Vietnam eyes 2 billion USD in cassava exports by 2030

Vietnam targets cassava exports at around 1.8 - 2 billion USD by 2030 under a project on sustainably developing the product approved recently by the Ministry of Agriculture and Rural Development.
Vietnam eyes 2 billion USD in cassava exports by 2030 ảnh 1Illustrative photo (Photo: vneconomy.vn)
Hanoi (VNA) – Vietnam targets cassava exports at around 1.8 - 2 billion USD by 2030 under a project on sustainably developing the product approved recently by the Ministry of Agriculture and Rural Development.

Accordingly, the country strives for 11.5 - 12.5 million tonnes of the fresh roots by 2030, 85% of which will be deeply processed. Around 50% of the total farming area will apply a sustainable farming process.

By 2030, there will be five key regions for cassava development, namely the northern midlands and mountainous region with an area of 100,000 - 105,000 ha and fresh cassava output of 1.8 - 2 million tonnes, the north-central region 50,000 - 55,000 ha and 1.1 - 1.2 million tonnes, the south-central coast region 85,000 - 90,000 ha and 2.1 - 2.3 million tonnes, the Central Highlands 150,000 - 160,000 ha and 3.5 - 3.7 million tonnes, and the southeastern region 90,000 - 95,000 ha and 3.1 - 3.3 million tonnes.

By 2050, about 70 - 80% of the farming area will a apply sustainable farming process, and over 90% of the fresh root output will undergo deep processing. Vietnam expects to gain about 2.3 - 2.5 billion USD from exporting cassava.

Last year, cassava exports reached 1.3 billion USD.

Statistics of the General Department of Customs showed that Vietnam exported 944.93 tonnes of cassava and its products in the first quarter of this year, worth 430.44 million USD, representing a rise of 15.6% in value over the same period last year.

Notably, China was the largest importer of the root from Vietnam as it purchased 94.2% of the latter's total cassava export volume and 92% of the export value./.
VNA

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