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.
Processing fresh coconuts for export at Mekong Fruit Co., Ltd in Chau Thanh district, Ben Tre province. (Photo: VNA)

Processing fresh coconuts for export at Mekong Fruit Co., Ltd in Chau Thanh district, Ben Tre province. (Photo: VNA)

Vietnam holds the 6th position in the global coconut market in terms of cultivation area and output. With roughly 200,000ha of plantations, the country produces 2 million tonnes of the nuts annually.

This production capacity has enabled Vietnam to export coconuts to 15 foreign markets, with 30,000 tonnes.

To maximise the strength of coconuts as a naturally clean fruit with a long shelf life, the Ministry of Agriculture and Rural Development (MARD) has negotiated a protocol with China for fresh coconut exports since 2016, according to Deputy Director of the Plant Protection Department Nguyen Quang Hieu.

Vietnamese coconuts have been exported to Western markets since 2017, with Vina T&T pioneering the entry into the US market, previously dominated by Thai ones.

General Director Vina T&T Nguyen Dinh Tung said Vietnamese coconuts, known for sweetness, caught the attention of the US market, favoured by consumers in Europe, Canada, and the Republic of Korea (RoK), and most recently China which has granted an export code for the product.

Vina T&T has signed contracts with two Chinese companies to ship the first batches to this market.

With a population of over 1.4 billion and domestic supply meeting only about 10% of the demand, China represents a great potential market.

Deputy Minister of Agriculture and Rural Development Hoang Trung said China consumes over 4 billion coconuts annually, of which approximately 2.6 billion are fresh ones.

China’s high demand but limited production capacity presents an opportunity for the Vietnamese product.

Statistics from the MARD show that the fresh coconut ranks sixth in export value among fruit items, following durian, dragon fruit, banana, mango, and jackfruit. The fruit’s export earnings in the first 10 months of 2024 is projected to reach over 120 million USD.

With a sharp rise of fresh coconut exports, the fruit sector has more opportunities to create breakthroughs in exports, potentially reaching the milestone of 10 billion USD set by the MARD./.

Source: VNA
en.vietnamplus.vn

Related News

Latest News

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

VCN - According to the General Department of Customs, Vietnam-China trade is expected to reach a new record of approximately US$200 billion in 2024. This milestone marks a record in bilateral trade that Vietnam has achieved with a partner.
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
Vietnam-US trade thrives on effective mechanisms: trade counsellor

Vietnam-US trade thrives on effective mechanisms: trade counsellor

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.
Opening of overseas markets boosts coconut exports

Opening of overseas markets boosts coconut exports

Signed trade agreements are creating favourable conditions for coconut to truly become a key industrial crop. However, this is also a challenge that requires a sustainable development strategy so that coconut products can meet the increasing standard requirements of export markets.

More News

Increasing consumption demand, steel enterprises face many opportunities

Increasing consumption demand, steel enterprises face many opportunities

VCN - Vietnam's steel industry is benefiting from increasing domestic and export demand for steel. However, entering 2025, the industry still faces many challenges.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
UK’s carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK’s carbon border adjustment mechanism will take effect in 2027.
Removing obstacles in granting certificates of exploited aquatic products

Removing obstacles in granting certificates of exploited aquatic products

VCN - Prime Minister Pham Minh Chinh requested to review all regulations related to the organization and issuance of certificates of origin of exploited aquatic products (SC) at fishing ports, issuance of certificates of origin of exploited aquatic products (CC), and amend inappropriate regulations that cause difficulties and hinder production and business activities in the field of exploitation, processing and export of seafood.
Promoting agricultural exports to the Japanese market

Promoting agricultural exports to the Japanese market

VCN - Japan's high-quality standards have become a driving force for continuous improvement in Vietnamese agricultural products to meet global consumer expectations and build a strong brand for Vietnamese agricultural products on the world map.
Agricultural exports in 2024 to exceed 60 billion USD?

Agricultural exports in 2024 to exceed 60 billion USD?

VCN - The agricultural sector has basically achieved and exceeded the set targets when the export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, up 19% over the same period in 2023, the trade surplus reached nearly 16.5 billion USD, up 52.8%. This year's agricultural exports are expected to exceed 60 billion USD if the export value in December reaches over 5 billion USD.
Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics. But overcoming all, the industry continues to survive and has confidence in the future.
Read More

Your care

Latest Most read
Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

Hong Kong: A gateway for Vietnamese businesses to access the Greater Bay Area market

According to the General Department of Customs, Vietnam-China trade is expected to reach a new record of approximately US$200 billion in 2024.
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
Vietnam-US trade thrives on effective mechanisms: trade counsellor

Vietnam-US trade thrives on effective mechanisms: trade counsellor

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.
Opening of overseas markets boosts coconut exports

Opening of overseas markets boosts coconut exports

Signed trade agreements are creating favourable conditions for coconut to truly become a key industrial crop. However, this is also a challenge that requires a sustainable development strategy so that coconut products can meet the increasing standard requirements of export markets.
Increasing consumption demand, steel enterprises face many opportunities

Increasing consumption demand, steel enterprises face many opportunities

VCN - Vietnam's steel industry is benefiting from increasing domestic and export demand for steel. However, entering 2025, the industry still faces many challenges.
Mobile Version