Vietnam targets $10 bln worth of fruit, vegetable exports
In this article (5)
A fruit and vegetable sector development plan approved by the government seeks to increase exports to $8-10 billion by 2030.
Processed fruits and vegetables are expected to account for at least 30 percent of this, with two million tons expected to be shipped abroad, double the volume in 2020.
The plan also seeks to attract investment to establish 50-60 medium and large-scale fruit and vegetable processing facilities with modern technologies that can compete in the international market.
The government will offer incentives for such investment
Existing fruit and vegetable warehouses and processing facilities will be upgraded, and farms, processing plants and distribution channels will be linked.
Exports of fruits and vegetables fell by 13 porcent last year to $3.26 billion due to the impact of Covid-19, according to the Ministry of Agriculture and Rural Development.
But exports to some countries with stringent quality standards, such as the U.S, South Korea and Japan, increased by 5-11 percent.
Questions & Answers
Q.What is the specific financial target for Vietnam's fruit and vegetable exports by 2030?
What is the specific financial target for Vietnam's fruit and vegetable exports by 2030?
The Vietnamese government's development plan aims to increase fruit and vegetable exports to a value of $8-10 billion by the year 2030. This financial target represents a significant increase from current export figures.
Q.How much of the planned 2030 export value is expected to come from processed fruit and vegetable products?
How much of the planned 2030 export value is expected to come from processed fruit and vegetable products?
Processed fruits and vegetables are projected to account for at least 30 percent of the total $8-10 billion export target by 2030. This indicates a focus on higher-value products.
Q.What was the total value of fruit and vegetable exports from Vietnam last year, and what caused the change?
What was the total value of fruit and vegetable exports from Vietnam last year, and what caused the change?
Last year, fruit and vegetable exports from Vietnam fell by 13 percent, reaching a total of $3.26 billion. The Ministry of Agriculture and Rural Development attributed this decline to the impact of Covid-19.
Q.What measures will the government take to support the development of the fruit and vegetable sector?
What measures will the government take to support the development of the fruit and vegetable sector?
The government will offer incentives to attract investment for 50-60 new processing facilities, upgrade existing infrastructure, and link farms, processing plants, and distribution channels. These steps aim to modernise the sector.