There is a lack of organizational focal points linking spice production in Vietnam

Herbs, Spices & Seasonings

Vietnam

Market & Price Trends

Innovation & Technology

Published Nov 14, 2023

Tridge summary

At a recent forum on promoting the export of local spices and specialties, it was highlighted that Vietnam's vegetable and spice industry has great potential in international markets. While the export volume of spices and regional specialty products is small, they hold significant value, contributing up to 20% of Vietnam's international trade value. However, there are challenges such as the lack of a national industry development strategy, pesticide residues, and the need for improved plant protection and microbiological standards to meet the strict requirements of international markets.

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

This is one of the concerns of many businesses at the forum "Promoting the export of local spices and specialties to key markets" recently held. According to Mr. Nguyen Nhu Tiep, Director of the Department of Quality, Processing and Market Development (Ministry of Agriculture and Rural Development), Vietnam's vegetable and spice industry is facing many opportunities and the development potential is much greater than in Vietnam. In other countries' markets, spice products are widely used. In addition to salt and pepper, fish sauce is also a spice that has the potential to go far thanks to its rich Vietnamese flavor and values. “In the past, people paid a lot of attention to pangasius, brackish water shrimp, and rice with a large export market share. Although the export volume of spices, herbs and regional specialty products is not much, the value is especially large, only 5% of the area planted with spices and vegetables but up to 20% of the value of international trade. originated ...

Source: Agriculture