Vietnam's fruit and vegetable exports near 7 billion USD target

Published 2024년 10월 2일

Tridge summary

Vietnam's fruit and vegetable exports are expected to continue their strong growth through the rest of the year, with the sector on track to reach its goal of 7 billion USD in export revenue. The Ministry of Agriculture and Rural Development has reported a 30% year-on-year increase in export turnover between January and August, with significant opportunities in the Chinese market due to two recent protocols with China regarding plant quarantine and food safety for durians and coconuts. Vietnam is also expanding its reach into other markets such as the US, the Republic of Korea, and ASEAN countries. However, the industry faces challenges in improving product quality, especially in regards to pesticide residues and heavy metal contamination.

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

Original content

Vietnam's fruit and vegetable exports are projected to see continued strong growth in the remaining months of the year, helping the sector to achieve its goal of 7 billion USD in export revenue. According to the Ministry of Agriculture and Rural Development (MARD), the sector estimated to earn 4.63 billion USD in export turnover between January and August, marking a year-on-year increase of over 30%. Vietnam is currently well-positioned to accelerate its export growth. A recent boost came from the signing of two key protocols between the MARD and the General Administration of Customs of China (GACC). These agreements outline plant quarantine and food safety requirements for the shipments of frozen durians and fresh coconuts from Vietnam to China, with the export of the two products expected to boom when tapping into the vast Chinese market. Nguyen Dinh Tung, CEO of VINA T&T Import Export Service Trading Co. Ltd, said the company has already been exporting fresh coconuts to markets ...

Source: WTOCenter