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Update news farm produce
Farm exports to the US have increased sharply in recent months. Woodwork exports in the first seven months 2024 rose by nearly $1 billion over the same period last year.
Many Vietnam busineses that want to sell products to China, with more than one billion consumers, need guidance on how to enter the market.
One enterprise has complained that it had to wait too long to get a code to export sliced cassava to China, and others say that Vietnam packaging codes have been suspended. But this could be different if Vietnam applied digital technology.
The strong growth in exports during the first seven months of this year showed that the quality of Vietnamese fruits and vegetables has been improved to meet the export markets’ requirements.
Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to create breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.
Minister of Agriculture and Rural Development Le Minh Hoan noted that the shortcomings of Vietnam’s agriculture sector is weakness in communications and the promotion of products.
Vietnam’s farm specialties for export, including durian, fresh coconut, crocodile, chili and passion fruit, have seen high profits.
Vietnam’s farm exports have been given warnings by import countries. Farmers and exporters have been told that their products may face refusal if they do not improve the quality of produce.
Vietnamese Consul General in Nanning Do Nam Trung stressed that both Vietnamese and Chinese businesses attach importance to ‘credibility’.
China has surpassed the US to become the top importer of Vietnam’s farm produce. Exports to China in the first six months of the year accounted for 21 percent of total export turnover in the agriculture sector.
Positive signs of growth for cross-border e-commerce could enhance Vietnamese brand value.
It is expected that full-tax durian exports will bring billions of dollars for Vietnam in 2023.
China spends up to $13.5 billion to import fruits a year, but the market is now considered as fastidious as the US and Europe. If just one sweet potato is found stuck with soil, the whole consignment can be rejected.
Vietnam’s agricultural export revenue from January to mid-October 2022 was estimated at $55 billion.
In Vietnam, harvested farm produce is carried by "modified" tricycles and small boats to areas where it is placed on the floor before being put into cold storage facilities, leading to post-harvest losses.
Farmers are spending more time and effort to make safe food, but many customers are unwilling to pay more for the products.
Vietnamese farmers are now selling more products thanks to e-commerce platforms.
The organic farm produce market in Vietnam is full of potential. However, it is not easy to ‘go organic’ and distribute the produce.
Export companies have been warned that if they commit trade fraud, farm produce to China will be blocked.
A Vietnamese enterprise once had to pay compensation for an entire consignment of products to the Japanese partner after a few hairs were found in some packages of products.