Vietnam: Agriculture, forestry and seafood exports generate 25 bln USD in revenue

Hanoi, October 28 (VNA) – Export revenue from farming, forestry and seafood products is estimated to hit 2.28 billion USD in October, the Vietnamese Ministry of Agriculture and Rural Development noted. The figure has brought the total export value during the first ten months of 2014 up to 25.39 billion USD, which represents an increase of 11.2 percent compared to the same period last year. In the ten-month period, agriculture reported a year on year growth of 11.5 percent in export value, reaching 12.25 billion USD; while fishery exports increased by 19.9 percent to 6.48 billion USD, followed by the forestry sector with 5.24 billion USD, up by 12.9 percent. In October, several products recorded an increase in export, including coffee, cashew nuts, pepper, seafood, timber and wooden products, and rice, which had actually experienced a slump since the beginning of the year. Vietnam has exported 669,000 tonnes of rice so far this month, generating 317 million USD. As a result, rice exports during the ten months rose to 5.68 million tonnes, bringing home 2.59 billion USD, down by 2.7 percent in volume, but up by 1.2 percent in value. The ministry said coffee performed the best during the period, with year-on-year surges of 37.1 percent to 1.49 million tonnes in export volume and 33.5 percent to 3.10 billion USD in value. Meanwhile, a decline in the export of tea, rubber, cassava and cassava-based products was recorded. The ministry’s data also revealed that only 12,000 tonnes of tea, worth 21 million USD, were shipped abroad in October, contributing to a year-on-year fall of 5.6 percent in volume to 109,000 tonnes and 0.6 percent in value to 186 million USD during the first ten months of this year.-VNA