According to the Vietnam Agricultural Products Processing and Market Development Agency, my country is currently the second largest export market for agriculture, forestry and fishery in Vietnam, second only to the United States. In 2020, the export value of Vietnam’s agricultural, forestry and aquatic products to China is approximately US$10.36 billion, accounting for 25.14%of Vietnam’s total export of agricultural, forestry and aquatic products. ASEAN is the fourth largest export market for Vietnam’s agricultural, forestry and aquatic products. In 2020, Vietnam’s exports to the ASEAN market amounted to 3.69 billion U.S. dollars, followed by Japan (3.42 billion U.S. dollars) and South Korea (2.34 billion U.S. dollars).
RCEP creates better opportunities for many agricultural products to open their markets. However, Vietnam’s agricultural, forestry and aquatic products will face fierce competition from RCEP countries. Therefore, in order to improve the competitiveness of Vietnam’s agricultural products and to make full use of the opportunities brought by RCEP, Vietnam must further consolidate the foundation for agricultural development.
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