Vietnam's vegetable exports set to surpass $1bn by 2030

Vietnam's vegetable export revenue is forecast to reach about $1-1.5 billion by 2030, Vietnam News Agency (VNA) reported Monday, citing a project recently approved by the Ministry of Agriculture and Rural Development.

 According to the project, the Southeast Asian country's vegetable production is set at 23-24 million tons with about 1-1.3 million tons designated for processing.

According to VNA, the country will develop safe and concentrated vegetable growing areas with clear origins in order to meet domestic and export demand, contributing to national food security, food safety and hygiene, and improving community health.

By the end of this decade, the national vegetable cultivation will cover an area of some 1.2-1.3 million hectares. Around 360,000-400,000 hectares will be dedicated to safe and concentrated vegetable production.

Among this, roughly 50,000-60,000 hectares are projected for processed vegetables, including tomato, cucumber, chilli, potato, and leafy greens.

According to the Agriculture ministry, Vietnam's fruit and vegetable export revenue hit over $4.9bn in the first 10 months of 2023, while the revenue for the whole year is predicted to surpass $5bn.