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COCONUT EXPORT COULD REACH 1 BILLION USD IN 2024

|April, 15th , 2024                             

 

Forecasts show that by 2024, Vietnam's export value of coconuts and coconut products could reach 1 billion USD, opening up positive prospects for this industry. With the 4th position in the world coconut market, Vietnam's coconut exports are aiming for a record milestone of 1 billion USD.

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The Vietnamese coconut industry has experienced rapid development, since its introduction into national programs in 2010. The Vietnam Coconut Association, established in the context of a weak coconut industry, has played an important role in promoting exports and shaping coconut industry policy.

In 2022, export turnover of coconut products and related products will reach 940 million USD. It is expected that by 2024, this number could reach 1 billion USD or even higher, demonstrating the significant growth of Vietnam's coconut industry in the international market.

According to the Executive Committee of the Vietnam Coconut Association, to achieve this goal, the coconut industry is focusing on building brands and supporting businesses. The association is also promoting plans to build standard coconut raw material areas, creating a "Coconut Map" across the country to support businesses and investors.

Overall, the positive outlook for Vietnam's coconut exports is mainly based on efforts to support and encourage investment from both businesses and farmers, with the ultimate goal of turning the coconut industry into a key export industry pointed, bringing great economic value to the country.

According to hiephoiduabentre.com.vn.


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