Fruit and vegetable exports could set a new record of 7.5 billion USD
Báo Tin Tức•05/11/2024
At this time, goods exporting enterprises are determined to promote growth, making the most of market advantages, especially new generation free trade agreements.
In particular, fruit and vegetable exports are also accelerating towards the finish line. The Vietnam Fruit and Vegetable Association estimates that fruit and vegetable exports this year could reach 7.5 billion USD.
Fresh durian for export. Photo: Hong Dat/VNA
According to the Ministry of Agriculture and Rural Development , in the first 10 months of 2024, fruit and vegetable exports reached 6.34 billion USD, up 31.5% over the same period last year and surpassing the record of 5.7 billion USD in 2023. Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, expressed that with these positive results, this year's fruit and vegetable exports could exceed all forecasts and reach 7.5 billion USD - a new record, up 1.8 billion USD compared to the level achieved in 2023. According to the Vietnam Fruit and Vegetable Association, durian continues to be the largest contributor, bringing in more than 3 billion USD in 10 months, accounting for nearly 50% of total export turnover. Other products such as bananas, mangoes, dragon fruit and processed products also contributed significantly. China remains the largest market for importing Vietnamese fruits and vegetables with 3.8 billion USD in 9 months, up 38% over the same period in 2023. Markets such as Thailand, the US, South Korea and Japan also recorded strong growth with double digits. According to Mr. Dang Phuc Nguyen, durian is a fruit that brings surprising export results. Although the main durian season in the Central Highlands ends in October, Vietnam still has off-season goods thanks to good crop spreading techniques by farmers. It is likely that this year's durian export turnover could reach 3.5 billion USD - a rare number for any fruit. Although its export value is not as high as durian, fresh coconut, although newly allowed to be exported to China, has recorded positive signals through businesses signing cooperation agreements to promote the export of this item. During the recent trade promotion trip of the Vietnam Coconut Association in Guangxi (China), Mr. Cao Ba Dang Khoa, General Secretary of the Vietnam Coconut Association, shared that many businesses have signed export contracts of 30 - 50 containers, some even signed an agreement to supply 1,500 containers. All participating businesses have cooperation agreements to export coconuts to this market. In addition, at the first Vietnam Fruit Festival held in Beijing, China recently, businesses also signed many orders. Since the Protocol on phytosanitary requirements for fresh coconut exports from Vietnam to China was issued, it has opened up a positive signal for the future of the Vietnamese coconut industry in this populous market. The continuous signing of cooperation agreements and large orders has caused many businesses to not have enough goods to export. "Currently, Vietnamese enterprises can only meet small orders with a few small batches. Because in the past, people did not grow coconuts in concentrated areas and did not grow the same type of coconut. Therefore, when enterprises have a large demand for a type of coconut, the supply is very difficult. In addition, Vietnam's coconut peeling technology is still rudimentary, so the efficiency is not high, making it difficult to meet large orders. However, in response to the needs of importers, many enterprises have considered importing machinery and equipment to improve efficiency as well as better meet the needs of this market," said Mr. Cao Ba Dang Khoa. Mr. Nguyen Dinh Tung, General Director of Vina T&T group, said that the first Vietnam Fruit Festival recently created an opportunity for Vietnamese enterprises to score points and penetrate deep into the northern region of China. Vina T&T group has signed a cooperation agreement with a wholesale market specializing in product distribution in Beijing and a logistics enterprise to ensure the transportation of goods here. In addition, Vina T&T Group also visited and studied the Chinese quarantine agency to learn about the control and traceability of goods. The company hopes to cooperate to test products in Vietnam and attach traceability codes to the products. From there, it ensures that the quality of the goods is well controlled, helping to clear the goods quickly, and Chinese consumers can rest assured about the products.
Regarding the two products that have just signed the protocol, fresh coconut and frozen durian, Mr. Nguyen Dinh Tung assessed: Northern China is a very potential area for both of these products. The room for these two products in the Chinese market is quite large. Because these are products with a long shelf life, they can conquer every corner of this market. If businesses control the quality well, they can completely compete with Thai coconut. Vietnam has many coconut varieties, businesses need to choose the best coconut products to develop the market as well as build a brand for fresh Vietnamese coconut. With another direction, Mr. Nguyen Khac Tien, Chairman of the Board of Directors of Ameii Vietnam Joint Stock Company, shared that the direction of businesses in the Chinese market will be processed fruit products. In addition, businesses are also preparing conditions for frozen durian to soon enter this market. Returning to fresh coconut products, Mr. Cao Ba Dang Khoa said that the demand for fresh coconuts in the Chinese market can be divided into 5 levels, so small and medium enterprises can also access this market, unlike markets such as the US, EU, etc., which require enterprises to be strong in both resources and market access capacity, and transportation capacity to meet product quality requirements. According to Mr. Cao Ba Dang Khoa, Thailand currently accounts for 60% of the coconut market share in China. Hopefully, with the cooperation agreements reached by enterprises, along with efforts to improve domestic production gardens, Vietnamese fresh coconuts will soon have a significant market share in this market. To create opportunities to export fruit to markets, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam shared that the products are grown in areas with growing area codes, meeting national and international quality standards, serving export. Currently, Vietnam has 5,840 fruit growing area codes that have been assigned codes by importing countries; Of which, China accounts for 40.2% with 2,350 growing areas granted export codes. Vietnam has 12 types of Vietnamese fruits exported to the Chinese market with a turnover of about 4.5 billion USD in 2024.
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