Vietnamese coconut brings in more than 900 million USD

Published 2023년 2월 25일

Tridge summary

The Vietnam Coconut Association (VCA) has hosted a program to boost the trade of coconut and related products. Despite the slowdown due to the Covid-19 pandemic, Vietnam's coconut industry is expected to grow, backed by the government's support and inclusion of coconut trees in the project of developing key industrial crops. In 2022, the industry generated over 900 million USD from exports. The VCA is aiming to support businesses in the industry and stimulate market demand. A Memorandum of Understanding was signed between the VCA and UOB to allow coconut businesses to access capital for production and services.

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Original content

In order to create favorable conditions for businesses to promote their products, connect, trade, and communicate their brands widely, the Vietnam Coconut Association (VCA) has just organized the program "Promoting trade in the coconut industry and related products." industry related to coconut” for the first time on the morning of February 25 in Ho Chi Minh City. According to Mr. Cao Ba Dang Khoa, Acting General Secretary of VCA, Vietnam's coconut industry has recently turned around and encountered the Covid-19 epidemic around the world, slowing down the growth rate that the community has experienced. Businesses and authorities nationwide had expected. However, Vietnam's coconut industry is having favorable conditions for development as the Government has facilitated the development of a national brand identity for the coconut food industry; The government trusts the VCA to represent Vietnam's coconut industry in the World Coconut Community - ICC; The Ministry of Agriculture and ...

Source: Agriculture