Vietnam: Fruit and vegetable exports reached their destination 2 years earlier than planned
Regulation & Compliances
Market & Price Trends
Published Nov 14, 2023
Vietnam's fruit and vegetable exports are set to reach their target of $5 billion by 2025 two years earlier than planned, with the total export turnover reaching $4.9 billion by the end of October. The growth is driven by durian exports to China, which saw a breakthrough after the signing of a new protocol and an increase in licensed facilities. China is currently the largest importer of Vietnamese fruits and vegetables, followed by the US and Korea.
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Source: Vnbusiness.vn The Project on Developing Key Fruit Crops to 2025 and 2030 targets fruit and vegetable exports to reach 5 billion USD by 2025. However, by the end of October this year, our country's total fruit and vegetable export turnover has reached 4.9 billion USD and if the current momentum is maintained, by the end of the last 2 months of the year, our fruit and vegetable exports will reach their destination 2 years earlier than planned. Playing a key role in fruit and vegetable exports this year is durian with a proportion accounting for nearly half of the turnover. From 420 million USD last year, the Vietnam Fruit and Vegetable Association forecasts that by the end of this year this product will have an export turnover of 2.4 - 2.5 billion USD. Explaining this strong increase, Mr. Dang Phuc Nguyen - General Secretary of the Vietnam Fruit and Vegetable Association said: "After signing the Protocol, durian exports to the Chinese market made a spectacular breakthrough. ...