Vegetables and fruits for export: Expanding potential in 2023
Vietnam’s vegetable and fruit export industry has a promising future in 2023, thanks to its favorable climate, a young and large workforce, and increasing demand for healthy, fresh food in developed countries. The government is supporting the industry with tax incentives, subsidies, and investment in infrastructure and technology. Despite challenges such as limited infrastructure and intense competition, the growth potential for this industry in Vietnam is strong.
Fruit and vegetable exports accelerate to surpass 3 billion USD
Vietnam is a country renowned for its diverse and abundant agriculture, and its fruit and vegetable exports have been a significant contributor to its economy for many years. In recent years, the export of fruits and vegetables from Vietnam has accelerated at a remarkable pace, surpassing 3 billion USD in value. The country’s favorable climate, fertile land, and low production costs have made it a major player in the global market for these products.
Fruits such as dragon fruit, mangoes, lychees, and longans have been the top export items, with dragon fruit leading the way in terms of export volume and value. The fruit, which is native to Vietnam, has a distinctive appearance, flavor, and nutritional profile that has made it popular in many countries, especially in Asia. Vietnam’s mangoes and lychees have also been well-received in the global market, with their high quality and taste attracting a large customer base.
In addition to fruits, Vietnam is also a major exporter of vegetables, including chili peppers, garlic, ginger, and green beans. The country’s ideal growing conditions, combined with its use of modern farming techniques, have made it possible to produce large quantities of these products at a relatively low cost, making them more competitive in the global market. These products are in high demand in countries such as China, the United States, and Europe, where consumers are looking for high-quality and affordable food options.
Although the export potential of fruits and vegetables to China has decreased sharply after the “Zero covid” policy. However, the fruit and vegetable industry proved its vitality when the epidemic situation eased and grew strongly in many other markets such as the US (up 14.4% in 11 months of 2022), South Korea (up 14.4% in 11 months of 2022), Korea (up 14.4% in the first 11 months of 2022). 14.1%), Thailand (up 19.7%), Japan (up 7.3%), the Netherlands (up 47.2%), Australia (up 5.5%)
Government help to consolidate agricultural export
The government of Vietnam has also played a key role in the development of the country’s fruit and vegetable export industry. The government has invested in the development of infrastructure, such as roads, ports, and airports, to improve the transportation of these products to foreign markets. Additionally, the government has encouraged the development of export-oriented enterprises and has provided financial and technical support to farmers and processors. These initiatives have helped to create a more favorable business environment for the fruit and vegetable export sector, and have contributed to the growth of the industry.
The export of fruits and vegetables from Vietnam has brought numerous benefits to the country and its people. For farmers and processors, it has provided new market opportunities, increased income, and improved livelihoods. For the country as a whole, it has boosted economic growth, created jobs, and improved the balance of trade. The export of these products has also helped to enhance the country’s image in the global market, positioning it as a reliable and high-quality supplier of agricultural products.
In conclusion, the export of fruits and vegetables from Vietnam has been a remarkable success story in recent years.
The country’s favorable conditions, combined with its supportive government policies, have helped to drive growth in the sector and position it as a major player in the global market. The continued expansion of this industry is expected to bring many benefits to the country and its people, and to position Vietnam as a leading exporter of high-quality agricultural products in the years to come.
Growth potential for fruit and vegetable export industry in 2023
Vietnam is poised to become a major player in the global fruit and vegetable export industry in 2023. The country has several factors working in its favor that make it an attractive destination for investment in the agricultural sector. Firstly, Vietnam has a large and young workforce, which is critical for the labor-intensive nature of farming. Secondly, the country has a favorable climate for growing a wide range of fruits and vegetables, from tropical crops such as mangoes and pineapples to temperate crops like apples and carrots. Thirdly, the government has made a concerted effort to improve the infrastructure, including roads, ports, and storage facilities, making it easier to transport produce to market.
In addition to these favorable conditions, the increasing demand for healthy and fresh food in developed countries has also boosted the growth of the fruit and vegetable export industry in Vietnam. As consumers become more health-conscious, they are seeking out fresh, unprocessed foods, and Vietnam has been quick to capitalize on this trend by exporting large quantities of fresh produce to countries like the United States, Japan, and South Korea. The country is also expanding its reach into new markets, such as Europe and Australia, where there is growing demand for healthy, high-quality food.
To support the growth of the industry, the Vietnamese government has implemented a number of measures to attract investment and promote the export of fruits and vegetables. These measures include tax incentives, subsidies for farmers, and support for the development of new agricultural technologies. The government is also working to improve the quality of produce and ensure that it meets international standards, which is critical for entry into export markets.
Challenges for the fruit and vegetable export industry
Despite these efforts, there are still challenges to the growth of the fruit and vegetable export industry in Vietnam. For example, the country still lacks the infrastructure and distribution networks needed to support large-scale exports, and many farmers are still using traditional methods of farming, which can limit the quality and quantity of produce. Additionally, the industry faces intense competition from other countries, such as Thailand and China, which are also looking to capitalize on the growing demand for healthy and fresh food.
Despite these challenges, the growth potential for the fruit and vegetable export industry in Vietnam remains strong, and the country is well-positioned to become a major player in the global market. With the right investments in infrastructure, technology, and training, Vietnam has the potential to become a major exporter of high-quality produce, and to help meet the growing demand for healthy and fresh food in developed countries around the world