Coconut export forecast to hit 1 billion USD this year

The Vietnam Coconut Association has forecast that coconut exports will hit 1 billion USD this year, driven by the signing of a protocol for official export of fresh coconuts to China.

Coconuts processed for export in Ben Tre province. Fresh coconut exports are forecast to reach 1 billion USD this year. (Photo: VNA)
Coconuts processed for export in Ben Tre province. Fresh coconut exports are forecast to reach 1 billion USD this year. (Photo: VNA)

Hanoi (VNS/VNA) - The Vietnam Coconut Association has forecast that coconut exports will hit 1 billion USD this year, driven by the signing of a protocol for official export of fresh coconuts to China.

Earlier this month, Vietnam and China signed three protocols on the official export of frozen durian, fresh coconuts and crocodile to China, which are expected to significantly boost exports of these farm products.

China’s opening the door for fresh coconut will bring significant opportunities for Vietnam’s coconut growers. With a population of 1.4 billion, China is a huge consumption market, while its domestic coconut supply only meets around 10% of the demand.

Nguyen Huu Tai, a farmer with one hectare of coconut trees in Ben Tre province, said that this is good news for coconut growers, as opening up the Chinese market will develop a stable consumption market for coconuts and avoid falling prices.

The Vietnam Fruit and Vegetable Association expects the export of fresh coconut to increase by around 200-300 million USD by the end of the year and continue to grow significantly in the near future.

Vietnam is currently the seventh largest coconut producer in the world, with a total growing area of 188,00ha and an output of around two million tonnes per year, mainly in the Mekong Delta region.

Prepare for the long run

While the news is cheering coconut growers, preparations in terms of quality standardisation are needed for sustainable export to China.

Nguyen Quoc Manh, Deputy Director of the Department of Crop Production under the Ministry of Agriculture and Rural Development, said that the linkage in coconut production remains weak due to scattered plantings.

Scattered plantations make it difficult to standardise and ensure quality, Manh said, adding that it will take time for the industry to do so.

More investments are also needed in developing the infrastructure for harvesting, collecting, processing and preserving coconuts.

“It is pressing to develop coconut growing areas which meet quality requirements for exports to stringent markets such as the US and China,” Manh said.

Developing growing areas which meet stringent quality requirements could also help the coconut industry to expand to more markets, Tran Van Duc, Chairman of the Ben Tre Coconut Investment Company said.

Deputy Minister of Agriculture and Rural Development Hoang Trung said greater attention must be paid to the management of growing areas and packaging facilities granted with codes for export to ensure compliance with the requirements of the import markets.

The ministry will continue to work with the Chinese side to facilitate the implementation of the protocol as well as provide supports to Vietnamese farmers to take advantage from this opportunity for coconut export expansion.

Fresh coconut exports reached around 800 million USD in 2022-23, mainly to China, Thailand, the US and the EU./.

VNA

See more

Farmers in the Mekong Delta province of An Giang harvest rice grown under the project 'Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Associated with Green Growth in the Mekong Delta by 2030.' (Photo: VNA)

Promoting high-quality rice exports amid mounting challenges

According to the Ministry of Agriculture and Environment (MAE), an estimated 600,000 tonnes of rice worth 370 million USD was exported in January, up 12.4% in volume and 16.9% in value year-on-year. The average export price reached 616.6 USD per tonne, up 4%.

Fuel supply in Hanoi remains stable. (Photo: VNA)

Fuel prices rise sharply from 3 pm on March 7

Since the beginning of this year, domestic fuel prices have undergone 11 adjustments. During this period, both RON95 and E5 RON92 experienced four decreases and seven increases, while diesel oil two falls and nine hikes.

Customers buy and sell fuel at a Petrolimex petrol station. (Photo: VNA)

Capital’s fuel market remains stable after March 5 price adjustment

Operations at several petrol stations across Hanoi have run normally. Along major routes, petrol stations remained open and continued to serve customers as usual. The number of vehicles refueling showed no major changes compared to the days before the price adjustment. Sales activities continued without interruption, and there were no long queues or supply disruptions.

Thang Long II Industrial Park in Hung Yen province. (Photo: VNA)

Green industrial parks draw FDI to northern Vietnam

From 2026, the industrial real estate market in the northern region is forecast to enter a new growth phase as strategic infrastructure projects near completion, supply expands, and green industrial parks become a decisive factor for foreign direct investment (FDI).

Border guards from Thanh Hai Border Guard Station patrol fishing vessels entering Phu Hai port in Phu Thuy ward, Lam Dong province. (Photo: VNA)

Lam Dong orders swift action to address IUU fishing gaps

Vice Chairman of the provincial People’s Committee Le Trong Yen has directed heads of relevant departments, sectors and localities to strictly implement directives and newly issued regulations on IUU prevention, while strengthening public awareness efforts so fishermen and businesses better understand and comply with the rules.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting to review the development strategy and operational framework for the international financial centre. (Photo: VNA)

Deputy PM urges early establishment of trading platforms at Int’l Financial Centre

Chairing a meeting in Hanoi on March 6 to review the development strategy and operational framework for the international financial centre, Binh acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely focused on building the organisational structure and legal framework.

Regza Vietnam Electronics Co., Ltd. (fully invested by Taiwan, China) installs four modern production lines in 2024. (Photo: VNA)

FDI disbursement in Jan–Feb reaches five-year high

The NSO noted that the Republic of Korea (RoK) and Singapore were the largest investors during the period, each registering over 1 billion USD in newly committed capital, accounting for a significant share of total foreign investment inflows into Vietnam.

Rising geopolitical tensions in the Middle East on Vietnam’s economy under the baseline scenario is expected to remain limited. (Photo: VNA)

Middle East tensions likely to have moderate impact on Vietnam’s economy: VinaCapital

According to Michael Kokalari, Director of Macroeconomic Analysis and Market Research at VinaCapital, the conflict is unlikely to significantly affect Vietnam. Exports to the Middle East account for less than 3% of Vietnam’s total export turnover, while the likelihood of a large-scale and prolonged ground campaign in Iran is considered relatively low.

VinFast has signed a strategic partnership with six electric motorbike dealers in Indonesia, marking a new step in expanding its distribution network in one of the region’s and the world’s largest motorcycle markets. (Photo: VNA)

VinFast partners with six e-scooter dealers in Indonesia

In preparation for the launch of its electric scooters in Q2/2026, VinFast has signed additional MoUs with six dealers, including PT. IB Motor, PT. Sentrik, PT. Axara Marani, PT. Sukses Sejati Indonesia, PT. Tangguh Inti Motor, and PT. Kiki Motor Persada. These partners are distributors with strong experience in key markets and share a common direction toward green mobility solutions.

Fishermen at Dong Tac fishing port in Phu Yen ward, Dak Lak province prepare to head back to sea after the storm (Photo: VNA)

Dak Lak reviews fishing vessel fleet, steps up fight against IUU fishing

Local authorities are focusing on managing registered fishing vessels and reviewing all records and data related to fishing, purchasing and processing seafood. Violations related to IUU fishing are being strictly handled under the principle of “facing the problem, not avoiding it”.

UK Ambassador to Vietnam Iain Frew addresses the event (Photo: nhandan.vn)

Vietnam, UK step up cooperation in derivatives commodity market development

The British Embassy in Vietnam and the British Consulate-General in Vietnam, in coordination with Boston Consulting Group (BCG), held a capacity-building session under the UK–Vietnam Growth Gateway initiative in Hanoi on March 5 to discuss strategies for developing a transparent and globally connected commodity and derivatives market.