Chinese fruits and vegetables flood into Vietnam

Published 2024년 10월 19일

Tridge summary

China has emerged as the dominant market for Vietnam's fruit and vegetable imports, seeing a steady rise in market share from 30% in 2020 to 42% in 2021, with the first nine months of 2021 witnessing a 24.2% increase in imports over the same period last year, totaling 697 million USD. This surge is attributed to the wide availability of Chinese produce in both local markets and high-end stores, offering competitive pricing and improved quality. The presence of official Chinese products in Vietnam's market has been facilitated by direct imports and reduced transportation costs, alongside lower import taxes under the ASEAN-China agreement, contributing to the competitiveness of Chinese agricultural products in the region.

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

Original content

China has been the largest market for fruits and vegetables for Vietnam for many years. In 2020, the market share of fruits and vegetables imported from China accounted for about 30%, by 2023 it had increased to 37% and now reaches 42%. According to data from the General Department of Customs, in the first 9 months of the year, Vietnamese enterprises spent 697 million USD (equivalent to 17,400 billion VND) to import fruits and vegetables from China, mainly fresh fruits. Compared to the same period last year, fruit and vegetable imports from China increased by 24.2%. According to VnExpress, in the past, Chinese fruits and vegetables were mainly sold in markets, but are now widely available in supermarkets and high-end stores. At Farmers Market, MM Mega and Co.opmart, many products from China such as apples, grapes and vegetables such as garlic, onions, potatoes, and carrots are sold. Chinese products are often priced 10-30% lower than other imported products. At high-end fruit ...

Source: VNExpress