Vegetable, fruit export growth slows
Tuesday, December 11,2018AsemconnectVietnam - The growth of vegetable and fruit exports slowed down significantly this year but the target of reaching US$10 billion in revenue in 2025 was still within reach, according to the Ministry of Agriculture and Rural Development.
Viet Nam exported vegetables and fruits worth US$3.5 billion between January and November, representing a rise of 11.6 per cent over the same period last year.
Exports to Australia, the US, Thailand and South Korea saw strong growth rates of between 28 and 36 per cent.
The country imported vegetables and fruits worth $1.57 billion in the 11-month period, up by 11.5 per cent, mainly from Thailand (accounting for 41.3 per cent of the revenue) and China (24.4 per cent).
Viet Nam had significant potential to boost exports, and the target revenue of $10 billion in 2025 was within reach if the country could make a breakthrough in processing to increase product values.
The industry was still weak in processing and preservation, experts said.
It was critical to pay special attention to food safety and phytosanitation to boost exports as import markets are now more demanding, Hong said. Strengthening processing would help ensure stable export prices of vegetables and fruits by preventing prices from tumbling when output is abundant.
Hong suggested the Government create preferential policies to create favourable conditions for firms to invest in processing vegetables and fruits.
Khue said it was also critical to apply advanced processing technologies to diversify products and enhance quality.
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