Tuesday, November 5, 2024 9:22:56 AM - Markets open
VN-INDEX 1,244.71 0.00/0.00%
HNX-INDEX 224.71 +0.26/+0.11%
UPCOM-INDEX 91.76 +0.15/+0.17%
Thailand expected to record growth in Vietnamese fruit and vegetable imports
vietnamnews - 8/27/2024 1:37:28 PM
 (0 ratings. You must sign in to rate.)
Thailand, which previously ranked sixth after Japan and Taiwan (China), has climbed to fourth place with a seven-month export value of $123 million, a 70 per cent increase compared to the same period last year.
 
 
Durian is ready to be harvested in Tiền Giang. Thailand has increased its orders for frozen durians, leading to a significant rise in export volumes. — VNA/VNS Photo
 
 In the first eight months of the year, fruit and vegetable exports from Việt Nam reached nearly US$4.6 billion, a 29 per cent increase year-on-year, with Thailand expected to continue recording the impressive growth of imports.
 
Thailand experienced the highest growth in imports of Vietnamese agricultural products during the first seven months of the year, according to figures released by the Việt Nam Fruit and Vegetable Association based on customs data.
 
The country, which previously ranked sixth after Japan and Taiwan (China), has climbed to fourth place with a seven-month export value of $123 million, a 70 per cent increase compared to the same period last year.
 
Ngô Tường Vy, CEO of Chánh Thu Company, said that in the first half of this year, Thailand ramped up its purchases of Vietnamese longans, lychees and durians. In particular, Thailand has increased its orders for frozen durians, leading to a significant rise in export volumes.
 
Secretary General of the Việt Nam Fruit and Vegetable Association Đặng Phúc Nguyên added that Vietnamese durians are available year-round, while Thailand only has seasonal durians.
 
The El Nino-induced drought has severely impacted Thailand this year, resulting in a decline in durian yields and the fruit's size does not meet standards.
 
As a result, Thailand has increased its imports of durians from its neighbour, with some shipments being re-exported to China.
 
Large Thai retail corporations are also importing dragon fruit, longans and lychees from Vietnam to sell in their supermarket chains.
 
The import volume from Vietnam by these companies has doubled compared to the same period last year, contributing to the significant growth in fruit and vegetable export turnover to Thailand.
 
China remains the largest market importing nearly $2.5 billion worth of fruits and vegetables from Việt Nam in the first seven months, up 25 per cent year-on-year.
 
Following China are the US and South Korea, with export values of $189 million and $188 million, respectively, representing increases of 31 per cent and 51 per cent.
 
According to Nguyên from the Việt Nam Fruit and Vegetable Association, when there is a free trade agreement, countries will impose technical barriers. This requires Vietnamese producers and exporters to continuously update their knowledge of import regulations in various markets to comply promptly. — VNS
 
Read original article here
 
Newer News
04/11 Numerous US businesses set to arrive in HCM City to implement signed agreements
04/11 Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
04/11 Rice exports likely to set new record in 2024
04/11 VN among the top three ASEAN countries in term of industrial competitiveness
04/11 How the US election result can impact Vietnam's exports
01/11 Vietnam develops 'purely Vietnamese' generative AI
01/11 Ministry of Finance deploys pilot project for smart border gates
01/11 Vietnam poised to become the third-largest data centre market in ASEAN
31/10 Surging rice import is business as usual: MARD
31/10 US receives request for anti-dumping probe into Vietnamese pharmaceutical capsules
Older News
27/08 Limited resources and a lack of incentives hindering eco-innovation
27/08 World Bank forecast that VN’s economy will expand by 6.1 per cent in 2024
26/08 RoK boosts agri-equipment exports to Vietnam
26/08 At least 30,000 food and beverage stores in Vietnam closed in H1
26/08 Ministry auctions import of 126,000 tonnes of sugar
26/08 Opportunity for Vietnam as Indonesia increases rice tender volumes
26/08 New policy promotes green banking development in Vietnam
26/08 Clean electricity export: a bumpy road ahead
23/08 HCM City seminar discusses AI trends in marketing
23/08 EVN, TKV work to ensure adequate coal supply for electricity production
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 9:14:59 AM
VN-INDEX 1,244.71 0.00/0.00%
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.