The Vietnam Vegetable and Fruit Association (VINAFRUIT) estimated that Vietnam’s fruit and vegetable exports will top 5.5 - 5.6 billion USD, which is a new record, in 2023.
Harvesting durians in the Central Highlands province of Dak Lak. (Photo: VNA)
Hanoi (VNA)🐲 – The Vietnam Vegetable and Fruit Association(VINAFRUIT) estimated that Vietnam’s fruit and vegetable exports will top 5.5 - 5.6 billion USD, which is a new record, in 2023.
In November, exports reached nearly 375.48million USD, marking a reduction of 38.4% compared to the previous month but anincrease of 22.5% compared to the same period last year. In the first 11 months of this year, Vietnamposted 5.2 billion USD in fruit and vegetable exports, surging 70% year onyear. China remains the biggest importer ofVietnam's fruits and vegetables, buying 66% of the totalexported fruits and vegetables of Vietnam. Other major importers were the US,the Republic of Korea (RoK), and Japan. Meanwhile, in November, Vietnam spent nearly153.7 million USD to import fruits and vegetables, which marked amonth-over-month decrease of 5.6% and a year-over-year decrease of 0.7%.
In the first 11 months of this year, Vietnam’simports reached 1.77 billion USD, dropping 5.8% year on year.
VINAFRUIT General Secretary Dang Phuc Nguyensaid that in the last two months, fruit and vegetable exports tended todecrease because Vietnam's durian season had ended. The association forecasts that durian export value in 2023 canreach 2.3 billion USD.
꧂ Meanwhile, dragon fruit exports are expectedto grow well from now until the Lunar New Year celebration when demand for thefruit in the Chinese market will increase. Moreover, as China's domestic dragonfruit production will also decrease due to reduced output in winter, China'sdemand for imported dragon fruit will increase.
However, after a period of suffering losses, dragon fruit farmers had switched to growing other crops, resulting inreduced output this year, Nguyen said. Deputy Minister of Agriculture and RuralDevelopment Phung Duc Tien said that Vietnam and China will soon sign protocolson exports of coconut products, frozen fruit, and watermelons, which areexpected to help further boost the export of agricultural products this year. Tien asked businesses, localities, andindustry associations to pay special attention to issues of the quality of growing areas, traceability, planting area codes, and packaging facilities toensure that Vietnam strictly complies with signed protocols./.
Vietnam’s exports have gained tens of billions of USD each year from free trade agreements (FTAs) that Vietnam is a signatory, the Ministry of Industry and Trade (MoIT) revealed.
Vietnam earned 3.45 billion USD from exporting vegetables and fruits in the first eight months of 2023, up 57.5% year-on-year, according to the Ministry of Agriculture and Rural Development.
A seminar themed “Technology application and innovation for export competitiveness enhancement in the agricultural sector of Vietnam” was held by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on September 27.
Quality and brand are recognised as decisive factors for Vietnam’s fruits and vegetables to tap the opportunities from the UK – Vietnam Free Trade Agreement (UKVFTA) and expand export to this highly demanding market, said Dang Phuc Nguyen, General Secretary of Vietnam Vegetable and Fruit Association (Vinafruit).
Vietnam’s export revenue of vegetables and rice in the first 10 months of this year surpassed the figure reported in the whole 2022 by 2 billion USD, reaching a record amount of 8.9 billion USD.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.