Vietnam’s fruit and vegetable export to reach a record $5 B this year

Hanoi, The Gulf Observer: Vietnam’s Fruit and vegetable exports are poised for a record revenue of $5 B this year, driven by favourable conditions from the beginning of this year.

Statistics of the Ministry of Agriculture and Rural Development showed that fruit and vegetable exports were estimated at $3.45 billion in the first eight months of this year, an increase of 57.5 per cent over the same period last year and even exceeding the record value of $3.81 billion set in 2018.

With the rapid growth registered from the beginning of this year, many were optimistic that the fruit and vegetable exports would hit a new record of $5 billion.

The ministry said protocols that Vietnam signed with China in 2022 helped Vietnam’s fruit and vegetable exports to be robust this year, with durian, mango, dragon fruit and banana among products with large export value.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit Association, said the increase in fruit and vegetable exports was driven by the increase in purchases of the Chinese market. In addition, many countries increased imports of vegetables and fruits from Vietnam as their production was affected by drought and flood.

Statistics of the Import–Export Department under the Ministry of Industry and Trade (MoIT) showed that fruit and vegetable exports to China reached $2 billion in January – July, representing a rise of 128.5 per cent against the same period last year.