Opportunities for Vietnam’s Fruits and Vegetables Trade from Vietnam - EU Free Trade Agreement (EVFTA)

Opportunities for Vietnam’s Fruits and Vegetables Trade from Vietnam - EU Free Trade Agreement (EVFTA)

Published: 2017.12.05
Accepted: 2017.12.05
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Institute of Policy and Strategy for Agriculture and Rural Development,Ministry of Agriculture and Rural Development of Vietnam

General overview of Vietnam's fruits and vegetabGles trade

In recent years, Vietnamese fruits and vegetables sector has been continually expanding its export market. Vietnam’s fruits and vegetables products have penetrated big markets such as USA, Australia, EU and Japan (VietTrade, 2016). In the period of 2000 - 2016, fruit and vegetable trade balance between Vietnam and the world has continuously gained the surplus with a tendency to increase along with the level of market opening between Vietnam and the world. According to the Ministry of Agriculture and Rural Development, Vietnam's fruit and vegetable export turnover in 2015 reached nearly $US 1.9 billion. In 2016, Vietnam’s fruits and vegetables export value increased rapidly to $US2.45 billion, 5.5 times higher than in 2010 (about $US 450 million), with a trade surplus of $US 1.5 billion.

 

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