Vietnam’s fruit and veg exports likely to exceed $4 billion
Thanks to an average monthly growth of over 14 percent, Vietnam’s fruit and vegetable exports are likely to surpass $4 billion this year. The Import-Export Agency under the Ministry of Industry and Trade stated that Vietnam earned $2.7 billion from fruit and vegetable exports in the first eight months of 2018, a year-on-year rise of 14.1 percent.
China continued to be the largest importer of Vietnamese vegetables and fruits, with a turnover of nearly $2 billion, up 11.6 percent against the same period last year. The country was followed by the US, Thailand and Australia.
The result is attributed to the similarity in demand, habits and consumer taste and close geographical distance between Vietnam and China. However, requirements for product quality in the Chinese market are increasing, in line with global trends.
The Ministry of Agriculture and Rural Development said it will continue encouraging farmers across the country to replace rice in areas producing low output with other crops of higher economic value such as fruit trees, vegetables or flowers.
According to en.vietnamplus.vn, the Ministry will also push the use of high-quality seeds and seedlings along with advanced farming technology in agriculture to improve the value and competitiveness of domestic farm produce.
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