Vietnam: Take advantage to increase fruit and vegetable exports to nearby markets

Fruits

Vegetables

Vietnam

Market & Price Trends

Published Mar 22, 2024

Tridge summary

Vietnam's fruit and vegetable industry is experiencing significant export growth, particularly to Asian markets, with exports reaching a record $5.6 billion in 2023, a 66.7% increase from 2022. The industry, which produces around 50 types of fruit across 1.2 million hectares, is expected to see exports grow to $6.5 - $7 billion in 2024. The ASEAN market is a key area of focus due to its proximity, logistics, and low tariffs. However, understanding local tastes and consumption habits is crucial for success, particularly in the export of processed products. Recently, an agreement was signed between the Hortex Vietnam Organizing Committee and Chanthaburi Chamber of Commerce (Thailand) to promote trade and support the export of vegetable, flower, and fruit products.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

(HQ Online) - With close geographical distance, low cost and transportation time, and preferential tariffs... are great advantages that Vietnam's fruit and vegetable industry needs to take advantage of to increase exports to other countries. Asian markets such as China, ASEAN, Middle East... The export potential for Vietnamese fruits is still very large. Photo: NH Huge growth potential According to the Department of Crop Production, Ministry of Agriculture and Rural Development, Vietnam's fruit growing area currently has about 1.2 million hectares with about 50 types of fruit, including temperate fruits. tropical, subtropical and tropical. Among them, tropical fruits have great advantages in export. Besides Vietnam's traditional and largest export market, China (accounting for 65%), Vietnamese fruits and vegetables have also penetrated many large, demanding markets such as the US, Korea, Japan, Netherlands... with high export value. Mr. Le Thanh Hoa, Deputy Director of the ...

Source: Mof.gov.vn