Vietnam's fruit and vegetable exports are projected to see continued strong growth in the remaining months of the year, helping the sector to achieve its goal of 7 billion USD in export revenue.
Nineteen Vietnamese enterprises attended Asia’s premier fresh fruit and vegetable trade show - Asia Fruit Logistica, which is underway in Hong Kong (China) from September 4-6.
Vietnam’s export revenue of vegetables and rice in the first 10 months of this year surpassed the figure reported in the whole 2022 by 2 billion USD, reaching a record amount of 8.9 billion USD.
Vietnam earned more than 3.4 billion USD from exporting fruit and vegetables in the first eight months of 2023, a nearly 60% increase year-on-year. With such high growth, exports may hit the 5 billion USD mark for the year as a whole.
Vietnam earned 3.45 billion USD from exporting vegetables and fruits in the first eight months of 2023, up 57.5% year-on-year, according to the Ministry of Agriculture and Rural Development.
According to the Ministry of Agriculture and Rural Development, Vietnam earned over 3.25 billion USD from exporting fruit and vegetables in the first seven months of the year, representing a year-on-year increase of a significant 68.8%.
China spent 805 million USD on importing vegetables and fruits from Vietnam in the first four months of 2023, up 29% year-on-year, according to the Vietnam Fruit and Vegetables Association (Vinafruit).
Despite suffering a year-on-year decrease of 11.1% in the first five months of 2023, agro-forestry-aquatic product exports are expected to rebound in the remaining months of this year thanks to recovery momentum in main export markets, insiders said.
The export of Vietnamese fruits and vegetables is expected to continue to soar, considering a growth of 39% since early this year and strong increases in China's purchases.
As one of the few sectors reporting export turnover increase in the first quarter of 2023, Vietnam's vegetable and fruit sector has a bright outlook to earn 4 billion USD in export revenue this year.
Despite declines in the export of some agricultural products, overseas shipments of fruits and vegetables remain positive, promising a bright prospect in the second quarter of 2023.
Farmers have paid greater attention over recent years to applying high technology in growing vegetables, contributing to boosting sustainable agriculture production and improving their livelihoods, according to a report from Duc Trong district, a key vegetable growing area in the Central Highlands’ province of Lam Dong.
Agro-forestry-fishery exports stood at over 49 billion USD in the first 11 months of 2022, higher than last year’s record of 48.6 billion USD, the Ministry of Agriculture and Rural Development said.
The application of high-tech or organic practices to agricultural production may come with costs that are higher than conventional methods, but it will help save in the long run for pest control by improving product quality and bringing higher income.
Lettuce cultivated in the Central Highlands province of Lam Dong’s Da Lat city has been exported to Singapore and the Republic of Korea (RoK), according to the municipal People’s Committee.
Given numerous difficulties predicted for fruit and vegetable sale both at home and abroad in 2022, Vietnamese businesses have been recommended to improve processing and expand their market right from the year’s beginning, the Nhan dan (People) daily reported.
Import-export value of agro-forestry-fisheries products hit nearly 11 billion USD in the first two months of 2021, resulting in 1.37 billion USD in trade surplus, up 28.4 percent year on year, according to the Ministry of Agriculture and Rural Development (MARD).
After the UK-Vietnam Free Trade Agreement (UKVFTA) took effect on December 31, 2020, both sides saw impressive growth in their two-way trade though exports faced formidable challenges caused by the COVID-19 pandemic.
