, Vietnam's ST25 rice was also approved by the Japanese Cabinet Office for use in office meals.

    In addition, another enterprise also brought Vietnamese rice into nearly 800 hypermarkets and more than 3,000 supermarket chains and convenience stores across France under two major distribution systems, Carrefour and Leclerc, in September.

    MANY COUNTRIES ARE WIDE OPEN FOR VIETNAM FRUITS

    In 2022, many international markets, mostly fastidious markets, have opened their doors to import many kinds of fruits from Vietnam.

    China is still the largest fruit export market of our country. Notably in 2022, the Decree on official export of durian, banana and sweet potato was signed by our country with China. Passion fruit (passionate) is also piloted to Guangxi (China). Previously, there were 11 types of Vietnamese fruits that are currently allowed to be officially exported to China: lychee, longan, watermelon, dragon fruit, rambutan, banana, jackfruit, mango, mangosteen, durian and passion fruit.

    For the US market, Vietnam was able to export 6 types of fruits, including mango, longan, litchi, dragon fruit, rambutan and breast milk. Recently, our country's green-skinned pomelo was also licensed to export to this market.

    In addition, Japan has also approved the import of Vietnamese longans and New Zealand has allowed the import of Vietnamese lemons and pomelos in 2022.

    THE BIGGEST SCAM IN THE HISTORY OF THE CASHEW INDUSTRY

    In February 2022, through a brokerage company, 5 Vietnamese enterprises signed and exported 74 containers of cashew nuts to Italy with the payment method D/P (collection). However, realizing many irregularities, businesses promptly prevented but still 35 containers lost original documents and did not lose nearly 160 billion VND worth of goods. This case became "The biggest scam in the history of the cashew industry in Vietnam".

    The case raises the issue of organizations and individuals acting as intermediaries in the import and export of goods. Most of Vietnam's agricultural production enterprises are small and medium enterprises, lacking professional knowledge and experience related to import and export of goods. Therefore, it depends a lot on the intermediary brokers. If the intermediary is not experienced, or even unreliable, the consequences will be as severe as the cashew nut incident.

    TRANSFORMATION IN THE STRUCTURE OF LIVESTOCK INDUSTRY

    Last year was the year the livestock industry was greatly challenged with 2 changes that changed the entire industry structure.

    First, farming households accounted for 70-80% of the supply of live pigs to the market before the pandemic. But now, this proportion has been swapped out by livestock enterprises that account for 70-80% of live pig supply.

    Second, consumers have a habit of using hot meat, but now this habit has gradually shifted to the habit of using cold meat, and this is a great opportunity for cool meat brands to enter the market. Besides the cool meat brands currently on the market, in 2022 there will be 2 more pork brands participating in the cool meat market to help consumers have more choices.