HO CHI MINH CITY, Oct 30 — The Vietnam Coconut Association (VCA) set a target of US$1 billion (RM4.76 billion) in export revenue at its second congress for the 2023-2028 tenure held recently, Vietnam News Agency (VNA) reported.
According to VCA Deputy General Secretary Cao Ba Dang Khoa, coconut has been planted on a total area of some 200,000 hectares across the nation, generating incomes for nearly 390,000 farmer households.
Earlier, coconut’s values were not fully tapped, resulting in the export turnover of just over US$100,000 in 2009, he said, adding during its first tenure of 2010-2023, the VCA has recommended policies and orientations to develop the coconut industry to competent ministries and sectors, while connecting with food, handicraft and plantation industries to improve coconut products’ competitiveness.
Additionally, the association has accompanied farmers and enterprises to better production capacity, helping affirm coconut brands and prestige in the domestic and foreign markets, thus increasing export revenue, he stressed.
Last year, Vietnam shipped US$940 million worth of coconut-based and coconut-related products.
In the first months of 2023, export revenue experienced a sharp fall due to global headwinds; however, from the second quarter, robust signs have loomed on the horizon, with the United States (US) and the European Union (EU) allowing imports of Vietnamese coconut, and China considering official import of the fruit.
Vietnam is now home to 90 coconut businesses, 42 of which produce coconut-based goods.
Besides Ben Tre, which is considered the country’s coconut capital, other localities have zoned off hundreds of hectares of land for coconut farming, including Long An, Tay Ninh, Khanh Hoa, Binh Thuan and Binh Dinh.
— Bernama-VNA
