Ample room for Vietnamese fruits in Northeast Asian market

Many kinds of Vietnamese fruits are increasingly gaining access to the Northeast Asian market, contributing to fulfilling the 2024 goal of 7 billion USD in export value of fruit and vegetables.
Workers package pomelos for export. (Photo: VNA)

Workers package pomelos for export. (Photo: VNA)

Many kinds of Vietnamese fruits are increasingly gaining access to the Northeast Asian market, contributing to fulfilling the 2024 goal of 7 billion USD in export value of fruit and vegetables.

According to Dang Phuc Nguyen, Secretary General of the Vietnam Fruit and Vegetable Association, as of the end of July, the export of fruit and vegetables had earned 3.8 billion USD, with durian alone accounting for 40% of the total. This success is attributed to the implementation of free trade agreements (FTAs) that have opened market and reduced tariffs for Vietnamese agricultural products.

Notably, in addition to China, markets in the Republic of Korea (RoK) and Japan have seen remarkable growth, making up 80% of the total value of Vietnamese fruit and vegetable exports.

Nguyen said that China, with its large population and high demand for fruits and vegetables, remains a traditional market for many Vietnamese fruits. Meanwhile, Japan and the RoK are also populous countries with high incomes and high demand for quality agricultural products, and members of the Regional Comprehensive Economic Partnership (RCEP). Therefore, Vietnam's exports to the two markets enjoy benefits from reduced tariffs and lower transport and logistics costs thanks to geographic distance, resulting in the quality of farm produce maintained.

According to Luong Ngoc Quang from the Plant Protection Department, under the Ministry of Agriculture and Rural Development, under the RCEP, China has allowed the import of 12 Vietnamese agricultural products, including dragon fruit, longan, lychee, mango, and durian, among others. Japan has permitted dragon fruit, mango, lychee, and longan from Vietnam to its market, while the RoK has recently granted permission for fresh grapefruit from Vietnam.

Quang emphasised that gaining market access for a product will open opportunities to increase export turnover and affirm the position of Vietnamese agricultural products. However, negotiations for market opening are complicated and time-consuming, with some talks taking three to five years or longer.

Once access is granted, compliance with the importing country’s standards is crucial to avoid disruptions. A single violation by a producer or a shipment could affect the entire industry, leading to warnings or suspension of exports.

Nguyen Thanh Hieu, Deputy Director of the Southern Fruit Research Institute, said that Vietnamese fruits are becoming more perse with high quality, gaining popularity in various markets. Following a period of international integration, most exporters have updated their knowledge of market regulations on food safety and plant quarantine.

However, farmers, as the starting point of the agricultural value chain, often lack sources to keep up with regulatory changes. Therefore, it is essential for regulatory bodies, local authorities, and businesses to support farmers in improving their production standards, packaging, and branding, thereby enhancing the reputation of Vietnamese fruits on the global market./.

Source: VNS
en.vietnamplus.vn

Related News

Latest News

Foreign investors flock to invest in southern provinces and cities

Foreign investors flock to invest in southern provinces and cities

Foreign investors have recently rushed to southern Vietnamese provinces and cities to look for investment opportunities and locations.
New step in tracing seafood origin, meeting export requirements

New step in tracing seafood origin, meeting export requirements

VCN - Using the electronic seafood traceability application (eCDT VN) will help seafood exporting enterprises more conveniently apply for export product traceability documents (SC, CC). This will help the Vietnamese seafood industry better adapt to the trend of international integration and the demand for transparency in seafood origin of the export market.
Việt Nam

Việt Nam's pangasius exports expected to reach $2b in 2024

Pangasius export turnover in the first ten months reached $1.56 billion, an increase of 8.9 per cent over the same period in 2023.
VN’s first pharmaceutical industrial park to be built

VN’s first pharmaceutical industrial park to be built

Located in Thái Bình Province, the park is expected to provide jobs for 18,000 people when going into operations.

More News

Accelerating investment to meet "green" standards

Accelerating investment to meet "green" standards

VCN – Many businesses are implementing large-scale investments in technology, energy transitions, and production processes to meet the increasingly stringent "green" criteria set by the EU market.
US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

Hard capsule pharmaceutical shells from Brazil, China and India are also being investigated.
UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

UKVFTA gives advantages to Vietnamese fishery products in the UK, urging focus on quality for further expansion

To better exploit the tariff incentives from the UKVFTA, it is necessary for Vietnamese fishery producers and exporters to focus on improving quality and supply capacity to expand market share in the UK
Agricultural, forestry and fishery trade surplus value shoots up

Agricultural, forestry and fishery trade surplus value shoots up

VCN - According to the Ministry of Agriculture and Rural Development, the total export turnover of agricultural, forestry and fishery products in the first 10 months reached 51.74 billion USD, up 20.2% over the same period in 2023. Notably, the trade surplus value recorded a spectacular increase year on year.
New export and business cooperation opportunities from "dual conversion"

New export and business cooperation opportunities from "dual conversion"

VCN - According to a recent study from NielsenIQ, 16% of Vietnamese consumers consider a sustainable future as one of the important factors in their consumption decisions.
VN

VN's food processing industry struggles to improve quality and value chain integration

Despite accounting for 19.1 per cent of Việt Nam’s processing sector, the food processing industry has been struggling with major issues such as poor-quality raw materials and subpar value chain integration, said industry insiders and economists.
Approach strategy of the seafood industry when implementing UKVFTA

Approach strategy of the seafood industry when implementing UKVFTA

VCN - As one of Vietnam's strong export industries to the UK, especially when the Vietnam - United Kingdom of Great Britain and Northern Ireland Free Trade Agreement (UKVFTA) comes into effect, with a detailed information approach strategy, it has created a great driving force to promote the export of Vietnamese seafood products to this market.
Mid-November: Vietnam

Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth

VCN - By mid-November 2024, Vietnam's total import-export turnover reached an impressive US$681.48 billion, equaling the full-year trade figure for 2023
Vietnamese enterprises facing challenges from cross-border e-commerce platforms

Vietnamese enterprises facing challenges from cross-border e-commerce platforms

VCN – In recent years, with the rapid development of cross-border e-commerce (CBEC) platforms, domestic enterprises in Vietnam have been facing numerous difficulties and challenges.
Read More

Your care

Latest Most read
Foreign investors flock to invest in southern provinces and cities

Foreign investors flock to invest in southern provinces and cities

Foreign investors have recently rushed to southern Vietnamese provinces and cities to look for investment opportunities and locations.
New step in tracing seafood origin, meeting export requirements

New step in tracing seafood origin, meeting export requirements

VCN - Using the electronic seafood traceability application (eCDT VN) will help seafood exporting enterprises more conveniently apply for export product traceability documents (SC, CC). This will help the Vietnamese seafood industry better adapt to the tr
Việt Nam

Việt Nam's pangasius exports expected to reach $2b in 2024

Pangasius export turnover in the first ten months reached $1.56 billion, an increase of 8.9 per cent over the same period in 2023.
VN’s first pharmaceutical industrial park to be built

VN’s first pharmaceutical industrial park to be built

Located in Thái Bình Province, the park is expected to provide jobs for 18,000 people when going into operations.
Accelerating investment to meet "green" standards

Accelerating investment to meet "green" standards

VCN - Founded in 1998, Ton Dong A Corporation specializes in manufacturing steel and coated steel products catering to various demands, from industrial and residential construction to transportation infrastructure and home appliances.
Mobile Version