John Nguyen, Sales Manager, Vina T&T, Vietnam © Yzza Ibrahim
Coconut, longan, mango, and dragon fruit ranks as the most demanded exotic fruits
Vietnam is home to many exotic fruits that have started to gain traction in North America. These fruits are amongst the most highly sought after produce in the US where there is a concentration of Asian migrants. According to Vina T&T, one of the leading Vietnamese exporters of fresh fruits, the clamour for such exotic and tropical fruits has not only been driven by Asian communities in the US, but the locals have also begun to expand their palette for these types of products. The US market is, however, competitive and the requirements for imported goods are stricter than in other countries. Restrictions pertaining to quality and on the amount of chemicals used are the main specifications typically demanded by wholesalers and traders in the US.
In addition to this, certain cultural intricacies also affect consumers’ purchasing habits. For example, for Buddhists, dragon fruit is an essential element in their rituals, so the skin of the fruit is a main consideration when buying them.
Because of the rising demand for exotic Vietnamese fruits, Vina T&T has decided to invest in a new warehouse, the largest to be built on Vietnamese soil, which will accommodate more orders, especially for popular fruits like longan and coconut.
© Vina T&T
Prices are also expected to be stable, as most products exported are available all year round. With the company’s efficient supply chain operations, orders from the US are fulfilled in a span of three days. This will be supplemented by the completion of a new warehouse which is expected to commence operations by the end of the year.
Vina T&T is a fruit trading expert. It has dual headquarters, in the US and Vietnam. Its key pillars are its quality management system and modern food warehousing.
For inquiries: John Nguyen; Vina T&T Group; firstname.lastname@example.org
© Vina T&T
© Fresh Fruit
The outbreak of the COVID-19 has affected trade between Vietnam and China. “The last two weeks were challenging, the borders were closed and have affected our deliveries even though it’s not our main market,” said John Nguyen, Director of Fresh Fruit Vietnam. Since the outbreak in the Lunar New Year, the borders between the two countries have temporarily been closed, and truck deliveries have been diverted to ports. The company currently exports dragon fruits, coconut, potatoes, mango, and durian to its Chinese customers.
Aside from China, Fresh Fruit also exports tropical fruits to North America, Europe, South East Asia, and India. The outbreak has affected the market demand for imported fruits in these countries, which is why the volume of exported fruits is not expected to surpass last year’s performance. The summer season is also expected to halt production for some fruits, with the focus now shifting to exporting harvested produce.
The US has loosened its regulations on imported fruits, and more types are now being introduced. The outbreak in China has propelled Vietnam as the leading exporter of tropical fruits in Russia for the time being. Currently, Russia’s top imports are pomelo, taro, and ginger. New opportunities are also arising in Dubai, Qatar, and South Korea.
Freshfruit Vietnam was established by the Cao Thanh Phat Company to deliver the freshest fruits to the market. Freshfruit Vietnam is committed to precision and speed in the distribution and export of tropical fruits to countries all over the world.
© Fresh Fruit
For inquiries, contact: John Nguyen; 0084-984-300-509; email@example.com
This year’s Food and Hotel Hanoi Trade Show will take place in Vietnam November 25-27, 2020. “Food & Hotel Hanoi 2020 is projecting 150 exhibitors from 13 countries/regions with 9000+ attendees from 30 countries/regions,” a statement for the event read. This newly USDA-endorsed trade show is set to be the most comprehensive trading platform in the region, offering exciting new opportunities to present products, promote brands, and reach new audiences in the potential market of North Vietnam’s expanding food and hospitality industry.
The USA Pavilion offers cost-effective opportunities for developing new export markets and finding buyers, greater visibility on the trade show floor, and the convenience of a professional turnkey booth package. Space is limited and expected to sell out so early registration is recommended.
Credit: Marco Verch (Flickr)
Vietnam imports US$150 million of fresh fruits and vegetables every month, with shipments soaring from the US and Australia. This influx has led to exotic fruits becoming less pricy and fuelling further demand. The General Department of Vietnam Customs reports that the main sources were the US and Australia with imports rising over the past ten months by almost 70%. Shipments of fruits from South Africa rocketed by 39%, while those from New Zealand were up 38%, those from China climbed 36% and those from Chile increased 21%.
