Sunday, December 1, 2024 9:12:48 AM - Markets closed
VN-INDEX 1,250.46 +8.35/+0.67%
HNX-INDEX 224.64 +1.07/+0.48%
UPCOM-INDEX 92.74 +0.39/+0.43%
Vietnam's coconut exports to skyrocket thanks to shipments to China
vietnamnews - 9/10/2024 2:58:24 PM
 (0 ratings. You must sign in to rate.)

Vietnam's position in the global coconut market is impressive, ranking 6th among the top 10 countries in terms of cultivation area and output. With roughly 200,000ha of coconut plantations, the country produces 2.1 million tonnes of coconuts annually.

Production of canned coconut water at the Ben Tre Import-Export Joint Stock Company (Betrimex) in the Mekong Delta province of Ben Tre. — VNA/VNS Photo Xuan Anh
 
Fresh coconuts, a growing contributor to Vietnam's agricultural exports, are poised to make a substantial impact on the nation's economy through increased shipments to China, according to officials.
 
A recently signed protocol on phytosanitary requirements for fresh Vietnamese coconuts exported to China will enable more sustainable and large-scale access to this vast market, said Nguyễn Quốc Mạnh, deputy director of the Department of Crop Production under the Ministry of Agriculture and Rural Development.
 
Beyond China, demand for Vietnamese coconuts is also strong in India and the Middle East.
 
Vice Chairman and General Secretary of the Vietnam Coconut Association Cao Bá Đăng Khoa said he anticipates a significant breakthrough in exports this year, with revenues expected to reach US$250 million.
 
Vietnam's position in the global coconut market is impressive, ranking 6th among the top 10 countries in terms of cultivation area and output. With roughly 200,000ha of coconut plantations, the country produces 2.1 million tonnes of coconuts annually.
 
Under a development scheme for key industrial crops, Vietnam aims to expand its coconut cultivation area to up to 210,000ha by 2030. The Mekong Delta will account for a majority of this expansion, with up to 175,000ha, while the coastal south-central region will account for up to 20,000ha.
 
By 2030, over 30 per cent of the country's coconut cultivation area is expected to follow Good Agricultural Practices (GAP) and equivalent standards, with some 30 per cent of coconut areas certified at their production zones. Innovative farming techniques such as inter-cropping and integrated farming will be adopted to increase land productivity.
 
Mạnh also highlighted the potential for coconut-growing areas to become thriving eco-tourism destinations. By offering experiences like garden tours, local cuisine and visits to traditional craft and coconut processing facilities, these areas can create unique One Commune, One Product (OCOP) items and boost tourism revenue, he said. — VNS
 
 
Read original article here
 
Newer News
29/11 Nghe An approves US$590 million fabric factory investment from Singapore
29/11 Electrifying Hanoi: greening the capital with electric vehicles
29/11 Peru’s mega-port to open opportunities for Vietnam's import-export, logistics
29/11 M&A in Vietnam expected to be bustling in 2025
29/11 Vietnam’s auto industry solidifies its place in the global market
28/11 Rice export hits a fresh record of $5 billion
28/11 Wood exports poised to exceed target despite market challenges
28/11 VN to embrace a new internet era: VIA
28/11 VCCI proposes extending VAT reduction for first half of 2025
28/11 Cinnamon industry seeks to take advantage of trade deal to expand exports to the UK
Older News
10/09 Temporary halt of imports and exports through Lao Cai
10/09 Total retail sales up 8.5 per cent in January – August
10/09 Industrial production increasing over last eight months
10/09 E-commerce development: three concerning institutional issues
10/09 Turning Hung Yen into an attractive destination for investors
09/09 Đong Nai exports grow in first eight months
09/09 $19 billion trade surplus recorded by August
06/09 Production, new orders expanded in August: PMI
06/09 Efforts underway in Bac Giang to create more favourable business environment
06/09 Hung Yen longans ready to take Japan by storm
 
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 3:05:01 PM
VN-INDEX 1,250.46 +8.35/+0.67%
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.