Business

Exports of fruits, vegetables expected to grow by 15-20% in 2024

Vietnam’s fruit and vegetable exports are expected to reach a new record of 6.5-7 billion USD this year, up 15-20% from 2023, propelled by robust market signs, according to the Ministry of Agriculture and Rural Development.
Exports of fruits, vegetables expected to grow by 15-20% in 2024 ảnh 1Vietnam’s fruit and vegetable exports are expected to reach a new record of 6.5-7 billion USD this year. (Photo: VNA)

Hanoi (VNA) – Vietnam’s fruit and vegetable exports areexpected to reach a new record of 6.5-7 billion USD this year, up 15-20% from2023, propelled by robust market signs, according to the Ministry ofAgriculture and Rural Development.

Earlier, the agricultural sector eyed 4.5 billion USD and 5.69 billion USD inexport turnover in 2024 and 2025, respectively. However, 2023 was a successfulyear of the fruit and vegetable sector as export revenue reached a record highof 5.69 billion USD, a year-on-year hike of nearly 70%.

General Secretary of the Vietnam Vegetable and Fruit Association (VINAFRUIT) DangPhuc Nguyen attributed the success to better product quality, meeting thestrict requirements of various markets, and diversity of fruit exports.

He stressed that durian exports brought home some 2.4 billion USD in 2023,as compared to more than 200 million USD in 2021 and the previous years.

Other staples, including grapefruits, bananas, coconuts, longans, dragon fruitsand lychees, have affirmed its prestige and position in choosy markets such asthe US, New Zealand, Japan and China, paving the way to break in otherdeveloped countries in the coming time, according to VINAFRUIT.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that theremany opportunities for the sector to bolster fruit and vegetable exports in2024.

Vietnam and China recently signed a protocol for official exports of moreVietnamese fruits, including watermelons, coconuts, pharmaceutical products,and frozen fruits, to the 1.4-billion-consumer market, he elaborated.

Besides, the US, Japan and the EU are opening wider doors for Vietnamese fruitsdue to their outstanding quality, he said.

However, the ministry also pointed out several challenges that the sector needsto overcome, including compliance to regulations on quality and origin traceabilityof the export markets.

There is ample room forVietnam to bolster fruit and vegetable shipments as export turnover onlyaccounts for 2-3% of the world’s total. Inthe coming time, the ministry will continue accompanying enterprises to step upmarketing activities, develop Vietnamese fruit brands, and update market informationso as to outline rational production plans./.

VNA
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