Vietnamese importers to reduce purchases for Tet celebrations as they fear lower demand

Vietnamese fruit and food importers expect lower demand during Tet (Lunar New Year) next February due to the impact of the COVID-19 pandemic, they are therefore planning to reduce imports. A company in Binh Thuan province said it has decided to cut fruit imports between now and Tet by 50 percent compared to the same period last year.

Pham Thien Hoang, Director of Pham Hoang Trang Company (which owns GreenSpace Store), expressed a different opinion, saying Tet is the season for consuming fresh fruits such as apples and cherries in the high-end segment.

But their prices have increased significantly this year because the cost of harvesting the fruits in major exporting countries of the fruits such as the US, Australia, and New Zealand have gone up by two to three times due to the impact of COVID-19, and there is a lack of international flights.

Fresh fruit imports are expected to reduce this Tet, while the supply of imported nuts such as pistachios, almonds, walnuts, and pecans will surge, he said.


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