Malaysian newswire highlights burgeoning Vietnamese fruit exports
(VOVWORLD) -A number of Vietnamese fruits have successfully entered high value and challenging markets as the country constantly seeking ways to ramp up its economic power via fruit exports, according to details given by Malaysian newswire thestar.com.my.
 Vietnamese fruits have successfully penetrated several demanding markets (Photo: congthuong.vn) |
China has been the country’s largest importer for years, although shipments to the northern neighbor have recently endured a downturn as a consequence of its stricter rules placed on imported food. Indeed, Vietnamese fruit and vegetables have enjoyed strong growth in other major markets, such as the United States, the Republic of Korea, Japan, and Australia.
The newswire outlined that many exporters are currently turning their eyes to European markets where their products enjoy a 0% tax rate under the EU-Vietnam Free Trade Agreement (EVFTA), with these markets seeing increasing demand for tropical fruit and vegetables, it reported.
The media outlet cited data compiled by the General Department of Vietnam Customs as saying that Vietnamese fruit and vegetable export turnover to Europe in 2021 hit 303 million USD, up 17.4% year on year.
Vietnam also earned roughly 2 billion USD from fruit and vegetable exports during the first seven months of the year.