Vietnam to spend $1 billion on fruit & veg imports
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. ■