Illustrative image (Photo: VNA)The export value of fruits and vegetables in May nearly doubled compared to theprevious month, hitting an estimated 500 million USD. Meanwhile, that of rice and coffee surged 53.1% and 28.5% to 530 million USD and 418 million USD, respectively.
Secretary General of the Vietnam Fruit & Vegetables Association Dang PhucNguyen attributed the increases to Vietnam's signing of protocols to export durian, sweet potato, and banana to China; pomelo to the US; and lemon to New Zealand.
Illustrative image (Photo: VNA)Nguyen showed optimism about the country’s 4-billion-USD target in vegetablesand fruits export this year.
According to the Ministry of Industry and Trade (MoIT), Vietnam raked in 136.17billion USD from goods exports in the last five months, down 11.6% year-on-year, with all sectors meeting difficulties as the demand has decreasedglobally, especially for non-essential consumer goods.
However, a positive sign of recovery was seen in May when export earnings picked up 4.3% month-on-month to hit 29.05 billion USD, helping the country enjoy a trade surplus of nearly 10 billion USD. Compared to the same period last year, the figure decreased 5.9% but the declining rate has slowed down.
Deputy General Director of the MoIT’s Import-Export Agency TranThanh Hai said it is forecast thatVietnam’s exports will recover in the second half in the context of fallinginflation in many markets. In addition, inventories in many countries have dropped significantly, prompting importers to place new orders.
Freetrade agreements (FTAs) that Vietnam signed with partners will continue to helpimprove the competitiveness of Vietnamese goods, bringing opportunities for Vietnamesebusinesses to promote their export activities, Hai noted./.
VNA
