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Domestic fruit and vegetable groups are holding domestic market share, for now

Foreign fruit imported into Vietnam increases competition

From the start of 2022 until now, on average, Vietnam imported US$160 to US$190 million of foreign fruits and vegetables (mainly fruits) monthly. It is estimated that the import turnover of foreign fruits and vegetables in the first six months of the year reached nearly $1 billion. This fact also significantly increases the competitive pressure of foreign fruits and vegetables with domestic agricultural products.

General Director of Saigon Co.op, Nguyen Anh Duc, said that recently, Co.opmart and Co.opXtra supermarkets across the country, in turn, put on shelves a large number of cherries imported directly through the official channels from the USA’s California.

There is a huge price difference between domestic and imported vegetables. Currently, domestic fruit and vegetable groups are still holding the domestic market share, but many businesses believe that the import turnover of imported fruits and vegetables will increase. Based on the free trade agreements that Vietnam has signed, export markets apply zero percent export tax on Vietnamese agricultural products, while Vietnam also applies this tax to imports of member countries.

Source: sggpnews.org.vn


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