In 2024, Vietnam's fruit and vegetable export will receive many good opportunities

Fruits

Vegetables

Vietnam

Market & Price Trends

Published Jan 6, 2024

Tridge summary

"King fruits" make up a significant portion of Vietnam's fruit and vegetable export turnover, with 2023 being a record year and forecasts for the industry to continue growing by 15-20% in 2024. The success of Vietnamese fruits and vegetables can be attributed to the positive market signals, innovation in production methods, and the diversity of products, particularly the impact of durian and increased exports to major markets such as China, the US, and the EU. However, the industry also faces challenges in maintaining and improving quality and complying with regulations, despite the large potential for growth.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

"King fruits" account for nearly half of our country's total fruit and vegetable export turnover. Imprint of the fruit and vegetable industry 2023 is considered a record year for the fruit and vegetable industry when vegetable export turnover reaches 5.69 billion USD, an increase nearly 70% compared to the previous year. From positive signals from the market and innovation in production methods, the Ministry of Agriculture and Rural Development forecasts that in 2024, the fruit and vegetable industry will continue to receive new records, growing in level of 15-20% compared to 2023, equivalent to 6.5-7 billion USD if the opportunity is well used... Previously, the target set by the Agriculture sector for fruit and vegetable products in 2024 reached 4.5 billion USD, by 2025 it will be 5 billion USD. However, in 2023, the set target has been reached with an export turnover of 5.69 billion USD, 2 years exceeding the industry's plan. Analyzing success in Exporting this product last ...

Source: VNRuralEconomics