Business

Bac Giang’s lychee revenue reaches 60-year high

Farmers in the northern province of Bac Giang earned revenue of 6.1 trillion VND (262.3 million USD) from lychee this year, surpassing records in the past 60 years in terms of value.
Bac Giang’s lychee revenue reaches 60-year high ảnh 1Illustrative image (Photo: phapluatplus.vn)

BacGiang (VNA) - Farmers in the northern province of Bac Giang earnedrevenue of 6.1 trillion VND (262.3 million USD) from lychee this year,surpassing records in the past 60 years in terms of value.

The province’stotal revenue from lychee was 5 trillion VND in 2016, 5.3 trillion VND in 2017and 5.8 trillion VND in 2018.

Farmersin the province have not had to bring their lychee to the market. Traders cameto their gardens to buy the fruit.

Bui Van Canh,a lychee trader in Luc Ngan district, said the district had a bumper lycheecrop with high prices this year. There is now a lack of lychee to sell toChinese traders as it is the end of the season.

Thelychee output this year in the province reached more than 90,000 tonnes withrecord prices of 30,000-50,000 VND (1.29-2.15 USD), even 80,000 VND (3.44 USD)per kilo.

A farmercould earn profits of several hundreds of millions of VND from their lycheegardens. Some households planting lychee with organic methods enjoyed muchhigher profits as people were paying up to 200,000 VND for a box of 10 lycheeswith stamps of traceability.

Tran VanHanh, a famer in Giap Son commune, said it was easy to sell lychee this year.Their organic lychees were offered for sale for the first time with higherprices.

Cao VanHoan, Vice Chairman of the Luc Ngan District People’s Committee, said thelychee quality this year has been the best so far. Therefore, they earned moredespite lower output than last year.

This hasbeen the first year the district applied pilot planting of organic lychee on anarea of 20ha, providing clean and safe products. The application of a modernproduction process helped Luc Ngan lychee increase selling prices three toseven times over those of previous years.

Theprovincial Department of Industry and Trade said around 50,000 tonnes of lycheewere sold to China so far this year.

Luc Nganlychee was exported to 30 countries and territories, mainly to China with 90 percentof the total and some demanding markets such as the European Union (EU), theUS, Russia, Canada and Japan.-VNA
VNA
#Bac Giang #northern province #lychee trader #Luc Ngan district #Chinese traders #lychee output #organic methods #safe products #production process #Vietnam #VietnamPlus #Viet Nam News Bac Giang
Follow VietnamPlus

Related News

Bac Giang to export half of lychee output

Bac Giang to export half of lychee output

The northern province of Bac Giang, a lychee farming hub of Vietnam, plans to export about 50,000 tonnes of “thieu” lychee, or 50 percent of its total output, in 2017, local officials said at a meeting on May 27.
Bac Giang posts best lychee crop in 60 years

Bac Giang posts best lychee crop in 60 years

Increasing exports helped Bac Giang, the country’s lychee farming hub, obtain its most successful lychee crop in 2017, with the highest prices in six decades, heard a conference on August 2 in the northern province.

See more

Wind energy is expected to be a source of clean power. (Photo: VNA)

Germany invests 50 million USD in renewable energy workforce training in Vietnam

The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.

ITM Semiconductor Vietnam Co., Ltd. in VSIP Industrial Park, Tu Son, Bac Ninh has always been given favorable conditions by the locality for production and business. (Photo: VNA)

Bac Ninh exerts efforts to ensure businesses thrive

To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.

Vietnamese Ambassador to Sweden (second, from left) Tran Van Tuan meets with representatives of H&M. (Photo: moit.gov.vn)

H&M, Nordic businesses seek suppliers in Vietnam

The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.

Minister of Industry and Trade Nguyen Hong Dien at the 15th National Assembly’s 9th session on June 17 (Photo: VNA)

Vietnam ramps up efforts against counterfeit goods amidst challenges: Minister

Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.