The Vietnam Coconut Association (VCA) has set a target of 1 billion USD in export revenue at its second congress for the 2023-2028 tenure, recently held in Ho Chi Minh City. According to VCA Deputy General Secretary Cao Ba Dang Khoa, coconuts have been planted on a total area of some 200,000 hectares across the nation.
Earlier, coconut’s values were not tapped to the fullest extent, resulting in the export turnover of just over US$ 100,000 in 2009, he said, but the VCA has recommended policies and orientations to develop the coconut industry to competent ministries and sectors while connecting with food, handicraft, and plantation industries to improve coconut products’ competitiveness.
Last year, Vietnam shipped US$ 940 million worth of coconut-based and coconut-related products. In the first months of 2023, export revenue experienced a sharp fall due to global headwinds. However, from the second quarter, robust signs have loomed on the horizon, with the US and the EU allowing imports of Vietnamese coconut. China is considering the official import of the fruit as well.
Source: baobinhduong.vn