The volume of fresh blueberries imported from the US by air has reached 350 tons this year. In the face of the larger supplies, prices have tumbled, with the average price per kilo of blueberries falling 40% since last year and Australian Navel orange prices plummeting 35%
The prices of other exotic fruits have seen similar patterns, such as New Zealand’s kiwis and apples, US grapes, Australian mandarins and South African pears.
Vingroup has announced that its retail and agriculture divisions (VinCommerce and VinEco) are to merge with Masan Consumer Holdings to establish Vietnam’s largest retail group. The new company will have a network of 2,600 VinMart and VinMart+ stores in 50 provinces, as well as VinEco’s 14 high-tech farms. Masan’s chairperson, Truong Cong Thang, said, “Vingroup has completed its mission to create the pioneer and most effective clean agriculture and retail system in Vietnam. And now we will carry this flag to continue our mission to serve consumers while ensuring a fair retail market for Vietnamese manufacturers.” The new firm also harbours plans to extend its business worldwide.
Although Vietnam and South Africa already have strong trade ties, the Vietnamese are asking South African officials to open their market further for its fresh produce exports, which include dragon fruit, lychee, longan, rambutan and star apple. Bilateral trade between the two countries was worth over US$1 billion in 2018, and, in 2019, the figure had already reached US$951 million by September, with Vietnam showing a net surplus. Vietnamese deputy minister of industry and trade, Cao Quoc Hung, highlighted the many similarities the two countries share in terms of agricultural production but also their great potential to complement one another’s productions.
TAGS: Vietnam, South Africa
Vietnam looks set to allow Chile access for its cherries and grapefruit. This is great news for Chile given that record volumes of cherries are expected for the coming campaign, according to Chilean Fruit Exporters Association’s (ASOEX) Cherry Committee. Delegates from the two countries met on 16 October to move the agreement forward. Those present also discussed opening protocols for exporting Chilean blueberry and kiwi. Chile’s deputy secretary of agriculture, Alfonso Vargas, highlighted the potential of the Vietnam market: “Vietnam, with more than 95 million inhabitants and a potential growth of its middle class, is a great destination for fruit exports from our country.”
In light of the ongoing trade war with China, the US is exploring openings in other Asian markets. As part of this strategy, the US Department of Agriculture sent delegates from fresh produce organisations to Ho Chi Minh City (Vietnam) from 15 to 18 October to meet counterparts from Vietnam, Thailand and Myanmar. Delegates include representative of the Almond Board of California, California Blueberry Commission, Oregon Berry Packing and Coconut King Miami Beach.
Ted McKinney, under-secretary for trade and foreign agricultural affairs, said, “The size of this trade mission delegation speaks to the phenomenal potential that exists for US exporters in Vietnam and surrounding countries. Since the United States normalised relations with Vietnam in 1995, our agricultural exports have grown exponentially, reaching a record US$4bn last year. Sales of US food and farm products to Thailand and Myanmar also set records in 2018, topping US$2.1bn and US$126m, respectively.”
TAGS: US, Vietnam, Asia, trade delegation
From 13 – 15 August 2020, companies from across the entire fresh produce sector – from global players to small and medium-sized companies, and organisations from all over the world – will again be present in HoChiMinh City, Vietnam for the Vietnam International Trade Fair for Fruits & Vegetables. The event has space for every single sector of the fresh produce business and provides a complete picture of the latest innovations, products and services at every link in the international supply chain. It thus offers superb networking and contact opportunities to the key decision-makers in every sector of the industry.
The Indian and Vietnamese markets have opened to Argentine lemons, although phytosanitary protocols still need to be settled before exports can begin at the end of the 2019 campaign. Argentina is working on lowering the tariffs required by India, which currently stand at 30%. As a result of this tariff, India will not immediately become an important market, but in the long-term, given its enormous population, Argentina spies great prospects on the subcontinent. For now, Indians are not used to consuming yellow lemon, but rather a kind of lime, similar to the Tahiti lime. Therefore, as consumer trends change, the prospects for Argentina’s lemons will improve. Meanwhile, Vietnam has lower tariffs and more established consumption patterns.