Coconut exports forecast to hit 1 billion USD in 202331/05/2023 74
Coconut products have great export potential and the export value of this industry is forecast to reach 1 billion USD in 2023
Talking to reporters on the sidelines of the meeting to introduce the Vietnam International Furniture and Home Accessories Fair (VIFA EXPO 2023), Mr. Cao Ba Dang Khoa, Acting General Secretary of the Vietnam Coconut Association, said that over the past 5 years, Vietnam’s coconut industry has risen to the 4th position in Asia. The industry has developed about 200 products, including some high-value products that are exported to selective markets such as Finland, thereby affirming the brand name of Vietnamese coconut in the world market.
Regarding the situation of coconut exports in 2023, Khoa said that coconut export orders are now very positive, thus, it is likely that this industry will achieve the export target of over 1 billion USD this year.
The Vietnam Coconut Association is coordinating with many industries and localities to organize activities to improve production capacity and build brands for coconut products.
In particular, VIFA EXPO is the opening activity for a series of trade promotion programs of the industry in 2023 with the purpose of targeting a wood industry market using sustainable materials from crops, including coconut trees and handicrafts from coconuts.
In the near future, the Vietnam Coconut Association will build more coconut associations in other provinces or cities across the country. In each of these provinces or cities, the association will be established by the provinces or cities and the Vietnam Coconut Association will support the members./.
Source: Communist Party of Vietnam