Vietnamese Fruit & Vegetable Exports Set to Double by 2010

Vietnam provides favorable climatic and environmental conditions for growth of fruits and vegetables. In 2008, the country exported fruits and vegetables worth around US$ 390 Million, up over 30% against 2007. The nation's fruits and vegetables are now being exported to around 50 countries and territories worldwide. China remains Vietnam's major import market accounting for 60% of the total fruits and vegetables exports from the country. Some EU countries have also begun to import fruits and vegetables from Vietnam instead of China and Thailand, says our new report, "Processed Food Market in Vietnam".

Vietnam seems to be fully committed to stimulate its fruits and vegetables exports. Despite the current global economic downturn, the country is fostering market research, stepping up trade promotion and reviewing current agricultural planning. The agricultural sector expects to double fruits and vegetables exports from a total of US$ 390 Million in 2008 to US$ 760 Million by 2010, with a long-term goal to reach an annual turnover of US$ 1.2 Billion by 2020.

To achieve this, the country is promoting cooperation and coordination among states, enterprises, scientists and farmers so that they can produce bigger volumes of fruits and vegetables with higher quality at lower costs to meet big orders from markets such as China, the United States, Japan and Australia. It is also encouraging farmers to apply an orchard-growing model in accordance with the international standard of Good Agriculture Practice. The nation's fruits and vegetables crops are expected to increase to around 1 Million hectares by 2010, with an annual output of around 10 Million Tonnes.

"Processed Food Market in Vietnam" is a comprehensive research report that comprises quality research and in-depth analysis of the processed food market in Vietnam. It studies the emerging market trends, recent developments and their impact on the market. The report will help clients to analyze leading-edge opportunities, prospective customer base, key players, expected future outlook and all the other factors which are critical for the success of a new entrant in the food processing industry of Vietnam.

For more information visit: http://www.rncos.com/Report/IM201.htm