The sector is hoped to remain a bright spot in 2024 as many businesses reported that order books are full until the end of the first quarter.

Vietnam’s fruit and vegetable exports in the first two months of this year surge 38% to about 749.7 million USD.

Durian alone would will bring in 3.5 billion USD after the Vietnamese Ministry of Agriculture and Rural Development and the General Administration of Customs of China signed a protocol on phytosanitary requirements for the Vietnamese fruit exported to the neighbouring country last year, said Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit).

Although shipments to Europe and the US are forecast to be hindered by the Red Sea tension in the time ahead, exports to China will be boosted, driven by durian, dragon fruit, jackfruit, banana, and mango, he added.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien said four more Vietnamese products will be shipped to China via the official channel in the time ahead, comprising medicinal herb, coconut, frozen fruit, and watermelon, thus contributing greatly to Vietnam’s agricultural export revenue.

According to statistics from the General Department of Customs, Vietnam’s fruit and vegetable export turnover hit an estimated 5.6 billion USD last year, up 66% year-on-year. Surpassing dragon fruit, durian recorded the highest export value.

The largest importers of Vietnamese fruits and vegetables included China, the US, the Republic of Korea, Japan, Thailand, the Netherlands, Taiwan (China), Australia, the United Arab Emirates, and Russia.

China remained the biggest buyer, with the import turnover reaching 3.7 billion USD in the year, up nearly 250% in value and 65% in market share compared to 2022.

Vietnam’s agricultural exports to China expected to rise

Vietnam expects to increase its agricultural exports to China as the neighbouring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat, according to the Agency of Foreign Trade (AFT) at the Ministry of Industry and Trade (MoIT).

Cross-border e-commerce Vietnam’s next big thing in exports: Amazon

Cross-border e-commerce is expected to be fifth highest in the list of Vietnam’s exports by 2027 with a value of US$12 billion, according to U.S. e-commerce giant Amazon.

Vietnam to cash in on FTAs, trade promotions to boost exports

The Ministry of Industry and Trade (MoIT) will capitalise on signed free trade agreements (FTAs) to diversify markets, step up trade promotions and shift to exports through official channels with a view to gaining 377 billion USD in export revenue this year.

State budget revenue from imports, exports up 13.2% in January

State budget revenue from exports and imports in January reached 30.64 trillion VND (1.25 billion VND), equivalent to 8.2% of the estimate, and up 13.2% year-on-year, the General Department of Vietnam Customs (GDVC) reported on February 6.

Vietnam wins bid to export 300,000 tons of rice to Indonesia

Seven Vietnamese firms have won a bid to export 300,000 tons of rice to Indonesia, or more than half the volume that country’s plans to import in January.

Source: VNA