Vietnam targets 5 billion USD from fruit, vegetable exports in 2020
Hanoi – The veggie and fruit sector aims to gross 5 billion USD from exports this year on the back of new-generation free trade agreements, the Vietnam Fruit and Vegetable Association (VINAFRUIT) said.
The veggie and fruit sector aims to gross 5 billion USD from exports in 2020. (Photo: VNA)
As the EU – Vietnam Free Trade Agreement is expected to take effect in 2020, tariffs on Vietnamese fruits and vegetables will fall to zero, helping their value increase significantly.
Besides, the clinched Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will open new markets for the Vietnamese products.
According to Dang Phuc Nguyen, the association’s general secretary, the target is achievable, especially when a large area of fruits and vegetables is being grown under VietGAP and Global GAP to meet requirements of choosy markets.
Last year, shipments of fruits and vegetables lagged behind expectations as they brought home only 3.8 billion USD, a year-on-year slide of 1 percent.
The Ministry of Industry and Trade said that 2019 was really a tough year with the veggie and fruit sector. China, the largest importer of Vietnam, tightened requirements for imports from Vietnam via applying strict quarantine measures and enhancing origin traceability.
However, growth was seen in the shipments to several markets such as ASEAN (26.6 percent), the US (10.7 percent) and the EU (32.2 percent).
Related news
Rice export target set at 5.2 million tonnes in 2017 The Vietnam Food Association (VFA) aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export
Vietnam – biggest supplier of pepper to Pakistan Vietnam exported 8,800 tons of pepper to Pakistan to earn more than US$36 million last year, according to Vietnam Trade Office in Pakistan.
Agricultural product exports to Indonesia see sharp decline Exports of agricultural products to Indonesia fell sharply in the first seven month of this year. They included rice (down 96%), coffee (51.2%), tea (47.7%)
Capital for high-tech agriculture High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge
APEC seeks to promote technology in agricultural production The ATCWG Group held a meeting in the Mekong Delta city of Can Tho on August 20 to promote technology transfer in agricultural production