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Vietnam may earn 4.7 billion USD from fruit, veggie exports in 2018

Fruits and vegetables may earn the country 4.7 billion USD this year, according to the Ministry of Agriculture and Rural Development.
Vietnam may earn 4.7 billion USD from fruit, veggie exports in 2018 ảnh 1Dragon fruits packaged for exports (Photo: VNA)

Hanoi (VNA) – Fruits and vegetables may earn the country 4.7billion USD this year, according to the Ministry of Agriculture and RuralDevelopment.

The Ministry said it will continue encouraging farmers across thecountry to replace rice in areas producing low output with other crops ofhigher economic value such as fruit trees, vegetables or flowers. 

The Ministry will also push for the use of high-quality seeds and seedlingsalong with advanced farming technology in agriculture to improve the value andcompetitiveness of domestic farm produce.

Vietnam earned over 2 billion USD from exporting fruits and vegetablesin the first half of 2018, a year-on-year rise of 19.7 percent.

During the period, Vietnamesefruit and vegetable exports to the largest markets registered high growth, withChina ranking first as the country imported 1.2 billion USD worth of products,an annual increase of 18.1 percent.

The US came second with 50.9million USD, up 14.6 percent. It was followed by Japan with 46.7 million USD,up 8 percent; the Republic of Korea with 46.5 million USD, up 15.4 percent; andThailand with 26.1 million USD; up 26.3 percent.

At present, China remainsVietnam's top export market, accounting for 74.6 percent of the latter's fruitand vegetable export turnover in the first five months.

The result is attributed to thesimilarity in demand, habits and consumer taste and close geographical distancebetween Vietnam and China. However, requirements for product quality of theChinese market are increasing as the common trend of the world.

 Last year, Vietnam’s fruit andvegetable export value exceeded 3.5 billion USD. The sector is striving toreach a year-on-year growth of 10-15 percent this year, or around 4 billionUSD.-VNA
VNA

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