Vietnam needs to invest in processing and packaging of agricultural products

Published May 11, 2021

Tridge summary

Fruit and vegetable exports from Vietnam have seen a 6.1% increase in the first quarter, reaching a value of $950 million, due in part to new-generation free trade agreements and the UK-Vietnam Free Trade Agreement. Experts recommend that exporters improve their processing technologies to maintain product quality and increase value. Current post-harvest losses vary from 10-30% for different crops, with the Mekong Delta experiencing annual losses worth over $132 million. Most exports to neighboring China are fresh and unprocessed, but limitations in storage and post-harvest processing prevent greater exports to countries like South Korea, Japan, the US, and the EU.

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

Original content

Fruit and vegetable exporters should improve their processing technologies, especially in the post-harvest and packaging stages, to preserve their products longer and enhance their value, experts said.Statistics from the Ministry of Agriculture and Rural Development show that the value of fruit and vegetable exports in the first quarter were worth US$950 million, a 6.1 percent rise year-on-year. Due to the impact of COVID-19, last year exports fell marginally to $3.26 billion. According to Đang Phuc Nguyen, general secretary of the Vietnam Vegetables Association, new-generation free trade agreements (FTAs) such as the EU-Vietnam Free Trade Agreement (EVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and Regional Comprehensive Economic Partnership (RCEP) are helping Vietnamese businesses increase fruit and vegetable exports this year. ©VNA/VNS The UK – Vietnam Free Trade Agreement (UKFTA) affected late last year made more than 94 percent of ...

Source: Hortidaily