Webinar looks into Vietnam - Africa agricultural cooperation

Economy

Webinar looks into Vietnam - Africa agricultural cooperation

Tuesday, September 14, 2021

YBO - Leaders of some sectors in Yen Bai province and 500 delegates in 400 places nationwide attended a webinar on September 9 to discuss the enhancement of Vietnam - Africa agricultural cooperation for common sustainable development.

Yen Bai delegates to the webinar.

In recent years, Vietnam has signed 26 agricultural cooperation agreements with many African countries to create favourable legal corridors for agricultural partnerships.

Vietnam and African countries have obtained numerous strides in the trading of farm produce as seen in the increasing diversity of traded products and growing trade value.

In 2020, the trade in farm produce reached 3.1 billion USD, accounting for about 45 percent of Vietnam’s total export and import turnover with Africa.

Vietnam’s agricultural and aquatic exoports to this continent are mainly rice, coffee, peppercorn, tea, and aquatic products like tra fish, shrimp, and canned tuna.

Meanwhile, many agricultural products from Africa such as raw cotton, wood, and cashew nuts have also played an increasingly important role in the processing industry of Vietnam to serve domestic consumption and export.

The webinar was a good occasion for relevant agencies, research institutes, associations, and businesses of Vietnam and African partners to boost connectivity and set up partnerships to share experience and seek new orientations for cooperation in the fields both sides hold potential for such as farm produce trading, agricultural production, aquaculture, and seafood manufacturing.

Hong Duyen

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