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It is forecasted that fruit and vegetable exports will be quite positive in the coming months. Especially when fresh jackfruit has been officially licensed by China for official export to this market.
According to information from the Viet Nam Fruit and Vegetable Association, fruit and vegetable exports in the first 11 months set a new record with a turnover of over 7.8 billion USD, nearly 700 million USD higher than the turnover of last year.
China remains Viet Nam's largest fruit and vegetable import market, accounting for nearly 60% of the market share. Followed by the US and South Korea.
The fruit groups that contribute mainly to the growth of fruit and vegetable exports are durian, banana, mango, jackfruit, coconut, and grapefruit, of which durian is the main export item.
Forecasting exports this year and next year, according to Mr. Dang Phuc Nguyen - General Secretary of the Viet Nam Fruit and Vegetable Association, export turnover could reach over 9 billion USD, aiming for 10 billion USD thanks to factors.
Firstly, some new products were opened such as fresh jackfruit, grapefruit, processed products from mango, passion fruit.
Second, the frozen durian industry has developed thanks to quick freezing and soft freezing technology, serving exports to the EU, US, Korea and Japan.
Third, export enterprises take advantage of incentives from current FTAs (CPTPP, EVFTA) and new FTAs in reducing export tariffs to 0%. In addition, expanding the market for processed products as well as organic fruits and vegetables, the Halal market will also create opportunities for Vietnamese agricultural products in general and Vietnamese fruits and vegetables in particular.
"Fruit exports to the Chinese market in the first half of the year faced difficulties, causing a loss of about 500 million USD in turnover. By the end of November, export turnover reached 7.8 billion USD, and is expected to reach 8.5-9 billion USD for the whole year. With new products, new FTAs and an expanded market, next year's turnover could reach about 10 billion USD," said Mr. Dang Phuc Nguyen.
Source: VTV
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