Vietnamese fruit & vegetable exports set to double by 2010
Vietnam
Tuesday 25 August 2009
With favorable climatic conditions, intensive trade promotions and government support, Vietnam’s fruit and vegetables annual exports are set to grow to US$ 760 Million by 2010.
Vietnam provides favorable climatic and environmental conditions for growth of fruit and vegetables. In 2008, the country exported fruit and vegetables worth around US$ 390 Million, up over 30% against 2007.
The nation’s fruit and vegetables are now being exported to around 50 countries and territories worldwide. China remains Vietnam’s major import market accounting for 60% of the total fruit and vegetables exports from the country. Some EU countries have also begun to import fruit and vegetables from Vietnam instead of China and Thailand, says the new report, “Processed Food Market in Vietnam”.
Vietnam seems to be fully committed to stimulate its fruit and vegetables exports. Despite the current global economic downturn, the country is fostering market research, stepping up trade promotion and reviewing current agricultural planning. The agricultural sector expects to double fruit and vegetables exports from a total of US$ 390 Million in 2008 to US$ 760 Million by 2010, with a long-term goal to reach an annual turnover of US$ 1.2 Billion by 2020.
To achieve this, the country is promoting cooperation and coordination among states, enterprises, scientists and farmers so that they can produce bigger volumes of fruit and vegetables with higher quality at lower costs to meet big orders from markets such as China, the United States, Japan and Australia. It is also encouraging farmers to apply an orchard-growing model in accordance with the international standard of Good Agriculture Practice.
The nation’s fruit and vegetables crops are expected to increase to around 1 Million hectares by 2010, with an annual output of around 10 Million tons.