The volume of fruits and vegetables imported from Thailand is expected to surge this year as import tariffs imposed on these products are reduced to 0%, heating up pressure on their Vietnamese peers.
Fruit and vegetables have surpassed traditional farm produce such as rice, rubber, tea, and cashew nuts to become a major foreign currency earner in the agricultural sector.
Nafoods Tay Bac JSC broke ground on a fruit and vegetable processing plant in Moc Chau district, northern Son La province on December 19.
The country’s export turnover on these farm produce has already exceeded rice and crude oil
Vietnam earned US$3.11 billion from exports of agro-forestry-aquatic products in July alone, bringing the total export value to US$20.45 billion so far this year.
PSNews - According to the Ministry of Industry and Trade, vegetables and fruit are expected to become one of the country's key export items.
Vegetables and fruits, which brought modest export turnover in the past, have become the new driving force for the country's agriculture as other exports have reached the critical point.
Vietnam niche fruit growers and processors are looking forward to realizing a 30-50% increase in passion fruit exports as they eagerly await the start of harvest season in November.
The domestic vegetable and fruit industry will face obstacles in maintaining sustainable growth in export value at the current high level, according to the Vietnam Vegetable and Fruit Association.
Already a major coffee and rice exporter, Vietnam is now turning its attention to fruit and vegetables.