Vietnam targets USD 5 billion in vegetable and fruit export value by 2020

Vietnam aims to gain USD 5 billion from farm produce exports by 2020

With 1.8 million hectares of fruit and vegetable plantation and many various zones applying advanced technologies into production, Vietnam aims to gain USD 5 billion from farm produce exports by 2020.

Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association said that the target is achievable since Vietnamese fruit have won the taste of both domestic customers and those in 60 countries and territories. Dozens of Vietnamese fruits have met strict standards to enter fastidious markets. Recently, mango earned permission to enter the US market in February after ten years of negotiation, following dragon fruit, longan, rambutan, litchi and star apple.

According to the Ministry of Agriculture and Rural Development’s Plant Protection Department, quarantine checks are conducted meticulously before shipping fruits to such strict markets as the US, Japan and Russia.

In addition, after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect early this year and the EU-Vietnam Free Trade Agreement (EVFTA) is expected to come into force soon, Vietnamese vegetable and fruit exporters have great opportunities to expand their markets.

Mr. Do Quoc Hung, Deputy Head of the Asia-Africa Market Department under the Ministry of Industry and Trade stated that Vietnamese fruit and vegetables have received good feedback from customers in Japan and the Republic of Korea (RoK), and this is a good signal for Vietnam. The RoK has imported USD 8.5 billion worth of vegetables and fruit each year, while Vietnamese exports to this country just valued at more than USD 300 million. As for Japanese market, which has purchased USD 3.4 billion worth of fresh fruits and USD 2.5 billion of vegetable each year, Vietnamese shipment only accounted for over 1 percent.

Mr. Hung said that strong import growth in the US and the EU is seen as a good signal for Vietnamese firms to boost shipments to the markets. However, the small-scale production and processing are posing great challenges for Vietnamese fruit and vegetable sector.

Mr. Le Quoc Doanh, Deputy Minister of Agriculture and Rural Development said that localities holding strengths in fruit and vegetable cultivation should expand planting areas with intensive application of high technologies. In addition, further efforts should be made to improve food safety and hygiene to ensure that more products receive safe and organic certificates and to set up production chains from growing to distribution to increase value of the products and enhance overseas shipments. Localities should work out suitable policies to attract investment into the sector and prioritise brand development and registration of geographical indication, he added.

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