China consumes 4 billion coconuts each year and the opportunity for Vietnamese coconuts

Published 2024년 12월 14일

Tridge summary

The article highlights the key role played by Vina T&T Group in maximizing the potential of the Vietnamese coconut market, with a focus on exporting to China. The company's leadership in meeting quality standards has positioned it as a market leader, leveraging the advantages of the industry's geographical location and ASEAN-China trade agreements. Despite challenges such as food safety concerns, fraudulent practices, and competition, the company suggests solutions like quality control, product diversification, and market diversification. The Vietnamese coconut industry is on a growth trajectory, with expectations to surpass 1 billion USD in exports in 2024, driven by strategic initiatives and significant market demand in China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sharing at the Forum "Connecting production and consumption of coconut products" on December 13 in Ben Tre organized by the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development) and Vietnam Agriculture Newspaper, Mr. Nguyen Phong Phu, Technical Director of Vina T&T Group emphasized the pioneering role of enterprises in exploiting the potential of the coconut market and proposing practical solutions to promote exports. Vina T&T Import-Export Trading Service Company Limited (Vina T&T Group) is currently the leading unit in exporting coconuts with standard growing area codes and packaging facility codes, ensuring quality for the Chinese market. Mr. Nguyen Phong Phu said that the great advantage of the Vietnamese coconut industry is its geographical location near China, high demand for coconut consumption and ASEAN-China trade agreements that help reduce import taxes. Vietnam, especially the Mekong Delta region such as Ben Tre, has ...

Source: Agriculture