Vietnamese coconuts have a lot of potential to enter the Philippine market

Published 2024년 5월 19일

Tridge summary

The Vietnam Trade Office in the Philippines has identified potential for cooperation between the Philippines and Vietnam in the coconut industry, despite the Philippines' dominance in the market. The Vietnam Coconut Association and the Coconut Management Authority of the Philippines have agreed to explore this potential through various programs and goals to promote Vietnamese coconut products in the Philippine market. The Philippines is a leading producer of coconuts, with a total growing area of about 3.6 million hectares and an annual harvest of around 14-15 billion coconuts. However, a lack of raw materials limits its annual production to about half of its capacity. The country processes around 167 factories that process coconut products, producing a wide range of products from coconuts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Vietnam Trade Office in the Philippines said that during the recent business trip of the Vietnam Coconut Association with the Coconut Management Authority - Ministry of Agriculture of the Philippines, the two sides exchanged information and learned experiences in their work. manage, plant, harvest and produce coconut products. From the information exchanged, it has been shown that the Philippines is a country with a lot of experience and strengths in growing and producing coconut products. However, Vietnam's coconut planting and production industry also has its own strengths. Therefore, the two sides have a lot of potential to cooperate, exchange and learn from each other's experiences. In particular, although Philippine coconut products have dominated and gained a foothold in the domestic and international markets, many Vietnamese coconut or coconut products also have the potential to enter the Philippine market. . On that basis, the Vietnam Trade Office in the Philippines ...
Source: Vov

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