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

Quang Ninh Customs seeks solutions to promote import and export

Quang Ninh Customs seeks solutions to promote import and export

VCN - Quang Ninh Customs Department has made efforts to synchronously deploy solutions to accompany, support and resolve difficulties for businesses, contributing to improving import and export activities through the area.
Vietnam and UAE trade sees billion-dollar growth

Vietnam and UAE trade sees billion-dollar growth

VCN - According to General Department of Vietnam Customs by the end of September 2024, bilateral trade between Vietnam and the United Arab Emirates (UAE) reached nearly US$5 billion, an increase of more than US$1.4 billion over the same period last year.
Opportunities for accelerating Vietnam

Opportunities for accelerating Vietnam's seafood exports

VCN - Seafood is one of the key industries contributing significantly to Vietnam's export turnover. In the first nine months of the year, seafood exports brought in US$7.16 billion, an 8.5% increase compared to the same period in 2023. Among the factors driving this success, aside from favorable market conditions, the effective utilization of Free Trade Agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has played a crucial role. However, along with achievements, the industry also faces challenges, including market competition and trade defense lawsuits. Nguyen Hoai Nam, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP), shared insights on these issues.

Latest News

Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - Although the import and export turnover of goods slowed down in September 2024, in general, import and export activities, especially exports, still grew positively in the first 9 months of 2024. It is expected that import and export of goods in 2024 will reach a record of 800 billion USD.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

VCN - According to the Ministry of Agriculture and Rural Development, Vietnam's capacity to export over 50 billion USD worth of agricultural products annually, coupled with established supply chains, provides a significant advantage for Vietnamese agricultural and aquatic products to penetrate the Halal market.

More News

Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Sharing responsibility for ensuring security and safety of the supply chain

Sharing responsibility for ensuring security and safety of the supply chain

VCN – Post - clearance audit is carried out in a planned, focused and key manner, avoiding widespread and ineffective inspections, thereby creating convenience for the business community and improving the effectiveness of state management of customs.
Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".
Lao Cai Customs sees a triple-digit surge in export-import turnover

Lao Cai Customs sees a triple-digit surge in export-import turnover

VCN - Updated from the beginning of the year to October 24, total import and export turnover through Lao Cai Customs Department increased by 102%.
Read More

Your care

Latest Most read
Import and export are expected to reach 800 billion USD

Import and export are expected to reach 800 billion USD

VCN - At the regular Government meeting in September 2024, Minister of Industry and Trade Nguyen Hong Dien assessed: import and export continued to be a bright spot, recording a positive recovery compared to the same period last year.
Fresh coconuts quenching new overseas markets

Fresh coconuts quenching new overseas markets

Vietnam’s fresh coconuts are being increasingly consumed in international markets such as the US, China, and the UK, highlighting a bright spot in Vietnam's fruit export sector with many opportunities for breakthroughs in the near future.
Rice exports likely to set new record in 2024

Rice exports likely to set new record in 2024

Vietnam sold 800,000 tonnes of rice overseas for 505 million USD in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.
Vietnamese goods conquer halal market through trust and quality

Vietnamese goods conquer halal market through trust and quality

According to the Ministry of Agriculture and Rural Development, Vietnamese agricultural and aquatic products could penetrate the Halal market.
Exporters urged to have strategies to take advantage of UKVFTA for expansion

Exporters urged to have strategies to take advantage of UKVFTA for expansion

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.
Mobile Version