Vietnam’s fruit exports gain momentum in early 2024
The export turnover is forecast to reach a record high of US$6.5 billion this year.
The export turnover is forecast to reach a record high of US$6.5 billion this year.
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.
Hanoi has achieved exports of agricultural and forestry products worth more than US$1.3 trillion in the first nine months of 2023.
Vietnam's orientation is to focus on offshore wind power in combination with other renewable energy sources to produce new energy for domestic demand and export.
The city's total agricultural export value exceeded US$1.35 billion in January-September, up about 23% year on year.
Vietnam’s export growth is likely to accelerate further thanks to a favorable base effect in the last two months of the year.
The Hanoi Gift Show has reaffirmed its role as a reputable trade fair for handicraft exports in the Asia-Pacific region.
The development of handicraft products for export is a key policy of Hanoi, as they are a source of revenue growth.
Hanoi's Department of Industry and Trade has a number of measures in place to support businesses in their export efforts.
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.
The development of export-standard rice areas plays a vital role in maintaining food security and enhancing the competitiveness of Hanoi's rice products.
El Niño has resulted in increasing rice imports from Vietnam, enabling the country to reap US$2.32 billion in the first half.