Vietnam’s fruit and vegetable exports have seen increase of 38%
“Vietnam’s fruit and vegetable exports have seen a significant increase of 38%, reaching approximately $749.7 million in the first two months, with projections suggesting a peak near $7 billion for the year. The industry is anticipated to continue its growth trajectory into 2024, buoyed by strong order books extending through the first quarter. This optimism is echoed by the Lao Dong newspaper, highlighting the sector’s potential.
Following an agreement between the Vietnamese Ministry of Agriculture and Rural Development and the General Administration of Customs of China on phytosanitary requirements, durian exports alone are expected to contribute $3.5 billion. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, noted that while tensions in the Red Sea may impact exports to Europe and the U.S., trade with China is likely to surge, especially for durian, dragon fruit, jackfruit, banana, and mango.
Deputy Minister of Agriculture and Rural Development, Phung Duc Tien, announced that additional Vietnamese products, including medicinal herbs, coconuts, frozen fruits, and watermelons, are set to enter the Chinese market through official channels, further enhancing Vietnam’s agricultural export revenue. Last year, the country’s fruit and vegetable export turnover reached an estimated $5.6 billion, marking a 66% increase from the previous year, with durian surpassing dragon fruit in export value. China remains the largest importer, with a turnover of $3.7 billion, representing a nearly 250% increase in value and a 65% increase in market share from 2022.”
*This article is excerpted from freshplaza.com website, published March 4, 2024