Agricultural exports target US$32 billion in 2015

Minister of Agricultural and Rural Development Cao Duc Phat said many trade agreements will be signed and come into effect this year, bringing both opportunities and challenges for Vietnam's agricultural goods.

The Vietnamese market this year will be open to virtually all agricultural products from ASEAN countries with up to 90% of commodities exempt from duties, excluding sugar, meat and eggs, among others, which are levied a rate of 5%.

Minister Phat said in order to achieve the US$32 billion target, the sector will continue to push through agricultural restructuring in tandem with building new rural areas with a focus on high-value products.

In 2014, revenues from agricultural exports set a record high of US$30.8 billion, up 11.2% from a year earlier.

(Source: Nhandan Online)