Resolving challenges, Vietnamese fruits will rise to new heights

Fruits

Vietnam

Market & Price Trends

Published Mar 16, 2024

Tridge summary

Vietnam's fruit industry, particularly durian exports, has seen substantial growth, but faces challenges such as quality control, climate change, and trade competition. For instance, China's domestic dragon fruit production has impacted Vietnam's export advantage. To address these issues, companies like Duc Hue Lam Dong Co., Ltd. are exploring high-tech solutions like freezing whole durians to maintain quality and expand exports. Despite high investment costs, this approach could help stabilize the market, reduce seasonal pressures, and increase competitiveness against countries like Thailand.

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

The potential of the world's fruit market is huge. To take advantage of the fruit consumption market with hundreds of billions of dollars globally and to reach the goal of achieving an export turnover of 10 billion USD/year in the coming years is not simple. Vietnam's fruit industry. Especially, it takes a long way to solve the many challenging problems that lie ahead. Challenges faced Sharing at the 2024 Fruit and Vegetable Export Forum taking place in Ho Chi Minh City on March 13, Mr. Nguyen Quang Huy, specialist of the Department of Crop Production (Ministry of Agriculture and Rural Development), said that the Vietnam's rise to second place among the top countries exporting fruit to China is a remarkable effort. It must be noted that the extremely impressive figure of durian exports, from only 10 million USD in 2015, to 420 million USD in 2022, but by 2023 there has been a huge jump to 2.3 million USD. billion USD. Not only for China, Mr. Huy emphasized that the demand and ...

Source: VNRuralEconomics