Vietnam: Concerns as banana area and output increase rapidly

Published 2024년 12월 11일

Tridge summary

Vietnam has seen a significant surge in banana exports to China, with the banana cultivation area expanding rapidly across several provinces, led by Dong Nai which now accounts for over 70% of the region's banana cultivation. In 2024, Dong Nai's banana production surged by 67% to nearly 343.5 thousand tons, largely due to high export prices. However, the market reliance on China poses a risk to growers, as seen in the past, when import decreases led to market instability and low prices. Experts suggest diversifying export markets and promoting trade to lessen reliance on China. Additionally, the Ministry of Industry and Trade is advocating for increased banana exports to Korea, Japan, and Europe, given their demand for fresh fruits.

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

Original content

For more than 2 years, banana exports to China have been favorable, so the banana growing area in Dong Nai as well as many other provinces and cities across the country has increased rapidly. Currently, the banana growing area in Vietnam is about 154.2 thousand hectares, concentrated in the provinces and cities: Dong Nai, Binh Phuoc, Binh Duong, Hanoi, Hung Yen... Dong Nai alone currently has about 16.7 thousand hectares, accounting for more than 70% of the banana acreage in the Southeast region. Bananas grown in Dong Nai are mainly exported to the Chinese market. Since 2023, the export price of bananas has always been high, so the banana growing area in the province has increased rapidly. In the past 2 years, the banana acreage in the province has increased by thousands of hectares. According to the Dong Nai Statistics Office, in the 11 months of 2024, the province's banana output reached nearly 343.5 thousand tons, an increase of more than 67% over the same period last year. ...

Source: Baodongnai