Vietnam’s agro-fishery-forestry sector is set to post a trade surplus of US8.59 billion in the January-November period of this year, the country’s Ministry of of Agriculture and Rural Development (MARD) said on Wednesday.
In the first 11 months of 2014, Vietnam is expected to earn some 28.204 billion U.S. dollars from exports of agro-fishery-forestry products, an increase of 12.1 percent year-on-year.
The sector is estimated to spend some 19.614 U.S. dollars for imports, up 15.5% year-on-year, the ministry said in a monthly report posted on its website.
Of the total, exports of major agricultural products are estimated to bring in some 13.193 billion U.S. dollars, up 10.5%.
Exports of coffee, pepper as well as vegetables and fruits are expected to grow by over 30 percent year-on-year, said the ministry.
Germany and the United States are the two biggest markets for Vietnamese coffee, accounting for nearly 23.5% of the market share during January-October period.
