Boosting agricultural exports to US based on standardised production

Standardisation of production represents the proper way to increase local export turnover of agricultural products to the United States, in which the nation raked in nearly US$3.5 billion in export turnover during the first half of this year, accounting for 27.1% of the market share.

Boosting agricultural exports to US based on standardised production

Boasting a high export turnover, the US has become the largest export market for Vietnamese agro- forestry- fishery products during the opening three months of the year.

According to details given by the Ministry of Agriculture and Rural Development (MARD), throughout the reviewed period, local export turnover of wood products made up 68.2% of the proportion of the country’s agro- forestry- fishery export turnover in this market.

Positive signals can be seen in exporting agricultural products to this "super-fastidious" market which has opened up a wealth of opportunities to bolster exports to the US with a large turnover in the near future. However, according to domestic firms, agricultural products exported to the US still face plenty of difficulties, especially relating to fresh agricultural products.

At present, the US has allowed the import of six types of fresh fruit from the nation, including mango, longan, litchi, dragon fruit, rambutan, and star apples. Other fruits such as coconut and durian are only shipped to the demanding market as frozen products, whilst the export of coconuts since the beginning of the year is not as favourable as before.

According to the Department of Industry and Trade of Ben Tre province, the amount of Siamese coconut exported to the US market accounts for approximately 40%. Despite this, so far this year exports have fallen, meaning the export volume of Siamese coconut, coconut used as drinking water, of local businesses has been reduced by 50% over the same period from last year.

Standardising production to increase export turnover

According to industry experts, the US must import fruit and vegetables, coffee, tea, pepper, rubber, cashew nuts, and seafood in order to meet domestic consumption. Among US imports, wooden furniture and aquatic products achieved a large turnover, although that of rice, coffee, and vegetables remain modest. To bolster exports to this potential market, Vietnamese enterprises must commit to ensuring good quality, uniformity, and stability in each export shipment, thereby making it possible for retailers to place long-term orders.

Offering recommendations to businesses, Jolie Nguyen, a representative of Luong Nguyen Service Company, suggested that firms fully research different markets, position themselves correctly, and properly assess the potential of their products in new markets. In addition, to preserve fruit businesses need to build their own centralised preliminary processing area, whilst fruit products must be refrigerated in time to keep their value and quality throughout the shipping process.

US Ambassador to Vietnam Marc Evans Knapper said that local wooden furniture and seafood products are highly popular and trusted by US consumers. With regard to fruit and other agricultural products, only Vietnamese exporters are capable of exploiting the Asian market, although the percentage of Asians in the US is still not high. Meanwhile, other markets such as Latin America have yet to be fully exploited by Vietnamese enterprises.

Obviously, there remains ample room for local farm exports to the US, with many Vietnamese firms looking to expand their market share to the highly lucrative market. Lam Thanh Kiet, CEO of Trinh Van Phu Co., Ltd., said that the company's nutritious rice products have now entered the Austrian and French markets.

In March and April the enterprise signed a contract with a partner in the Dutch market and is in the process of negotiating with another partner who desires to exclusively bring organic rice to the US market, he continued.

Furthermore, mid-April saw 16 tonnes of agricultural products and foodstuffs, including fish sauce, instant coffee, and high-class beverages shipped to the US market by Pacific Foods Joint Stock Company.

According to details given by the firm, export shipments are produced through the value chain with a strictly controlled process of raw material selection, production and harvesting from input to consumers, thereby meeting the strict standards set out by US importers.

Alongside efforts from businesses, experts underlined the important role of ambassadors and trade counselors based in other countries in providing useful market information regarding needs, tastes, and warnings. This not only helps businesses to avoid risks and losses, but also to find export opportunities from obstacles.

Moreover, it can be viewed as necessary to continue supporting enterprises in exporting agricultural products through e-commerce channels such as launching online markets, as well as engaging in large e-commerce platforms such as Amazon and Alibaba to promote exports, they added.

Source: VNS
english.vov.vn

Related News

Increasing the value of rice grains from the project of 1 million hectares of high quality rice

Increasing the value of rice grains from the project of 1 million hectares of high quality rice

VCN - The implementation of the project of 1 million hectares of high-quality rice will contribute to promoting the transition from traditional farming methods to synchronous mechanization, developing large-scale, stable and long-term concentrated raw material areas, ensuring sustainable and effective farming quality and minimizing environmental pollution. Vietnam is also the first country in the world to build a large-scale project on sustainable rice production and reduced emissions.
Fruits and seafoods of Vietnam have a huge advantage in the UK market

Fruits and seafoods of Vietnam have a huge advantage in the UK market

VCN - Thanks to UKVFTA (Vietnam - UK Free Trade Agreement), Vietnam's seafood become more competitive in the UK market compared to products from China, Thailand, Malaysia, Indonesia, Philippines, and India. Meanwhile, seafood benefits from less complicated import procedural requirements compared to many other countries.
Agricultural, forestry and fishery product exports continue to "scoring points"

Agricultural, forestry and fishery product exports continue to "scoring points"

VCN - In the first four months of 2024, the country's total export turnover of agricultural, forestry and fishery products is estimated to reach more than US$19 billion, an increase of 23.7 percent compared to the same period last year. Most key agricultural and forestry export products increased higher than the same period last year as well as the export value to all markets increased.
Ensuring quality for sustainable growth of durian exports

Ensuring quality for sustainable growth of durian exports

VCN - Quality is a prerequisite to ensure sustainability for durian exports. Accordingly, the Ministry of Agriculture and Rural Development issued many synchronous solutions from technical processes to sanctions to ensure productivity and quality of exported durian fruit, as well as meet the requirements of the importing country.

