Vietnam's coconut industry has a large untapped value chain

Published 2024년 12월 14일

Tridge summary

The Vietnamese coconut industry is experiencing significant growth, with a notable increase in export turnover from 280 million USD in 2010 to 1.64 billion USD in 2023, positioning Vietnam as the 4th largest exporter of coconut products in the Asia-Pacific region and the 4th in the international market in terms of total value. The industry's expansion is supported by advanced technology, larger production scales, and a strategic plan to develop coconut trees until 2030. However, the industry faces challenges such as a lack of raw material source guarantees, which has led to the establishment of primary processing facilities in Vietnam but export of raw materials to other countries for deep processing. The Vietnam Coconut Association is proposing policies to protect raw material areas and is concerned about the impact of Indonesia's proposed 80% export tax on dry coconut raw materials, which could significantly reduce supply from that country.

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Original content

Vietnam's coconut industry enters a period of remarkable growth At the international conference "CocoNext 2024: Enhancing the value chain of the Vietnamese coconut industry" on December 12, 2024, experts said that the Vietnamese coconut industry is entering a period of remarkable growth. From an export turnover of 280 million USD in 2010, the coconut industry reached 1.64 billion USD in 2023. With a total coconut growing area of over 200,000 hectares, Vietnam is currently the 4th largest exporter of coconut products in the Asia-Pacific region and holds the 4th position in terms of total value in the international market. Ms. Dang Huynh Uc My - Chairman of Ben Tre Import-Export Joint Stock Company (Betrimex) shared that in Vietnam, coconut trees have been recognized and planned as one of the 6 key industrial crops. The Ministry of Agriculture and Rural Development has issued a project to develop coconut trees until 2030 with clear goals. “The technology of ‘traceability’ is ...

Source: Vietstock