Tuesday, May 28, 2024 4:53:34 PM - Markets open
VN-INDEX 1,281.73 +14.05/+1.11%
HNX-INDEX 245.58 +2.75/+1.13%
UPCOM-INDEX 95.62 +0.75/+0.79%
Vegetable, fruit exports to struggle
Vietnam News - 2/27/2017 9:20:09 AM
 (0 ratings. You must sign in to rate.)
The domestic vegetable and fruit industry will face obstacles in maintaining sustainable growth in export value at the current high level, according to the Việt Nam Vegetable and Fruit Association.

Total national export value of vegetables and fruits reached US$2.4 billion in 2016, a year-on-year increase of 30 per cent. Export value is expected to increase to $3 billion this year.

The year 2016 witnessed impressive growth in the export value of vegetables and fruits, as a result of which their export value exceeded their export value of rice.

Việt Nam’s fruit and vegetable products were exported to 60 countries and territories, but trade promotion and steps to maintain the freshness of these products have not been developed according to expectations, the association said.

For instance, local vegetable and fruit products were sold at only a few places in California and New York in the United States, partly due to poor trade promotion, it said.

US apples had, however, entered all distribution systems -- from traditional markets to modern trading centres -- because the products retained their freshness for six months and the US Department of Agriculture ensured funds were contributed by local enterprises of importing counties for trade promotion activities.

Meanwhile, Vietnamese vegetable and fruit products remained fresh only for a few days, the association said, adding that it expected that a contribution from the state’s credit package worth VNĐ100 trillion for hi-tech agriculture would create favourable conditions for development of processing technology for Vietnamese vegetable and fruit products.

Nguyễn Hữu Đạt from the Việt Nam Vegetable and Fruit Association said it was necessary to have preferential loans for the development of modern processing lines that met international standards at enterprises.

Additionally, the state should have preferential loans for research institutes, centres and colleges to research and develop vegetable and fruit seeds and plant protection products, such as pesticides and herbicides. The research facilities also required cooperation with enterprises and producers to ensure efficiency in vegetable and fruit production.

Nguyễn Đình Tùng, general director of local professional fruit exporter VINA T&T, said the vegetable and fruit industry needed funds amounting to VNĐ500 billion for current projects on researching preservation technology for farming products.

He expected that after processing, Việt Nam’s major fruit products, such as dragon fruit and longan, could be kept fresh longer than the current period of 1-2 months.

The association also said local fruit exporters should continue paying attention to food hygiene and safety as they have done over the past eight years, chinhphu.vn reported.

If importing countries identified even one case where food hygiene and safety regulations were violated, they would gradually increase the percentage of imported fruits inspected from five per cent of total imported batches, at present, to 50 per cent or even 100 per cent.

This inspection would take time, affecting consumption and quality of fruits in the export market, leading to losses and eventually a loss of the enrite market. It would also affect local vegetable and fruit production.

Đạt said to stand firm in strict and large export markets, local vegetable and fruit exporters should actively partner to implement suitable trade promotion programmes, step-by-step enter distribution systems in exporting markets and protect as well as improve competitive ability of Vietnamese vegetable and fruit products in the world market.

Newer News
27/05 MoIT to step up talks on new FTAs
25/05 Criteria for assessing FDI announced
25/05 VN’s automobile industry still faces challenges in implementing FTAs
13/05 Việt Nam's wood industry strives to match sustainable wood demands
13/05 Việt Nam's data centre sector is attractive to foreign investors
13/05 Businesses and people expect VAT cut extension to be approved
13/05 VN ranks second in the world in cryptocurrency ownership rankings
08/05 Enterprises urge petrol price stabilisation fund to be abolished
06/05 Việt Nam leads in export rice prices globally
02/05 CPI in April inches up 0.07%
Older News
24/02 Rice exporters rail against storage minimum
23/02 Tax code bogs down VN cement exporters
23/02 India in talks to buy part of VN tungsten mine
22/02 VN refinery predicts profit dip
20/02 Petrol prices increase first time in 2017
16/02 Logistics expected to make up 8-10 percent of Vietnam’s GDP by 2025
16/02 Japanese firms show optimism in Việt Nam
16/02 Steel production, consumption down in January
15/02 Tra Vinh spends nearly 55 billion VND to support SMEs
15/02 Vietnamese tuna loses competitive edge in Japan due to high taxes
 
Newsletter Signup
Top Stories
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Gold bar auction to be resumed after 11 years of suspension
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,281.73 +14.05/+1.11%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.