Vietnamese passion fruit licensed for export to Australia
Passion fruit is the fifth fresh Vietnamese fruit licensed to enter the Australian market, following mango, longan, lychee, and dragon fruit.
A ceremony to announce the export of Vietnamese passion fruit to Australia and Australian plum to Viet Nam took place in Ha Noi on September 9.
The event was jointly organized by the Plant Protection Department, under the Ministry of Agriculture and Rural Development (MARD), and the Australian Embassy in Viet Nam.
Speaking at the event, head of the Plant Protection Department Huynh Tan Dat said, Vietnamese fruits have been exported to over 60 nations and territories over the world.
Viet Nam's fruit export revenue hit US$4.63 billion in the first eight months of 2024, representing an increase of 30.6 percent compared to the same period last year, thanks to the opening of several key markets.
According to the MARD, Viet Nam currently has nearly 9,500 hectares of land under passion fruit cultivation, producing nearly 190,000 tonnes annually. Passion fruit is among the 18 fruit varieties with an annual production output exceeding 100,000 tonnes. Notably, 80 percent of the annual harvest is purchased by enterprises for processing and export.
Viet Nam ranks among the top 10 largest producers and exporters of passion fruit in the world, after Brazil, Colombia, Ecuador, and Peru.
The Vietnamese fruit is being exported to markets with stringent quality, phytosanitary, and food safety requirements, such as France, Germany, the Netherlands, South Korea, China, and Switzerland.
Remarkably, Vietnamese passion fruit is available in 20 countries, in many forms such as fresh fruit, frozen fruit, and juice.
Australian Ambassador to Viet Nam Andrew Goledzinowski said, in the coming time, the two countries will continue to complete procedures so that Vietnamese grapefruit and Australian blueberries will be available in each side's market.
Bilateral trade turnover reached US$13.8 billion in 2023, making Australia the 10th largest trading partner of Viet Nam, while Viet Nam ranks 7th among Australia's largest trading partners./.
Export is a direct motivation with the largest impact on Viet Nam's economic growth now. The improved purchasing power in developed countries has had a noticeable impact on Viet Nam's economy. Exports to the U.S., the European Union (EU), South Korea, and Japan have all bounced back over the recent months of this year.
Official statistics showed that trade between the Southeast Asian nation and the rest of the world were estimated at US$70.11 billion in July and US$70.65 billion in August.
If the current growth momentum is maintained, this year's import and export value will set a new record, surpassing the US$732 billion mark recorded in 2022. It should be noted that 2022 is a record year for Viet Nam's foreign trade, but no month saw import-export turnover reaching US$70 billion.
During January-August, the total export value witnessed a year-on-year increase of 15.8 percent, achieving US$265 billion.
Continuing the positive trend in recent months, the nation's import value hit US$246 billion in eight months, up 17.7 percent. Remarkably, Viet Nam spent US$230.95 billion on importing production materials, making up 93.9 percent. In the reviewed period, the country's trade surplus reached US$19.07 billion.
Insiders said that with positive economic forecasts from developed markets and increasing imports from the U.S., Viet Nam's exports are expected to exceed US$790 billion by the end of this year.
Regarding the structure of exported goods, agricultural products and minerals accounted for only 12 percent while the group of industrial goods made up over 88 percent, said Le Quoc Phuong, deputy head of Viet Nam Industry and Trade Information Center, under the Ministry of Industry and Trade.
The increase in exports is mainly attributed to the rise in exports of industrial goods, reflecting the goals set by import-export strategies and plans, he shared.
According to the latest report released by the S&P Global, Viet Nam Manufacturing Purchasing Managers' Index (PMI) stood at 52.4 in August, signaling a solid monthly improvement in terms of business conditions midway through the third quarter.
The improvement recorded in the health of the sector reflects further rapid increases in output and new orders, with respective rates of expansion remaining sharp despite easing from the particularly elevated rates seen in June and July.
Improvements seen in customer demand resulted in growth of new orders, prompting firms to expand production. In some cases, the relative stability of prices helped firms to secure new business, while there were also mentions of improving international demand, and new export orders rose for the fifth month running.
Manufacturers remain optimistic that output will increase over the coming year, based on expectations of further improvements in customer demand and new orders, the S&P Global noted.
According to the World Bank, Viet Nam's goods and services export value is equivalent to 94 percent of its GDP, ranking 14th globally./.
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