Illustrative picture (Photograph: VNA) 

Hanoi (VNA) – Vietnam’s fruit and vegetable export turnover reached an estimated 1.25 billion USD within the first quarter of 2024, up 27% over the identical interval in 2023, the Normal Division of Customs has reported.

In line with the Vietnam Fruit and Vegetable Affiliation (VINAFRUIT), the fruit and vegetable sector earned practically 1 billion USD within the first two months of this 12 months, surging by practically 73% over the identical interval final 12 months, exhibiting nice prospects for its future export progress.

China, the Republic of Korea (RoK), Thailand, and Japan remained main markets of Vietnamese vegetables and fruit with sustained growths.

Notably, amongst Vietnam’s high 10 fruit and vegetable importers as of February 29, the Thai market recorded remarkably excessive progress, hitting 28.6 million USD, surging by 125.9% in comparison with the identical interval in 2023. That lifted the nation’s market share from 2% to just about 4%.

Farmers harvest watermelons (Photograph: VNA)

VINAFRUIT Normal Secretary Dang Phuc Nguyen attributed the consequence to the contribution of low season durian, saying that Thailand has promoted buying Vietnamese durians to serve vacationers as a result of Thai home durian is simply obtainable for about 4 months per 12 months, whereas Vietnam has the fruit all 12 months spherical.

Based mostly on the outcomes talked about above, Vietnam’s vegetable and fruit exports in 2024 are predicted to develop by 15-20%, even reaching 6.5-7 billion USD if exporters can utilise alternatives offered by commerce protocols, Nguyen stated.

Sharing Nguyen’s viewpoint, Le Thanh Hoa, Deputy Director of the Ministry of Agriculture and Rural Growth (MARD)’s Division of High quality, Processing and Market Growth, stated Vietnam boasts many benefits to advertise the export of greens, flowers, and fruits because it signed dozens of FTAs with international companions which facilitate negotiations to open doorways for varied vegetable and fruit merchandise to entry a number of markets.

To effectively exploit market alternatives, manufacturing needs to be organised following requirements of fine agricultural practices tailor-made to every sort of fruit and vegetable to fulfill the necessities of customers in worldwide markets, Hoa really helpful.

Consultants additionally predicted that, though the Purple Sea concern has brought on difficulties for Vietnamese fruit and vegetable exports to Europe and the US, the export to China and neighbouring areas recorded a pointy improve, particularly for durian, coconut, dragon fruit, jackfruit, banana, and mango.

In line with Le Thi Mai Anh, head of the Division for Southeast Asia and South Asia Regional Cooperation on the MoIT’s Asia-Africa Market Division, ASEAN is the second-largest market of Vietnamese vegetables and fruit, solely after China. Final 12 months, Vietnam exported 297.7 million USD price of fruit and greens to this market, specializing in 4 principal international locations specifically Thailand, Malaysia, Singapore, and Laos.

The benefit of the ASEAN market is low logistics prices because of proximity, and import tariffs starting from solely 0% to five%, she added./.

VNA