Latest News

Traceability helps improve product value

Traceability helps improve product value

VCN - Traceability of origin has been and is a mandatory requirement for Vietnamese goods when exporting to several markets. The application of information technology and the use of QR codes is an effective solution in traceability, increasing value and promoting product consumption, especially agricultural products.
Vietnamese pepper prices see strong upward trend

Vietnamese pepper prices see strong upward trend

The Vietnam Pepper and Spice Association has expected pepper prices to continue rising every week.
E-commerce boosts exports of Vietnamese products

E-commerce boosts exports of Vietnamese products

Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.
Hai Phong Port strengthen solutions to improve cargo handling capacity

Hai Phong Port strengthen solutions to improve cargo handling capacity

VCN - The flow of goods passing through Hai Phong port area has tended to improve recently.

More News

Five trends in exporting through e-commerce

Five trends in exporting through e-commerce

VCN - On May 22, 2024, Amazon Global Selling announced the prominent cross-border e-commerce (CBEC) trends shaping Vietnam's online export economy. Concurrently, it launched phase two of the program "CBEC: The breakthrough era" in collaboration with the Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade.
Vietnamese firms urged to watch global trade policies

Vietnamese firms urged to watch global trade policies

Experts say Vietnamese firms should keep an eye on global trade moves by major economies to figure out how best to promote the consumption and export of products made in Việt Nam, in the context of a glut of cheap Chinese goods flooding the world market.
Vietnam’s tra fish export tipped to bounce back

Vietnam’s tra fish export tipped to bounce back

Vietnamese tra fish export has roared back to growth after a significant drop recorded earlier this year as countries have scaled up their imports, according to insiders.
FDI attraction in five months tops 11 billion USD

FDI attraction in five months tops 11 billion USD

More than 11.07 billion USD in foreign direct investment (FDI) was funneled into Vietnam during January-May, up 2% against the same time last year, according to the Ministry of Industry and Trade (MoIT)’s Foreign Investment Agency.
What to do to develop Vietnam

What to do to develop Vietnam's automobile industry when implementing FTAs?

VCN - On May 24, Customs Magazine organized a discussion on the topic "Vietnam's automobile industry implements the Free Trade Agreement: In which direction to develop?"
The processing and manufacturing industry increased by 6.3% in four months

The processing and manufacturing industry increased by 6.3% in four months

VCN - Continuing the recovery momentum from the end of 2023, industrial production in April and the first four months of 2024 continues to show a positive trend. Of which, the processing and manufacturing industry increased by 6.3%.
Capital city to become an agriculture hub

Capital city to become an agriculture hub

The city’s cash crops were said to not require a large cultivating area but a high standard of production and processing, which have been identified as a solid foundation to penetrate foreign markets.
Renewables – key to green development in Mekong Delta

Renewables – key to green development in Mekong Delta

Renewable energy is seen as a sustainable choice for the Mekong Delta region to respond to environmental challenges, given that the country’s rice and fisheries granary has lost up to 300 million USD to prolonged drought and extreme salt intrusion.
Promoting sustainable growth with a creative economy

Promoting sustainable growth with a creative economy

VCN - Although the creative economy is a fairly new concept, in reality in Vietnam, each year the export of creative goods is helping Vietnam earn billions of dollars.
Read More

Your care

Latest Most read
Traceability helps improve product value

Traceability helps improve product value

VCN - According to Dang Phuc Nguyen, General Secretary of Vietnam Fruit and Vegetable Association, currently, linking production with consumption of agricultural products plays a very important role in agricultural development, helping to enhance the bene
Vietnamese pepper prices see strong upward trend

Vietnamese pepper prices see strong upward trend

The Vietnam Pepper and Spice Association has expected pepper prices to continue rising every week.
E-commerce boosts exports of Vietnamese products

E-commerce boosts exports of Vietnamese products

Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.
Increasing the value of rice grains from the project of 1 million hectares of high quality rice

Increasing the value of rice grains from the project of 1 million hectares of high quality rice

VCN - The implementation of the project of 1 million hectares of high-quality rice will contribute to promoting the transition from traditional farming methods to synchronous mechanization, developing large-scale, stable and long-term concentrated raw mat
Hai Phong Port strengthen solutions to improve cargo handling capacity

Hai Phong Port strengthen solutions to improve cargo handling capacity

The flow of goods passing through Hai Phong port area has tended to improve recently.
Mobile Version