Viet Nam targets coconut product exports of $1 billion

Feb 27th at 09:38
27-02-2023 09:38:36+07:00

Viet Nam targets coconut product exports of $1 billion

Cao Ba Dang Khoa, the association’s acting general secretary, said the country has risen to fourth place in Asia in terms of coconut exports.

 

Every part of the coconut tree - fruits, wood, leaves - has a use, he said.

The processing industry has developed some 200 products like candy, fibre, shell charcoal, oil, coconut milk, and carpet , besides fresh coconut.

It has invested in production technologies to make products of international quality and export to many markets including demanding ones, he said.

Firms exported coconut wood last year, and many businesses now report large export orders for it and coconut shell for making handicrafts, he said.

The association is co-ordinating with several industries and localities to organise activities to expand production capacity and build brands for coconut products, he said.

With proper marketing, coconut products would gain traction in international markets, he said.

The association plans to set up offices in several provinces and cities, he said.

The industry faces challenges, including the lack of a standalone set of standards and rules for coconut varieties and wood origin traceability, he said.

Viet Nam has 175,000 hectares under coconut, mainly in the Cuu Long (Mekong) Delta and the central coast, with the former accounting for nearly 80 per cent. 

bizhub



NEWS SAME CATEGORY

Rice exporters to benefit from tight supplies, lower costs

Decreasing input costs as Europe eases sanctions against Russia and increased fertiliser supply will benefit rice export businesses, said Vietcombank Securities...

Alcohol, tobacco and soft drinks face increase in excise tax

Alcohol, tobacco and soft drinks will be subject to an increased excise tax aiming to improve community health and tackle the national budget deficit as part of a...

Southern Vietnamese province exports over 300 metric tons of fresh bananas to China

The People’s Committee of Dong Nai Province in southern Vietnam on Wednesday exported over 300 metric tons of fresh bananas to China, marking its first batch of...

Vietnam rice export prospect bright with major markets returning

Vietnam’s rice exports are expected to do well this year with the return of its traditional import markets, such as Indonesia and Bangladesh, and China’s reopening...

Petrol retailers rue continuing hardship

Petrol retail enterprises have struggled to keep their operations profitable as disruptions in the supply chain continue to persist.

Bright prospects for growth in bicycle market

With more Vietnamese commuters choosing to cycle, the prospects for the bicycle market look promising with great opportunities for bicycle retailers.

Vietnamese longan sells well in Japan despite high prices

Vietnamese longan is welcomed in Japan although its retail prices are high, which brings a big opportunity for local farmers.

Recalculating base prices and retailers' bonus key to stabilise fuel market: MPI

Recalculating base fuel retail prices and granting retailers a minimum bonus were among a number of suggestions made by the Ministry of Planning and Investment...

Viet Nam’s dragon fruit, banana, durian exports target US$2 billion in 2023

The export of dragon fruit, banana and durian is expected to contribute US$2 billion to the country’s export turnover in 2023.

Bright prospect for rice export this year

Many countries have increased rice imports to ensure food security, which offers Viet Nam a chance for to boost its exports of the grain, according to the Ministry...

Commodity prices


MOST READ


Back To Top