Vietnam: If you want to sell fruit to the UK and US, businesses need to take note of this

Published 2021년 10월 13일

Tridge summary

The Vietnam Cooperative Alliance is optimistic about the future of fruit exports due to a projected global market growth of 8.2% per year from 2019 to 2025. This growth is expected to reach $585.25 billion, presenting a significant opportunity for Vietnam, especially with the advantage of the EVFTA Agreement. The country already exports fruit to 60 countries and has received 998 area codes for growing fruits for export to high-value markets. However, there are challenges to be addressed, such as the need for investment, adherence to European regulations, and developing skills in logistics and post-harvest handling. Currently, most Vietnamese fruit exports are in raw or semi-processed form and there are concerns about quality, food hygiene, and safety.

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

Original content

According to the Vietnam Cooperative Alliance, the global market demand for fruit is forecasted to increase by 8.2% per year from 2019 to 2025 and reach US$585.25 billion by 2025, which is an opportunity for Vietnam to push strong fruit exports. Statistics from the International Trade Center (ITC) show that the world's fruit and vegetable imports in the first quarter of 2021 reached $70.1 billion, up 5% compared to the first quarter of 2020. In particular, with the EVFTA Agreement, vegetables and fruits are one of the agricultural products that benefit the most because 94% of the total 547 tax lines on vegetables and fruits and processed products from vegetables are eliminated. Meanwhile, with the advantage of climatic and soil conditions, Vietnam possesses many delicious fruits with high economic value and great export potential. Currently, Vietnamese fruit has been present in 60 countries and territories. Recently, the Plant Protection Department (Ministry of Agriculture and ...

Source: Danviet