Vietnamese lychees worth than 400,000 VND/kg are being exported to Japan

Published 2022년 6월 5일

Tridge summary

The article highlights the significant role of bank loans, accounting for approximately 20% of business capital flows, in supporting agricultural businesses in Vietnam. These loans are essential for equipping facilities to meet strict export standards, enabling the successful export of fresh litchi to Japan and other major markets like the US, UK, and EU. The investment in modern technology has not only improved the quality and export value of litchi but also allowed businesses to purchase other agricultural products such as sugarcane and carrots, thereby expanding their export portfolios. The article also notes the positive impact of these investments on farmers' incomes and the growth of the agricultural export sector, with a 15.6% increase in the first four months of this year compared to the same period last year.

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

Original content

Loans from banks account for about 20% of business capital flows. The loan is also used to equip equipment for cleaning tubers and fruits according to strict Japanese procedures, then it will be exported to major consumer markets such as Japan, the US, the UK and the EU. Thanks to modern technology invested by borrowed capital, fresh litchi is being exported to Japan by enterprises for about 18-20 USD/kg (more than 400,000 VND). As a result, farmers can rest assured to plant according to the guided process, where the litchi is purchased. Vietnamese lychees exported to ensure quality, hygiene and food safety are popular in many markets. "Our income is higher, more stable, the price is higher than the market price, so it's very exciting," said Mr. Tran Van Tinh, a farmer in Hai Duong. Thanks to the loan, businesses have more resources to buy other agricultural products such as sugarcane and carrots depending on the season, thereby expanding export market share. It is planned that ...

Source: VNRuralEconomics