Veggie, fruit exports changing markets

Vegetable and fruit exports plunged 9.6 percent year-on-year to 508 million USD in the first two months of 2022 due to a sharp decrease in shipments to China, according to the General Department of Vietnam Customs.
aa
Veggie, fruit exports changing markets
Illustrative photo.

Shipments to China, the Vietnam’s largest vegetable and fruit importers for years, fell nearly 26 percent year-on-year to worth 261 million USD in January-February as a result of the neighbouring country’s stricter rules on imported food, causing severe backlogs at shared borders in the north.

However, Vietnamese vegetables and fruits enjoyed strong growth in other major markets, such as the US (79 percent), the Republic of Korea (32 percent), Japan (12 percent), Australia (45.7 percent), and the Netherlands (51.5 percent).

Many Vietnamese exporters are turning their eyes to EU markets where their products are entitled to the zero-percent tax rate from the EU-Vietnam Free Trade Agreement (EVFTA) and the markets are seeing increasing demand for tropical vegetables and fruits.

Nguyen Dinh Tung, Vina T&T Group CEO, said his company has been boosting exports of fresh and processed vegetables and fruits to the EU. The firm has come into contact with a large supermarket chain in France which looks for regular supply overseas.

It provides more opportunities for the group to enter and expand its foothold in France as well as other EU nations, he said.

Last year, Vietnam exported 3.55 billion USD worth of vegetables and fruits, up 8.6 percent from a year earlier. Of the figure, 1.9 billion USD came from shipments to China, an increase of 3 percent./.

en.vietnamplus

Đọc thêm

Giang Dien Industrial Park offers prime land near Long Thanh Airport

Giang Dien Industrial Park offers prime land near Long Thanh Airport

Clean land funds in prime southern industrial locations are becoming increasingly scarce as competition intensifies, with sites near Long Thanh International Airport drawing strong investor interest.
Viconship acquires real estate company

Viconship acquires real estate company

Vietnam Container Shipping, a leading logistics provider, announced the acquisition of a 65 per cent equity interest in Harbour City Co. Ltd on March 16, to implement a real estate project in Haiphong city.
Hanoi plans financial centres in Hoan Kiem and Nhat Tan

Hanoi plans financial centres in Hoan Kiem and Nhat Tan

Hanoi is planning to develop financial centres in Hoan Kiem and the Nhat Tan as part of its long-term urban development strategy.
Sun Group takes controlling stake in Vietnam Digital Asset JSC

Sun Group takes controlling stake in Vietnam Digital Asset JSC

Sun Group has become the controlling shareholder in newly established Vietnam Digital Asset JSC, committing 64 per cent of its initial $40 million charter capital.
Hateco-APM consortium wins $1.76bn Lien Chieu port development in Danang

Hateco-APM consortium wins $1.76bn Lien Chieu port development in Danang

A consortium between Hateco and the Netherlands' APM Terminals will develop the Lien Chieu container port in Danang with an investment of $1.76 billion.
US investment firm PGP seeks deeper ties with Vietnam

US investment firm PGP seeks deeper ties with Vietnam

A delegation from US investment firm Pacific Gateway Partners has met with Vietnamese finance officials to discuss deepening bilateral cooperation.
Dien May Xanh plans IPO in 2026

Dien May Xanh plans IPO in 2026

Electronics retail chain Dien May Xanh, under Mobile World Investment Corp, plans an initial public offering by selling 180 million shares, or a 16 per cent stake.
Foxconn's Vietnam unit raises registered capital

Foxconn's Vietnam unit raises registered capital

A Foxconn subsidiary in Vietnam has increased its charter capital by nearly $40 million across two separate adjustments in early 2026.
Xem thêm