The Prime Minister has approved a scheme aiming to increase Vietnam’s agro-forestry and fishery export value to between US$ 60-62 billion by 2030.

Coffee is one of Vietnam's hard currency earners.(Illustrative image)

The overall goal of the scheme up to 2030 is to boost agro-forestry-fishery exports, comprehensively and sustainably penetrate the global agro-forestry-fishery supply chain, and improve the quality and value of these export products to meet import markets’ requirements.

In addition, Vietnam will continue to position and develop brands for its agricultural, forestry and fishery products in the international market.

Under the scheme, Vietnam aims to earn between US$60-62 billion from agro-forestry-fishery exports, of which US$25 billion will be generated from the group of key agricultural products, US$16-17 billion from forestry products, US$15 billion from seafood, US$3-4 billion from livestock products, and about US$2 billion from other agro-forestry-fishery products.

The agro-forestry-fishery export growth is anticipated to increase by 6-8% annually, with 40% of the products labelled with the national brand, 70% traceable, and about 60% of the products undergoing deep processing.

To meet the overall goal, Vietnam will have to review and perfect institutions and policies on agro-forestry-fishery exports, while completing policies to boost the export of the products.

The government will support businesses in developing and marketing their brand on domestic and international mass media.