return icon Vietnamnet.vn

Fruit exports to China increase sharply

The recovery of exports to China will contribute to boosting Vietnam's fruit and vegetable industry in 2023.

As one of the main markets for Vietnamese fruit and vegetables, the recovery of exports to China will contribute to boosting Vietnam's fruit and vegetable industry in 2023.

According to Lao Cai Border Gate Customs Branch, from January 1 to 23 (the second day of the Lunar New Year), Vietnam exported more than 37,000 tonnes of fruit to China, with a turnover of more than $45 million.

In 2022, China's zero-COVID policy significantly affected the sales of fruit and vegetable products in Vietnam. Throughout last year, the export of fruit and vegetables to China reached $1.5 billion, down 19.8 per cent on-year. However, at the end of 2022, the Chinese government began loosening its coronavirus restrictions, allowing Vietnam’s exports to increase.

In the second half of 2022, Vietnam and China signed deals to export durian, banana, sweet potato, and bird's nests to the Chinese market. This opens up new opportunities for products to penetrate a market with more than 1.4 billion people.

After one month of durian being exported to China, in October, exports reached nearly $50 million, an increase of more than 4,000 per cent compared to the same period in 2021.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, said that currently, Vietnam's main fruit export product to China is dragon fruit. Durian is now forecast to set a new record.

Along with that, in 2022, China – which spends about $4 billion on importing durian annually – implemented more planting area and packing facility codes that match the requirements of the protocol to certify the export of durian products. It is expected to help Vietnam’s durian production and packaging to become increasingly professional, meeting the high standards in many other fastidious markets.

Fruit exports to China increase sharply

Seizing the opportunity from this high-value export product, in November 2022, Vina T&T JSC (Vietnam) and the Sunwah Group (Hong Kong) signed a strategic cooperation agreement for the export of Vietnamese durian.

The two sides aim that, by 2023, the output of fresh durian exports will reach 4,500 containers, equaling 90,000 tonnes. They will work together to build a durian growing area to meet the import requirements of the local market.

Nguyen Dinh Tung, chairman of Vina T&T, said that Sunwah Group is not only strong in the import and export of agricultural products but also has retail distribution channels in China, which is a premise to build the Vietnamese durian brand.

Experts and businesses believe that 2023 will see strong growth in the export of fruit and vegetables as a result of China easing quarantine and infectious disease management measures for imported goods.

Source: VIR

MORE NEWS

VIETNAM NEWS HEADLINES MARCH 22/2023

PM chairs dialogue with youngsters nationwide

Ministry threatens to punish telcos for junk-simcards

The Ministry of Information and Communications (MIC) is intending to mete out punishment with a heavy hand to telecom carriers that do not stop junk sim-cards in the market.

Vietnam moves up in ranking of internet speed

The quality of internet service has improved following instructions by the Ministry of Information and Communications (MIC). Vietnam now ranks 39th globally in terms of fixed internet and 52nd in mobile internet speed.

Banks hold US$8 billion worth of corporate bonds

The proportion of corporate bonds to total assets of commercial banks is not too large but risks still exist, especially if banks hold bonds of weak real estate firms, according to Le Hong Khang from FiinRatings.

Small ship itineraries in Vietnam amongst best Southeast Asia cruises

Small ship itineraries along Ha Long Bay, the Red (Hong) River and the Lower Mekong River in Viet Nam were named among the top four best Southeast Asia cruises by the U.S. travel guidebook series Frommer’s.

Vietnamese stock market's publicity and transparency improved

It is believed that the enhancement will help shore up investor confidence in the Vietanmese stock market after recent scandals.

Investors voice concerns over unresolved pricing for renewable projects

Investors of numerous renewable energy projects demanded solutions to resolve pricing issues in a meeting with Vietnam Electricity (EVN) on Monday.

Hanoi's decade-long effort to clear pavements with no significant results

Despite efforts for 10 years, Hanoi's pavements are still cluttered and have not been returned to pedestrians.

Military inspectors deployed to support understaffed vehicle registration centres

Understaffed vehicle registration centres in Hanoi and HCM City have received support from the military as they struggle to cope with the surge in demand caused by the closure of several centres for investigation in recent few months.

Vietnam to develop policies to adapt to global minimum tax

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

Hanoi drafts to restore local relics with US$593.6 million

Restoring relics and heritage sites is one of Hanoi's goals and is part of the city's efforts to boost its tourism sector.

University ranking group answers criticisms about its transparency

Nguyen Vinh San from the University of Education, a member school of University of Da Nang, and a member of the Vietnam University Ranking Group, said the group has received opinions about the quality and reliability of the ranking.

Foreign associations want dollar interest rate cap removed

Foreign business associations have proposed the State Bank of Vietnam (SBV) remove the U.S. dollar interest rate cap at 0%, reported the local media.

SBV tightens control on corporate bond acquisitions by banks

The State Bank of Vietnam (SBV), the nation’s central bank, is taking steps to tighten control on commercial banks’ acquisitions of corporate bonds.
back_to_top