Vietnam's fruit and vegetable exports are projected to reach 6.6 billion USD by the end of November, fulfilling the annual target of 6-6.6 billion USD, one month ahead of schedule.
Vietnam raked in more than 3.8 billion USD from fruit and vegetable exports in the first seven months of 2024, up 23.4% year on year, according to the Vietnam Fruit and Vegetable Association (VINAFRUIT).
Fruit and vegetable exports are forecast to continue going smooth in the time ahead thanks to abundant domestic supply and foreign markets’ growing demand.
Vietnam is one of the world's top producers and exporters of agricultural products. Particularly impressive is the turnover of fruit and vegetable exports in May at 700 million USD, up 7.4% over the same period last year.
Vietnam's fruit and vegetable exports are flourishing, with an annual 28.1% increase in value to 2.59 billion USD recorded in the first five months of this year.
Vietnam’s fruit and vegetable exports in the first two months of this year surged 38% to about 749.7 million USD, which is expected to peak at nearly 7 billion USD this year.
Fruit and vegetable exports are predicted to set a new record in 2024, possibly exceeding the 6-billion-USD tunover goal and even approaching the 7-billion-USD milestone.
Vietnam’s fruit and vegetable exports are expected to reach a new record of 6.5-7 billion USD this year, up 15-20% from 2023, propelled by robust market signs, according to the Ministry of Agriculture and Rural Development.
After a period of stagnation caused by the COVID-19 pandemic, many farm produce of Vietnam have recorded speedy growth in export to China so far this year and the shipments are predicted to keep increasing in the time ahead.
Vietnam’s export revenue of vegetables and rice in the first 10 months of this year surpassed the figure reported in the whole 2022 by 2 billion USD, reaching a record amount of 8.9 billion USD.
In the first eight months of this year, Vietnam earned 3.45 billion USD from exporting vegetables and fruits, up 57.5% year-on-year and exceeding last year’s export turnover of 3.16 billion USD.
Vietnam earned more than 3.4 billion USD from exporting fruit and vegetables in the first eight months of 2023, a nearly 60% increase year-on-year. With such high growth, exports may hit the 5 billion USD mark for the year as a whole.
The export of Vietnamese fruits and vegetables is expected to continue to soar, considering a growth of 39% since early this year and strong increases in China's purchases.
Despite declines in the export of some agricultural products, overseas shipments of fruits and vegetables remain positive, promising a bright prospect in the second quarter of 2023.
Vietnamese fruit and vegetable brands face the threat of being pilfered, along with requirements regarding the protection of plant varieties in export markets.
Several fruits grown in Vietnam have successfully entered high-value, challenging markets. The country constantly seeks ways to beef up its economic power via fruit exports, claimed Malaysian newswire thestar.com.my.
The Malaysian National News Agency (Bernama) said in a recent article that a number of fruits grown in Vietnam have successfully entered high value and challenging markets.
