Vietnam expects to export US$10 billion of fruit, vegetables in 2030

Ho Chi Minh City - Vietnam targets to export fruits and vegetables worth US$8-10 billion by 2030, according to a scheme for the development of the fruit and vegetable processing industry that has been approved by Prime Minister Nguyen Xuan Phuc.

People process bananas after harvesting in the southern province of Binh Duong. Vietnam’s fruit and vegetable exports are expected to reach US$8-10 billion in 2030 - Photo: Nam Binh

The proportion of processed fruits and vegetables in Vietnam’s total fruit and vegetable exports is expected to reach 30% or more. The country would be capable of processing 2 million tons of fruits and vegetables, while the loss from harvesting fruits and vegetables is expected to fall by 1% annually. Around 70% of companies that process fruits and vegetables for export are expected to have advanced technology.

The Government will invest in 50-60 new medium and large-scale facilities for fruit and vegetable processing and develop new fruit and vegetable processing corporations and enterprises of international stature that have strong competitiveness in the global market.

To meet this target, Vietnam will focus on improving its fruit and vegetable processing capacity. The Government will prioritize fruit and vegetable processing projects that apply advanced technology, ensure environmental protection and are capable of connecting different localities.

Vietnam will also repair and upgrade fruit and vegetable processing facilities that have deteriorated, develop clusters for the cultivation and processing of fruits and vegetables in localities and build a system of large-scale facilities with modern equipment for processing, packaging and storing key fruit and vegetables.

The Government will offer more incentives for the fruit and vegetable processing sector, especially for startups and innovative projects.

Vietnam exported fruits and vegetables worth US$3.26 billion in 2020, declining 13% compared with 2019 due to the impact of the Covid-19 pandemic. However, fruit and vegetable exports to demanding markets such as the United States, Japan and South Korea maintained the growth momentum, highlighting that Vietnamese fruits and vegetables meet high standards.

The Import and Export Department under the Ministry of Industry and Trade forecast that fruit and vegetable exports will rebound in 2021 thanks to the free trade agreements that Vietnam has signed.