VIETNAM’S BUSINESS NEWS HEADLINES JULY 5

Agriculture ministry bullish on export targets despite pandemic More chickens are needed to help meet the local demand for meat. — Photo nongnghiep.vn Minister of Agriculture and Rural Development Nguyen Xuan Cuong told a conference on the agriculture industry in Ha Noi on Monday that export turnover in the first six months was estimated at US$18.81 billion, more than 3 per cent lower than the same term last year due to the pandemic. However, Cuong said though export turnover in the first half decreased, the ministry was still determined to reach the target of total export turnover of $41 billion for 2020. According to the report from the Ministry of Agriculture and Rural Development (MARD), the first half turnover included $8.94 billion from main agricultural products, $3.56 billion from fisheries, $5.3 billion from main forest products and $190 million from livestock products. Except for exports of forest products, the other segments reported decreases of between 2.7 per cent and 19.4 per cent, said the report. Of the exports, commodities with great export turnover decreases included rubber, tea, pepper, pangasius and shrimp. The four largest markets for agriculture and forest products of Viet Nam were still China, the US, Japan and… Read full this story

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