New record set in fruit, vegetable exports

Vegetable exports hit 4.92 billion USD in the first 10 months of 2023. Illustrative image (Source: VNA)

Hanoi (VNA) – Vietnam’s export revenue ofvegetables and rice in the first 10 months of this year surpassed the figure reportedin the whole 2022 by 2 billion USD, reaching a record amount of 8.9 billionUSD.

In the January-October period, vegetable exports hit 4.92billion USD, up 79% year on year, while that of rice reached 4 billion USD, arise of 35%.

The result considerably contributed to the export revenue of40 billion USD of the agricultural sector and 291 billion USD of the whole economyin the first 10 months of 2023.

Affected by the Chinese market, Vietnam suffereda drop of 5.1% in vegetable exports in 2022. However, since the beginning ofthis year, Vietnam has received a large number of orders, especially forhigh-value products of durians, mangos, and jackfruits.

According to the Vietnam Fruit and Vegetable Association(Vinafruit), the re-opening of the Chinese market as well as protocols signedwith the largest market of Vietnamese fruits and vegetables were amongmotivations for growth of fruit and vegetable exports.

Meanwhile, rice sector also reaped good results in exportsin the period thanks to increase in prices.

Loading rice for export at Saigon Port (Photo: VNA)

According to Nguyen Van Don, Director of the Viet Hung JSC inthe Mekong Delta province of Tien Giang, India’s ban and restriction of riceexporting has created a chance for other exporters like Vietnam, the third largestrice supplier in the world.

With an expected output of over 43 million tonnes this year,the Ministry of Agriculture and Rural Development estimates that after ensuringsupply for domestic demand, Vietnam can ship abroad 7.5-8 million tonnes ofrice in 2023. The ministry held that in the last two months of this year,Vietnam is likely to earn additional 850-900 million USD from rice exports,raising the total figure for this year to 4.7-4.8 billion USD.

Experts held that in the rest of the year when the festiveseason comes, demands for fruits and vegetables will continue to surge, especiallyin the Chinese market.

Vinafruit General Secretary Dang Phuc Nguyen said that inthe last two months of 2023, Vietnam can earn about 1.2 billion USD, or atleast 600 million USD each month from fruit and vegetable exports. In a higher scenario,the figure may reach 1.5 billion USD thanks to increase in orders from theChinese market, especially for Vietnam’s strong products such as dragon fruits,bananas, jackfruits, passion fruits and durians, he predicted./.

VNA