Vietnam's agriculture achieved the highest growth of seven years
(Updated at 14:57, 11/1/2019)
In 2018, GDP of the agriculture, forestry and fisheries sectors grew 3.76%, the highest level since 2012.  This result confirms that structural transformation of the agricultural sector has been effective.
According to the release of the 2018 socio-economic data of the General Statistics Office in 2018, Vietnam's gross domestic product (GDP) expanded by a 7.08 percent annual rate, the highest level since 2008 to date.  Of the overall economic growth of the economy, the agriculture, forestry and fisheries sectors grew 3.76%, contributing 8.7% to the overall growth of the economy.  This is also the highest growth rate of agriculture, forestry and fisheries sectors in the 2012-2018 period.  This result confirms the trend of structural transformation of the agricultural sector which has been effective especially in the field of agriculture and aquaculture.
 
Within the agricultural forestry and fishery sectors, the agricultural sector continued to affirm a clear recovery trend when reaching a growth rate of 2.89%, which is also the highest growth rate of the 2012-2018 period, contributing 0.36 percentage points to the growth rate of the total added value of the whole economy.
 
Plant structure has been shifted in a positive direction with new, high quality rice varieties are gradually replacing traditional rice varieties, VietGAP model of high economic value developed.  Together with rice, many traditional food crops with low market prices also tend to decrease sharply in area.  Meanwhile, the area and production of high value crops associated with export potential such as vegetables, fruit trees, and industrial plants continue to increase in planting area.
 
Fruit production in 2018 is quite good because many crops increase in area and have a stable consumption market.  Production of oranges, tangerines, and grapefruit reached 1,697.9 thousand tons, an increase of 10.9% over the previous year; mangoes reached 788.5 thousand tons, an increase of 5.8%;  dragon fruit reached 1074.2 thousand tons, an increase of 12.8%;  Pineapple reached 674 thousand tons, an increase of 9.1%.  Particularly the output of longan and litchi is high due to favorable weather conditions.
 
Along with agriculture, the livestock, fisheries and forestry sectors continued to maintain stability. Fishery production is estimated at 7,756.5 thousand tons, an increase of 6.1% over the previous year.  In particular, aquaculture achieved good growth rate with an estimated annual output of 4.2 million tons, an increase of 6.7% of which fish ouput reached 2902.5 thousand tons, an increas of 6.9%;  shrimp reached 804.3 thousand tons, an increase of 8.1%.  For pangasius, although the export is very good in 2018, the farming area in 2018 is still controlled towards sustainable development, estimated at 22.4 thousand hectares, down 0.9% from the previous year.
 
Meanwhile, black tiger shrimp production is estimated at 274.3 thousand tons, an increase of 5.5% over the same period last year;  whiteleg shrimp reached 492.3 thousand tons, an increase of 10%, etc. Along with aquaculture, fishing activities in 2018 also increased quite well with an estimated annual output of 3,602.7 thousand tons, an increase of 5.3% compared to 2017.
 
Huong Nguyen
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