Tridge summary
The Chinese market presents a significant opportunity for the Vietnamese coconut industry, with local businesses preparing to export Vietnamese coconuts, known for their sweetness and preservation capabilities, to dominate the Chinese market. However, there are potential risks, including the need for systematic investment in raw material areas and strict control over cultivation, harvesting, and processing processes. There are concerns about meeting demand, high input material prices, and the risk of exploiting industrial coconuts during the peak season. The Vietnam Coconut Association is emphasizing the need for control in the raw material area, systematic planning, and quality standards to conquer high-end markets. The Association plans to attend fruit and food fairs in China in September 2024 to create sustainable cooperation and access the market. The protocol allowing official coconut exports to China is expected to generate about 250 million USD in export turnover of fresh coconuts this year, accounting for 25% of the total export turnover of the coconut industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The large demand of the Chinese market not only exposes a "golden” opportunity to the Vietnamese coconut industry, but also poses potential risks for businesses if there is no systematic investment in raw material areas as well as strict control over the cultivation, harvesting, and processing processes... Great opportunity In response to a huge opportunity in the billion-people Chinese market, domestic fresh coconut exporting enterprises have prepared necessary conditions for Vietnamese coconuts to dominate this market. Mr. Nguyen Dinh Tung, General Director of Vina T&T Group, said that with good experience in exporting fresh coconuts to many large markets in the world such as the US, Canada, etc., the company is confident that it can compete fairly with coconuts from other countries such as Thailand, the Philippines, and Malaysia in the Chinese market. In particular, Vietnamese coconuts have the advantage of being sweeter and cooler than coconuts from other countries, which can ...
Source: WTOCenter
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