Vietnam mangosteens and lychees have been licenced to enter the US and Australia. This is a good sign for the fruit and vegetable sector.
Agricare Vietnam Co.Ltd has so far bought 3 tons of this year’s crop of mangoes from farmers in Yen Chau district of the northern province of Son La to export to Australia.
Vietnamese air freight costs are much higher than the regional average and this is believed to be one of the main reasons hindering Vietnam’s fruit exports.
Vietnam spent more than US$167 million on fruit imports in January, a year-on-year increase of 70%, according to the General Department of Vietnam Customs.
Vietnam’s fruit and vegetable export in 2016 hit US$2.4 billion, representing an increase of 30% from 2015 and exceeding the year target of US$2.2 billion set by the Ministry of Industry and Trade.