Vietnam is the 7th largest agricultural import market of the US, with key products being pork, beef, butter, milk, and fruits.
On the evening of December 7, at an event promoting American agricultural products and foods held in Ho Chi Minh City, Mr. Robert Greenan, acting US Consulate General in Ho Chi Minh City, said that despite facing many difficulties due to the Covid-19 pandemic- 19 but in 2021, Vietnam will continue to be an important market for US agricultural exports in general and California dairy products in particular.
Many types of cheese and wine introduced at the event were brought back to Vietnam on the first direct flight of Vietnam Airlines to the US last week.
Mr. Robert Greenan informed that in 2020, the export of dairy products (ice cream, butter, cheese, etc.) from California to Vietnam hit $75 million, up 25% from 2019. Growth momentum continued in the first 9 months of 2021 with a value of $84.5 million, up 45% on the year.
Talking privately with a reporter of Nguoi Lao Dong Newspaper, Mr. Robert H.Hanson (agricultural counsel under the US Department of Agriculture – Agricultural Foreign Affairs Office, US Embassy in Vietnam) said that Vietnam is a market the 7th largest market of US agricultural products with a value of $3 billion in the first 9 months of 2021, growing by about 5%-10% over the same period in 2020. Although the growth rate did not meet the plan, it was still considered a success because it was affected by objective reasons such as Covid-19, high logistics costs…
American agricultural products that are exported a lot to Vietnam belong to the group of raw materials such as cotton used in the spinning industry, wood, raw materials for animal feed; consumer goods such as pork, cow, milk; American fruits such as apples, oranges, grapes, …
According to Vietnam’s Ministry of Agriculture and Rural Development, by the end of November 2021, the US is the largest trading partner of Vietnam’s agricultural products both in terms of export and import. Data from the General Department of Customs show that in the first 11 months of this year, Vietnam imported $3.5 billion of agricultural products from the US, of which cotton products accounted for 35.5% of the value.
In terms of exports, during that time, Vietnam exported $11.9 billion of agricultural products of all kinds, of which wood and furniture products accounted for 67.2% of the value.