Vietnam is in need of major investors in fruit and vegetable production in order to boost processing, especially in the packaging and post-processing stages, to preserve products for longer and enhance their value.
The information was released by General Secretary of the Vietnam Association of Vegetables Đặng Phúc Nguyên, who said that at the same time businesses needed to gradually improve their techniques to meet the needs of various markets. Nguyên said Việt Nam’s agricultural production was mostly maintained at small scale within households using manual farming methods and limited mechanisation and processing, so most exported products were still raw, bringing low value and profit.
Statistics from the Ministry of Agriculture and Rural Development (MARD) showed that the value of fruit and vegetables exported in the first two months of this year was estimated at US$513 million, down 11.9 per cent year-on-year.
In February, the domestic market saw prices fall for various vegetables, especially those from Đà Lạt, which is the country's vegetable hub, in the southern province of Lâm Đồng.
For some including dragon fruit, jackfruit and durian, prices plummeted by five-six times early last month due to customs clearance difficulties at the China border. Prices have started to rebound thanks to a partial re-opening of the border and support from businesses to boost domestic consumption.