Record-breaking Exports of Vegetables and Fruits
According to Vietnam Customs, the value of vegetable and fruit exports has soared to a record-breaking $3.5 billion in the first eight months of the year, marking a remarkable 56% year-on-year increase. The surge can be attributed to a significant rise in Chinese demand, while other countries in the region, affected by droughts and floods, have also ramped up their imports.
Notably, the export value of #Durian alone accounted for 30% of the total. As supply from other Southeast Asian countries has declined, Durian prices are expected to rise in September. Vinafruit anticipates that Durian exports will reach a value of $1.5 billion this year.
Furthermore, #Coconut holds promising potential for increased exports to China and the U.S. Recently, the U.S. has allowed imports of husked nuts from Vietnam, opening up new opportunities for the coconut industry.