As much as 90 percent of Vietnamese agricultural exports are preliminarily processed products and are priced 5-10 percent lower than similar foreign products.
Participants at a meeting held on May 18 by the Ministry of Agriculture and Rural Development acknowledged this fact. The meeting discussed a project to increase added value of agricultural products.
According to the ministry, there are many shortcomings in producing agricultural products of high added value.
The ministry said that product quality standards were still not being properly addressed and the level of advanced standards applied to production remained low while losses after harvest were still high.
Agricultural products are still traded under traditional modes. The variety of agricultural products are very limited and unstable and pricing depended on the export market.
Under the project, the added value of each agricultural product will increase by 20 percent at the minimum within 10 years.