Hanoi's thriving tea industry faces challenges in boosting exports
Hanoi currently has over 2,000 hectares under tea cultivation, mainly in the mountainous and hilly terrains, with an annual production of over 20,000 tons.
Hanoi currently has over 2,000 hectares under tea cultivation, mainly in the mountainous and hilly terrains, with an annual production of over 20,000 tons.
Vietnam needs a plan to build a brand for Vietnamese robusta coffee in foreign markets.
The export turnover is forecast to reach a record high of US$6.5 billion this year.
The recovery momentum for shrimp exports will face numerous challenges in 2024, requiring Vietnamese shrimp businesses to make further efforts to overcome obstacles on the path to recovery.
China's opening of its market to Vietnamese watermelon, frozen and processed fruits is expected to boost Vietnam’s total export turnover of farm produce to US$6.5 billion this year.
Hanoi has drawn up a plan to develop Japonica rice production and high-quality rice to meet export standards.
By the end of 2023, Vietnam had 11,054 One Commune One Product (OCOP) items, exceeding the 10% target set for 2021-2025.
The plan seeks to enhance livestock processing methods, bolster food safety measures, diversify product offerings, and broaden market and export prospects.
Vietnam’s export growth is likely to accelerate further thanks to a favorable base effect in the last two months of the year.
The development of handicraft products for export is a key policy of Hanoi, as they are a source of revenue growth.
High demand from the Chinese market and the repercussions of droughts and floods in various countries prompted an increased import of Vietnamese fruits and vegetables.
Vietnam had exported 4.83 million tons of rice by the end of July, amassing US$2.6 billion in revenue.
The move could further cement Vietnam's growing presence in the global food supply chain.
El Niño has resulted in increasing rice imports from Vietnam, enabling the country to reap US$2.32 billion in the first half.
The seedless lychee fruit is currently only available for sale in Hanoi and Ho Chi Minh City.
MSMEs in Vietnam are poised to reap significant benefits from the rapid growth of the e-commerce sector.
The Southeast Asian country holds tremendous potential to be a global trading hub.