Vietnam: Export of coconut products approaching 1 billion USD

Published 2023년 2월 26일

Tridge summary

The Vietnam Coconut Association is working on establishing standards for the exploitation and business of coconut wood products, with plans to submit regulatory documents to relevant ministries. The association is also developing a mechanism for capital incentives for investment in coconut processing technology and supporting farmers to switch to sustainable farming models. The coconut industry has the potential to exceed 1 billion USD in export value in the next two years, with over 90 products and about 200 types of food created using coconut tree raw materials. However, the industry faces challenges such as decreasing domestic prices for raw coconuts and saltwater intrusion in the Mekong Delta, which reduces productivity and output.

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Original content

Information was shared by Mr. Cao, Ba Dang, Khoa, Acting General Secretary of the Vietnam Coconut Association at the Conference "Promotion of trade in the coconut industry and coconut-related industries" held in Ho Chi Minh City on February 25. There are 90 companies exporting coconut products nationwide, of which 42 have exported "Made in Vietnam" deep-processed products. Currently, the coconut industry is not only businesses specializing in coconut production, but also many businesses exploiting raw materials from coconut such as food production, essential oil production in the medical field. In particular, the trunk of the coconut tree has great potential for exploitation to produce coconut wood products. Mr. Cao Ba Dang Khoa said that the advantage of coconut wood is that it is not in any limited wood group on the market, but the value is great. "Coconut wood is classified as group one - the country's highest value timber group," said Mr. Khoa. In order to exploit the added ...

Source: Baochinhphu