Vietnam’s exports of fruits and vegetables hit 3.34 billion USD as by December 15, a surge of 45 percent year on year, surpassing 2016’s revenue of 2.457 billion USD.
Hanoi (VNA) – Vietnam’s exports of fruits and vegetableshit 3.34 billion USD as by December 15, a surge of 45 percent year on year,surpassing 2016’s revenue of 2.457 billion USD, according to the updated reportof the General Department of Vietnam Customs.
According to the Ministry of Industry and Trade, China is the majormarket of Vietnamese fruits and vegetables, buying products worth 2.4 billionUSD in 11 months, accounting for 75.7 percent of Vietnam’s total export value,a year-on-year rise of 54.9 percent.
Sharp increase was also recorded in other markets such as Japan, the US,the Republic of Korea, the Netherlands, Malaysia, and Thailand.
Among 23 markets of Vietnamese fruits and vegetables, downturn was seenonly in four markets of Thailand, the UK, Cambodia and Indonesia.
So far, the export revenue of fruits and vegetables has surpassed thatof rice, coffee and even crude oil.
For the whole year, the figure is estimated to reach over 3.51 billionUSD, up 43 percent over 2016.
The Vietnam Fruit and Vegetables Association (Vinafruit) forecasts thatpotential of Vietnamese fruits and vegetables is high in both global anddomestic markets.
Informative labeling in service of the tracking of origin and production areasof commodities have made locally-grown vegetables and fruits win higher marketshares and enter others markets more easily.
The association predicted that the sector’s export revenue in 2018 will behigher than the 2017 figure.-VNA
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA) 
