VIETNAM AGRO SUPPLY CHAIN CONFERENCE/XPO 2021
Time & Location
About The Event
VIETNAM AGRO SUPPLY CHAIN CONFERENCE/XPO 2021
The Virtual Event Bringing Most Updated Insights - Challenges - Opportunities of Vietnam Agro
Wednesday 04 August 2021 8AM - 12PM GMT+7
Vietnam Agro Supply Chain Conference/Xpo aims to bring together leading academic scientists, researchers and research scholars to exchange and share their experiences and research results on all aspects of the Agricultural Supply Chains in Vietnam. It also provides a premier interdisciplinary platform for researchers, practitioners, supply chain professionals and business leaders to present and discuss the most recent innovations, trends, and concerns as well as practical challenges encountered and solutions adopted in the fields of Agro Chains.
Agriculture is one of the most important economic sectors in Vietnam. Besides production for an increasing domestic demand, Vietnam is a major exporter of agricultural products. Business opportunities are abundant at all levels of the value chain, as production levels continue to improve through the application of intensive farming and advanced technologies. Dominant crops include coffee, rubber, cashew and rice. In more recent years, aquaculture and fruit production have grown substantially and are export-oriented as well. Surging domestic consumption combined with increasing demand for high-value products have also pushed imports of agricultural products into Vietnam. Meat and meat products enjoy the highest growth figures, followed by rubber, animal feed and feed grain, sugar and cotton.
This virtual event is designed to be an interactive, informal opportunity to learn, share and network.
Check out the Covered Topics, Speakers, Programme and Infographics here.
For solution exhibitions, sponsorship & speaking opportunities, please contact us at email@example.com
QUICK FACTS ABOUT VIETNAM AGRICULTURE SECTOR
$41.2 billion is the export value of Vietnamese agriculture, forestry and aquaculture in 2020
18 is the number of new factories for agriculture product processing established in 2020
90% is the growth rate of agriculture sector
16th is ranking as world's top agricultural export countries
2.68% is the proportion of local firms are small and super small funded with capital less than $430,000 USD
Vietnam is characterised by a certain extent of geographical specialisation with particular crops concentrated in specific parts of the country such as:
- Aquaculture in the Mekong River Delta
- Rice in the Mekong River Delta and Red River Delta
- Coffee in the Central Highlands
- Tea in the Northeast and Northwest
- Rubber in the South
- Fruit in the Mekong River Delta
- Cocoa in the Central Highlands, Mekong Delta
- Spices in the Central Highlands
- Dairy in the Mekong Delta, the Northwest
- Pork in the South
- Vegetables in Lam Dong and the Red River Delta
- Flowers in Lam Dong, the North
Cultivation is the main contributor to the growth of Vietnamese agriculture sector, involved with a huge role in ensuring local food security, creating jobs, improving labourers’ income and poverty alleviation. Agriculture crops commonly cultivated in Vietnam are rice, cassava, corn, sweet potatoes. Of which, rice – the main food consumption in Vietnam – accounts for 94% of land under intensive cultivation. Rice export reached $3 billion USD in 2020, which represented a year-on-year growth of over 10 percent and this sector is predicted to witness a further growth as a result of the positive opportunities brought about by new-generation free trade agreements such as EVFTA or UKVFTA. Other primary industrial plants in Vietnam include coffee, coconut, tea, pepper, cashew nut, sugar cane, peanuts, soy, tobacco and sesame.
⁉️ Do you know: Vietnam is the 5th among world's biggest rice consuming countries
As among the most populated countries, Vietnam with 97,338,579 million people has a massive growth in their livestock consumption due to the rapid income increase and population growth. Despite the steady trend of the national meat industry growth, domestically produced meat has hardly kept up with the local consumption demand because of geographical limitations, reliance on imported feeds and fragmented farms and regulatory policy. In addition to the insufficiency for the domestic consumption demand, the absence of a key player with large market share in this sector also brings about a massive potential opportunity for local and foreign investors.
⁉️ Do you know: 85% of Vietnam's livestock raised on small-scale farms;
3rd (2019) - Vietnam is the biggest meat market in Asia with the value of $18.7 billion
Aided by a coastline of 3,260 kilometres and a 1 million-square-kilometre Economic Exclusion Zone, Vietnam is known as one of the most appropriate destinations for the seafood industry, associated with a diversification of the aquaculture system. With its natural advantages, Vietnam indicates as a key exporter of aquaculture products; some of the aquacultural products are shrimp, pangasius, tuna as well as marine fish. In contrast with the other sectors within the agriculture industry, the seafood sector recorded a slight decrease in export turnover in 2020 with only $8.4 billion USD, down 1.8 % as compared to the previous year, according to GSO.
⁉️ Do you know: Vietnam is the world's 4th largest aquaculture exporter (2019);
3.6 million metric tons of seafood products generating in 2019
While fuelling the local economy, the forest cover continues to expand thanks to the Communist party’s full commitment and support, manifested by lots of action plans, decisions and policies of major ministries. Regardless of the impressive performance, the industry’s outlook is seemingly uncertain due to challenges associated with land competition with other industries, over-utilisation of resources, risks from export markets, the country’s weak capacity for forest governance and control. Despite the negative influences of Covid-19 Pandemic, the total export of forest products gained a strong growth of 16.9% compared to the year of 2019. This led Vietnam to be World’s 5th largest forest product exporter – 2nd largest in Asia – 1st biggest in the region of Southeast Asia.
⁉️ Do you know: $13.2 billion achieved by exporting forest products in 2020;
41.6% is the proportion of Vietnam’s land area covered by forests reached 14,415,381 hectares