South Korea’s farm produce import revenue has soared in recent years, reaching US$35.2 billion last year. However, that exports of Việt Nam’s farm produce to the South Korean market remained very modest at about $2.14 billion – a big marktet is waiting for VIETNAMESE FRUITS, VEGETABLES – need more TECH GARDEN – SMART GARDEN in VIETNAM.
Việt Nam’s main agricultural and aquaculture products exported to the market include coffee beans, banana, chili, garlic, dragon fruit, mango, rice, shrimp and fish filets
The Ministry of Agricultural and Rural Development (MARD) has worked with the Korean side to open the door for Vietnamese star apple, pomelo, rambutan, longan and litchi to enter the market.
Japan is the world’s fourth largest farm produce importer, with import revenue worth $57.8 billion last year. But like the Korean market, export of Vietnamese farm produce to Japan is still low. Exports of Việt Nam’s vegetables and fruits to the market are worth $2.5 million and $36.4 million, respectively, accounting for 1.3 per cent and 1.1 per cent of its total imports
Japan has opened its market for Vietnamese dragon fruit (white and red flesh), mango and banana, Hưng said, adding that MARD is in the process of getting a permit to export litchi, longan and star apple to the market.
Việt Nam earned $3.8 billion last year from fruits and vegetable exports, a year-on-year increase of 7.9 per cent. Vietnamese fruits and vegetables were exported to more than 60 countries and territories, with China, the US, South Korea, Japan, the Netherlands, Malaysia, Thailand, and Australia among the biggest importers.
The Government expected export revenue to reach $4.5 billion this year and $5 billion in 2020 due to an increasing consumption demand both at home and abroad.