September 18, 2024 | 02:50 GMT +7

  • Click to copy
Monday- 17:09, 19/08/2024

New protocol can boost coconut exports by 200-300 million USD in 2024

(VAN) Following dragon fruit, longan, mango, jackfruit, banana, and durian, fresh coconuts officially enter the Chinese market as of August 19.
General Secretary and President To Lam and General Secretary and President of China Xi Jinping witnessed the signing ceremony. Photo: VNA.

General Secretary and President To Lam and General Secretary and President of China Xi Jinping witnessed the signing ceremony. Photo: VNA.

On August 19, the Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China (GACC) signed a protocol on the quarantine of exported fresh coconut products. The signing ceremony was attended by leaders To Lam and Xi Jinping.

Fresh coconut is poised to become a "billion-dollar" industry with significant export potential. Vietnam, one of the world’s largest coconut producers and exporters, currently has around 175,000 hectares dedicated to coconut cultivation, primarily in the Mekong Delta.

With the new protocol and the opening of the Chinese market, fresh coconut export revenue is projected to increase by 200-300 million USD in 2024, with further growth expected in subsequent years.

The Plant Protection Department (PPD), which provided technical advice for the protocol, noted that exporting fresh coconuts not only offers economic benefits but also encourages the Vietnamese coconut industry to pursue sustainable development and enhance product quality to meet international standards.

According to the Vietnam Coconut Association, there are approximately 100 coconut-related businesses nationwide, including more than 40 engaged in deep processing. These businesses also utilize raw materials and by-products from coconuts for the food, medical, and cosmetic industries.

Ben Tre is recognized as the coconut capital of Vietnam. Additionally, provinces such as Tay Ninh, Hau Giang, Long An, Khanh Hoa, Binh Thuan, and Binh Dinh have invested in technology and organic cultivation for export. By the end of 2023, there are expected to be around 15 specialized coconut farms covering over 100 hectares.

One year after the US opened its market, fresh coconuts from Vietnam were approved for export to China.

One year after the US opened its market, fresh coconuts from Vietnam were approved for export to China.

Coconuts are one of the few crops where every part of the tree is utilized. In 2022 and 2023, the export turnover of coconut and related products consistently reached around 1 billion USD.

In August 2023, the United States also opened its market to fresh coconuts from Vietnam.

In addition to fresh coconuts, Vietnam exports over 10 other fruits and vegetables, including dragon fruit, longan, lychee, rambutan, mango, watermelon, jackfruit, banana, mangosteen, durian, and sweet potato. Passion fruit and chili are also temporarily exported.

Looking ahead, the Ministry of Agriculture and Rural Development will continue to collaborate with Chinese authorities to ensure a smooth implementation of the new protocol and support Vietnamese businesses and farmers in capitalizing on the opportunities it presents.

Author: Quynh Chi

Translated by Quynh Chi

Binh Dinh coconuts and the billion-dollar market: promoting the organic product line

Binh Dinh coconuts and the billion-dollar market: promoting the organic product line

(VAN) With approximately 3,000 hectares of organic Siamese coconut productiona area, Binh Dinh is confidently participating in official export channels to the Chinese market.

Ho Chi Minh City exports 8.85 million ornamental fish in the first 8 months

Ho Chi Minh City exports 8.85 million ornamental fish in the first 8 months

(VAN) The 2024 Ornamental Plants Exhibition-Competition will take place from September 11-15 at Duong Dinh Nghe Park (District 11, Ho Chi Minh City), gathering many artisans and enthusiasts of ornamental plants.

Opportunities for Binh Dinh coconut in the Chinese market

Opportunities for Binh Dinh coconut in the Chinese market

(VAN) With the largest coconut acreage in the Central region, when fresh coconuts are officially exported to China, Binh Dinh is excited because it has soon granted production unit code unit for Siamese coconuts.

The potential for fruit exports between the United States and Vietnam

The potential for fruit exports between the United States and Vietnam

(VAN) On September 9, a trade delegation from the United States Department of Agriculture (USDA), led by Ms. Alexis M. Taylor, Under Secretary of Trade and Foreign Agricultural Affairs, arrived in Ho Chi Minh City.

Dak Lak sells nearly 17 tons of carbon from planting rice

Dak Lak sells nearly 17 tons of carbon from planting rice

(VAN) A business has purchased nearly 17 tons of carbon from rice at USD 20/ton. This makes Dak Lak the first locality in Vietnam to sell carbon credits.

Agro-forestry products see strongest growth among export items

Agro-forestry products see strongest growth among export items

(VAN) Agro-forestry exports generated a total revenue of 22.53 billion USD during the first eight months of 2024, reflecting a growth of 24.9% compared to the corresponding period in 2023, representing 8.5% of the overall total.

The consumers are increasingly concerned about the transparency of seafood products

The consumers are increasingly concerned about the transparency of seafood products

84.6% of Vietnamese consumers prioritize fish and seafood products marked with their country of origin when shopping, a figure that surpasses the global average of 71%.

Read more