With clear traceability, the spice industry of Vietnam can earn 2 billion USD

Published 2023년 11월 1일

Tridge summary

Vietnam has a strong potential for producing spices like cinnamon and anise, which are widely consumed in Asian cuisine. Vietnamese cinnamon and anise are already popular in markets across South Asia, the Middle East, East Asia, the Americas, and the European Union. However, in order to compete globally and meet consumer demands for high-quality, sustainable, and traceable products, Vietnam needs to focus on transforming its farming processes and ensuring product safety and quality.

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

Original content

Mr. Nguyen Nhu Tiep, Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development), said that Vietnam has great potential for producing spices such as cinnamon, anise, and special spices. represents Asian cuisine. Besides key markets, markets with many Asian communities are also a new direction for potential customers in consuming tropical specialties and spice products. Many Vietnamese spice products have affirmed their position in the international market. As for cinnamon, the cinnamon area in Vietnam reaches about 171,000 hectares, accounting for 17% of the global cinnamon area... Vietnam is the third largest cinnamon producing and exporting country in the world in terms of output, reaching 46,000 hectares. tons, after Indonesia and China. With anise, Vietnam ranks second in the world, after China, with an estimated annual output of about 20,000 tons on an area of about 55,000 hectares... Currently, Vietnamese cinnamon ...

Source: Agriculture