Key Takeaways
- Vietnam’s agricultural sector reported a 6% year-on-year increase in exports to US$35.88 billion in the first half of 2026.
- The sector’s GDP grew by over 3.8%, exceeding the government’s target, driven by stable production in key industries.
- Livestock products saw the highest export growth at 34.6%, despite global economic uncertainties.
Stable Growth Amid Challenges
Vietnam’s agricultural sector is performing strongly, demonstrating stable production, impressive export growth, and a healthy trade surplus. In the first half of the financial year 2026, the sector solidified its status as a cornerstone of the national economy. However, challenges like climate change and global trade uncertainties are anticipated to hinder growth, emphasizing the need for new growth strategies. Key areas identified for boosting agricultural development include science and technology, digital transformation, and green transitions.
According to Deputy Minister of Agriculture and Environment Dang Ngoc Diep, Vietnam’s agricultural, forestry, and fishery exports reached approximately US$35.88 billion during the first six months of 2026, marking a year-on-year increase of 6%. The sector’s overall GDP grew by over 3.8%, surpassing the government’s target of 3.7%. This positive outcome is largely attributed to steady production in essential industries.
In the winter-spring rice crop of 2026, approximately 2.9 million hectares were cultivated, a reduction of nearly 38,000 hectares from the previous year. Notably, yields increased by 120 kg per hectare, resulting in an estimated production of around 20.5 million tonnes, an increase of more than 88,000 tonnes compared to last year. Livestock and fisheries also played a significant role in Vietnam’s economic growth, with total fishery output reaching nearly five million tonnes, reflecting a 3.6% year-on-year growth.
Supported by consistent production levels, agricultural exports continued to thrive in the first half of the year. Seafood exports totaled US$5.7 billion, demonstrating an 11.4% increase, while fruit and vegetable sales climbed to US$3.6 billion, up by 17.7%. Additionally, wood and wood products generated US$8.5 billion in revenue, reflecting a 4.4% rise. Livestock products outperformed all segments, with exports soaring by 34.6%, showcasing their strong contribution to the agricultural landscape.
Despite ongoing global economic uncertainties, Vietnam has successfully maintained growth in its major export markets. Notably, exports to China increased by 23.1%, while shipments to Japan saw a modest increase of 1.6%. As Vietnam’s agricultural sector looks to the future, leveraging innovation and sustainability will be vital for continued success.
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