Want to be in the loop?
subscribe to
our notification
Business News
COCONUT IMPORTS SURGE 20 FOLD
Việt Nam’s fresh coconut exports increase by 14.9 per cent to $102.8 million while processed coconuts by 56.8 per cent to $203.4 million.
Coconuts processed for exports at Vina T&T in Vĩnh Long Province. Việt Nam is importing coconuts from Indonesia and exploring supply from Papua New Guinea. — VNA/VNS Photo Công Trí
HÀ NỘI — A dip in the amount of home-grown coconuts has forced domestic suppliers to look elsewhere for the fruit, causing a huge surge in imports in the first seven months of the year.
According to the Việt Nam Fruit and Vegetable Association, coconuts imports totalled US$31.2 million from January to July, representing up 1,873 per cent from a year earlier. In comparison, overall fruit and vegetable imports rose just 18 per cent to $1.45 billion.
The association’s General Secretary Đặng Phúc Nguyên said that the surge in imports comes as exports of coconuts are growing rapidly, driven by demand from China, the US and the Middle East but local output is limited, and prices are high, forcing companies to import coconuts for production.
Việt Nam is importing coconuts from Indonesia and exploring supply from Papua New Guinea.
The US has opened door for Vietnamese coconuts since 2023, and China followed in August 2024.
Việt Nam’s fresh coconut exports increase by 14.9 per cent to $102.8 million while processed coconuts by 56.8 per cent to $203.4 million.
According to Vietnam Coconut Association, domestic coconut prices hit record highs in the first half of this year, ranging around VNĐ19,000 per fruit on limited supply caused by drought in the Mekong Delta and disease in central regions.
However, the expansion of coconut plantations must follow a plan, the association said.
The association forecast fresh coconut exports this year could exceed last year’s value of $390 million.
There are more than 200,000ha of coconut in Việt Nam with an output of around two million tonnes per year. The number of coconut processing plants also rises rapidly from just eight in 2015 to 45 in 2024. — VNS
Source: VNS
Related News
MEMBER CORNER / PROMOTIONS
D’HOI CONCERT AT HOIANA – REDEEM YOUR EXCLUSIVE “BUY 4 GET 1” OFFER NOW!
We are pleased to share an exclusive cultural highlight of this summer — the D’HOI Concert. Inspired by the rhythm of the sea and the energy of Central Vietnam, D’HOI blends contemporary music, art, and coastal lifestyle into an elevated live experience. D’HOI celebrates contemporary Vietnamese creativity with dynamic staging, coastal-inspired visuals, and a lineup of rising and established artists. Join us for an unforgettable evening by the sea.
MEMBER CORNER / PROMOTIONS
EXPLORE SAIGON'S NEW CULINARY COLLECTIVE AT LEVEL 3, UNION SQUARE
Guided by a collective of talented chefs, each restaurant is defined through its cuisine, space, and attention to detail. From business lunches and evening gatherings to private occasions and curated gifting. This collection brings every dining moment into one distinctive destination – where people gather, reconnect, and share meaningful moments.
TECHNOLOGY
HCMC TARGETS COMMERCIALIZATION OF OVER 60% OF AI RESEARCH
The HCMC People’s Committee has issued a plan to implement the city’s program on artificial intelligence (AI) research and development for 2026 under the 2020–2030 roadmap. A key target is to raise the rate of direct application and commercialization of AI research outcomes and intellectual property assets to more than 60%.
VIETNAM ECONOMY INVESTMENT
HCMC SEEKS SOUTH KOREAN INVESTMENT IN FOUR SECTORS
In the next phase of its development, HCMC is prioritizing efforts to attract investment from South Korean businesses in four strategic sectors, including developing an international financial center, building AI and semiconductor ecosystems, expanding the startup and venture capital ecosystem, and advancing smart urban and green growth projects.
TECHNOLOGY
VIETNAM PRIORITIZES 70 HIGH TECHNOLOGIES, 100 NEW PRODUCTS
Starting July 1, Vietnam will prioritize investment in the development of 70 high technologies and encourage the development of 100 high-tech products as part of efforts to shape investment flows and accelerate growth in the digital economy. The policy is outlined in Decision No. 23/2026/QD-TTg issued by the prime minister, replacing Decision No. 38/2020/QD-TTg, which had been in effect for more than five years.
HOSPITALITY / TOURISM / ENTERTAINMENT
CAN THO TARGETS TOURISM REVENUE OF VND22 TRILLION BY 2030
By 2030, the Mekong Delta city of Can Tho looks to attract around 18 million visitors and generate tourism revenue of VND20–22 trillion as it seeks to make tourism a key economic sector contributing at least 10% of the city’s gross regional domestic product (GRDP). The strategic target is outlined in a newly issued resolution by the Can Tho City Party Committee on accelerating tourism development.
Events Sponsors
