It was stated in a recent rapid assessment report issued by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Australian Aid and Logistic Vocational Training Advisory Board (LIRC).

Citing data released by the Ministry of Agriculture and Rural Development, the report shows a drop of 2.8 percent in the total export value of agriculture, forestry and fishery – Vietnam’s economic mainstays – compared to the same period last year. 

The downward trend can be seen in most major export markets of the country’s agricultural, forestry and fishery products, especially China – the largest market share holder at 38.8 percent – with a decrease of 15.3 percent. The drop in Vietnamese-made products to the US, which accounts for 23.8 percent of market share, is even higher, at 15.8 percent.

Meanwhile, domestic social distancing orders have led to a drop in the demand for essential commodities, triggering unemployment and poverty, according to the report. 

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