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Vietnam’s fruit and vegetable exports skyrocket in first four months of 2021

Malie Nguyen Malie Nguyen

Dieuhuong270198@gmail.com

May 12, 2021 | 08:30

Vietnam raked in a sum of $1.35 billion from exporting fruit and vegetables during the past four months of the year, thereby representing an increase of 9.5% compared to the same period from last year, according to details given by the Agro Processing and Market Development Authority.

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April alone saw the country earn $380 million from fruit and vegetable exports to raise the total export value throughout the reviewed period to $1.35 billion.

China remained as the leading importer of Vietnamese fruit and vegetables during the first quarter of the year, making up 64.7% of the overall market share as exports to the northern neighbour reached $610.8 million, an increase of 16.2% compared to the same period from last year.

Furthermore, strong export growth was also recorded in the Ukrainian market, representing a 6.97-fold increase, while exports to Saudi Arabia endured the largest drop in terms of value with a fall of 62.0%.

Furthermore, all types of Vietnamese fruit and vegetables during the first quarter experienced an upward trajectory as exports of dragon fruit, mangoes, bananas, coconuts, jackfruit, lemons, and watermelons enjoyed respective increases of 3.2%, 30.6%, 35.2%, 13.0%, 63.8%, 0.8%, and 28.1%, VOV reported.

Vietnam’s fruit and vegetable exports skyrocket in first four months of 2021
Vietnam’s fruit and vegetable exports skyrocket in the first four months of 2021. Photo: VOV

Moreover, the import value of fruit and vegetables in April reached $100 million to bring the total import value during the four-month period to $451.1 million, a rise of 19.4% against the corresponding period from last year.

Throughout the first quarter, China, the United States, and Myanmar represented the three largest suppliers of fruit and vegetables to the nation, with the import value from China, the US, and Myanmar rising by 59.6%, 5.9%, and 35.1%, respectively.

Despite there being some positive signs in terms of Vietnamese fruit and vegetable exports to Taiwan (China) in the reviewed period, the export proportion ultimately remained low.

Experts from the Agro Processing and Market Development Authority (Agrotrade) forecast that the nation’s fruit and vegetable exports to the Taiwanese market will continue to grow moving forward due to seasonal factors.

Indeed, the domestic fruit and vegetable industry must pay close attention to the export of fruits and seeds to this market if they are to enjoy competitive advantages and increase the export value for these products, according to Agrotrade.

Vietnam targets $10 billion from fruit, vegetable exports by 2030

Vietnam expects to gain $8-10 billion from shipping fruits and vegetables abroad, with revenue of processed products accounting for at least 30% of the total by 2030.

Under a project to develop the fruit and vegetable process sector during 2021-2030 recently approved by the Prime Minister, Vietnam targets to attract investment in 50-60 fruit and vegetable processing establishments, and build several modern groups and enterprises who have good competitive capacity.

Vietnam’s fruit and vegetable exports skyrocket in first four months of 2021
Vietnam targets $10 billion from fruit, vegetable exports by 2030. Photo: VOV

With a view to achieving the goals, Vietnam will invest heavily to improve processing ability, give priority to processing key fruits and vegetables which have high values, set up material zones, and develop markets for the products, according to the Vietnam News Agency.

The project laid stress on the necessity to build processing and packaging facilities and storage warehouses and install suitable equipment to reduce post-harvest losses.

Besides, it is crucial to attract investment to ensure that all of the production facilities will be well equipped with necessary machines by 2030.

Along with encouraging businesses to invest in food irradiation centres at large-scale fruit and vegetable farming areas so that their products meet international standards, the country will promote intensive processing and diversify processed products.

Additionally, the country will establish specialised fruit and vegetable cultivating areas which are able to provide some 5-6 million tonnes of high-quality products for processing by 2030.

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Malie Nguyen