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VN expects to earn US$1bil from veg, fruit by 2015
Vietnam
Thursday 17 April 2008
Deputy Minister of Trade and Industry Tran Duc Minh has said Vietnam expects to earn US$700mil from vegetable, flower and fruit exports by 2010.
By 2015, earnings are estimated at US$1bil, reaching a growth rate of 15-29% annually from 2016.
At present, the country earns around US$300mil annually from these exports.
According to the Ministry of Agriculture and Rural Development (MARD), Vietnam earned US$76mil from vegetable and fruit exports in the first quarter of this year, a 28% increase compared with the same period last year.
Vietnam's consumption of these products has remained stable, and Japan, mainland China, Taiwan, Russia and the US are the fifth largest markets for export. Among them, mainland China is a crucial market, buying 60% of all exported vegetables and fruit from Vietnam.
Emerging export markets include Thailand, Hong Kong and Singapore as well as European Union countries.
However, the fruit and vegetable sector still faces certain limitations.
Produce volume tends to be inconsistent.
Moreover, farmers' production scales are small to begin with. Each household has between 200 and 300sq.m of vegetables and 1.000sq.m of fruit.
The small scale makes advanced technology which could help stabilise supply and protection financially problematic.
Storage facilities are also in poor condition, which makes transport and shipping delays even more difficult for farmers already struggling with crop production.
By 2015, earnings are estimated at US$1bil, reaching a growth rate of 15-29% annually from 2016.
At present, the country earns around US$300mil annually from these exports.
According to the Ministry of Agriculture and Rural Development (MARD), Vietnam earned US$76mil from vegetable and fruit exports in the first quarter of this year, a 28% increase compared with the same period last year.
Vietnam's consumption of these products has remained stable, and Japan, mainland China, Taiwan, Russia and the US are the fifth largest markets for export. Among them, mainland China is a crucial market, buying 60% of all exported vegetables and fruit from Vietnam.
Emerging export markets include Thailand, Hong Kong and Singapore as well as European Union countries.
However, the fruit and vegetable sector still faces certain limitations.
Produce volume tends to be inconsistent.
Moreover, farmers' production scales are small to begin with. Each household has between 200 and 300sq.m of vegetables and 1.000sq.m of fruit.
The small scale makes advanced technology which could help stabilise supply and protection financially problematic.
Storage facilities are also in poor condition, which makes transport and shipping delays even more difficult for farmers already struggling with crop production.
