Vietnam's fruit and vegetable industry trades directly to increase export value

Fruits

Vegetables

Vietnam

Market & Price Trends

Published Mar 22, 2024

Tridge summary

Vietnamese agricultural products are facing competition in the Chinese market, primarily from Thailand, due to high production costs, lack of mechanization, inconsistent quality, and unstable branding. However, Vietnam's ability to produce certain fruits year-round provides a competitive edge. The Chanthaburi Chamber of Commerce in Thailand is seeking cooperation with Vietnamese farmers to promote their products. The Vietnam Fruit and Vegetable Association aims to reach an export turnover of $6.5 billion to $7 billion by 2024, focusing on the Chinese and Southeast Asian markets. The Ministry of Agriculture and Rural Development is negotiating with major markets like China, New Zealand, the US, and Japan to expand the market for various fruits and vegetables, and is organizing conferences and seminars to connect buyers and manufacturers directly.

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

In which, direct trade with a number of countries with similar products is expected to increase value and reduce risks for Vietnamese agricultural products. Chanthaburi is a leading province in agricultural output in Thailand, especially fruit growing, typically including: Durian, rambutan, mangosteen, pineapple, jackfruit, longan... This is also a customer. Chinese perennial tropical fruit. Recently, Vietnam and Thailand both have many similar products focused on exporting to the country of billions of people. Vietnamese agricultural products exported to China are facing fierce competition from the pagoda country. One of Vietnam's limitations is related to high production costs, mechanization, product quality farming processes, and unstable branding. Besides, the issue of joint ventures and partnerships in production also does not meet import and export regulations well... Therefore, somewhere there are still contracts between businesses and manufacturers, and farmers' prices are ...

Source: Vov