POST Online Media Lite Edition


Vietnam to spend $1 billion on fruit & veg imports

Staff Writer |
According to the General Department of Vietnam Customs, the country is set to spend a massive $1 billion importing fruits and vegetables from Thailand and China to meet local demand.

Article continues below

Statistics from the General Department of Customs showed that, for the first nine months, Vietnam imported $650m worth of fruits and vegetables, a 42% increase compared to the same period last year. It is predicted that $1bn will be spent on fruits by the end of the year.

Thai fruits and vegetables are becoming Vietnamese favourites, as $289m had been spent on products from this country alone. Thailand was followed by China and Cambodia at $150m.

Local firms are facing tough competition on quality, quantity and brand recognition.

Vietnam's fruit and vegetable exports depend greatly on China. As of September, the export turn-over of fruit was second only behind aqua-products and higher than rice. Vietnam had earned $1.68bn from fruit exports by September 15, an increase of 31% compared to same period last year, of which $1.3bn was exported to China.

Turnover from South Korea reached $65m and was followed by the turnover to the U.S. and Japan with $60m and $56m.

The World Bank has warned that Vietnam should change its agricultural techniques to ensure higher quality products and sustainable development.

What to read next

Vietnam: Fruit and vegetables to bring $3.6 billion
Fruit, vegetables exports from Vietnam to China increased 218 percent
Vietnam's 2017 coffee exports volume seen falling 20-30 percent