Tridge summary
Vietnam has experienced a 39% increase in the export value of vegetables and fruits in the first five months of 2023, compared to the same period in 2022, reaching 1.97 billion USD. China is the largest consumer of these products, accounting for 58.7% of the market share. The Ministry of Agriculture and Rural Development is encouraging farmers to improve quality and processing efficiency to meet diversification needs. Bac Giang province is preparing for a significant lychee harvest, with plans to expand export markets. Meanwhile, the export of durians to China, a new product granted export codes in 2022, is expected to increase with more planting area codes approved by China. The Vietnam Fruit and Vegetable Association is optimistic about the export prospects for the rest of the year, provided that companies understand the Chinese market's requirements.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to the Ministry of Agriculture and Rural Development, the export value of vegetables and fruits in May is estimated at 600 million USD, bringing the total export value of fruits and vegetables in the first 5 months of 2023 to 1.97 billion USD, up 39% over the same period last year. in 2022. In the first 4 months of 2023, China ranked first in Vietnam's fruit and vegetable consumption with 58.7% market share, valued at US$804.6 million, up 30% over the same period last year. in 2022. The market with the highest increase in fruit and vegetable export value is the Netherlands (up 72.3%). Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, assessed that the reason for the strong growth of vegetables and fruits was thanks to China's increased purchase after the Zero-COVID policy was implemented. This is the first year after 3 years of the pandemic that products such as dragon fruit, durian, mango and jackfruit have been purchased by China. With ...
Source: Vinanet
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