Imports of Chinese vegetables, fruits soar in 2024
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Vietnam imported US$697 million worth fruits and vegetables from China in the first nine months of 2024, up 24% year-on-year.
Imported Chinese farm products used to be sold only in traditional markets, but now they can also be found at most major retail chains such as MM Mega and Co.opmart.
The major imports include apple, grape, garlic, onion, and potato, and are often 10-30% cheaper than products from other countries.
Vo Thanh Loc, co-founder of retailer Farmer’s Market, said the company used to source its products from Australia, Japan, South Korea, and the U.S., but has recently added Chinese products to the list since they look nice and come in many varieties.
HCMC’s Thu Duc Agriculture Market has received 88,400 tons of vegetables and fruits imported from China so far this year.
Dang Phuc Nguyen, general secretary of the Vietnam Fruits & Vegetables Association, said China has been able to improve its fruits quality through farming region control and packaging.
Thanks to reduced transportation costs and zero import tax agreements between China and ASEAN countries, Chinese produce have an advantage in Vietnam, he added.
Questions & Answers
Q.What is the primary reason Chinese produce has an advantage in the Vietnamese market?
What is the primary reason Chinese produce has an advantage in the Vietnamese market?
Reduced transportation costs and zero import tax agreements between China and ASEAN countries give Chinese produce a competitive edge. This helps make them 10-30% cheaper than products from other countries.
Q.Which specific retail chains in Vietnam are now stocking Chinese farm products?
Which specific retail chains in Vietnam are now stocking Chinese farm products?
Chinese farm products, which previously sold only in traditional markets, can now be found at major retail chains. These include MM Mega and Co.opmart, among others, expanding their availability.
Q.What are some of the main types of Chinese fruits and vegetables being imported into Vietnam?
What are some of the main types of Chinese fruits and vegetables being imported into Vietnam?
The major imports from China into Vietnam include common items such as apple, grape, garlic, onion, and potato. These products are often more affordable than those sourced from other nations.
Q.How much has Vietnam's import of fruits and vegetables from China increased this year?
How much has Vietnam's import of fruits and vegetables from China increased this year?
Vietnam imported US$697 million worth of fruits and vegetables from China in the first nine months of 2024. This represents a significant year-on-year increase of 24% compared to the previous period.
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