Durian exports forecast to top 3 billion USD in 2024
Vietnam earns more than 1.3 billion USD from shipping durian abroad in the first six months of 2024 (Photo: baocongthuong.vn) |
Deputy Director of the Plant Protection Department under the Ministry of Agriculture and Rural Development Nguyen Quang Hieu stated that the General Administration of Customs of China has to date licensed over 700 growing area codes and nearly 200 packaging codes for Vietnamese businesses to export the fruit to this market.
Insiders believe in a bright prospect for durian export to China though the world’s largest durian consumer is expanding the cultivation of this fruit.
Vinafruit said a protocol on the official export of frozen durian to China is being promoted and likely to be announced soon.
China spends about 1 billion USD on importing frozen durian every year. If Vietnam can export this type of product via the official channel to the neighbouring market and hold a 30% market share, it can earn some 300 - 500 million USD in revenue, equivalent to about 10% of this year’s estimated durian export turnover, according to the association.
It added that Vietnam harvests durian all year round, which is a competitive edge for the country’s businesses. After southeastern provinces, localities in the Central Highlands region will enter the main harvest season in August.
This year, durian prices are likely to surge twice or thrice compared to current prices as traders may rush to purchase the fruit for export, the association predicted.
See also
Rice exports expected to exceed 5 billion USD target
17:04 | 06/10/2024 Major exports
Vietnam's rice export turnover up 23.5% in nine months
17:16 | 05/10/2024 Major exports
Vietnam earns over 7 billion USD from fishery exports in nine months
09:11 | 04/10/2024 Major exports
Vietnam's fruit, vegetable exports near 7 billion USD target
11:04 | 01/10/2024 Major exports
Rubber industry implements green growth to promote exports
09:08 | 30/09/2024 Major exports
Việt Nam's wood exports rise, but challenges from market and natural disasters persist
09:31 | 27/09/2024 Major exports
See more news
Vietnam wins bid to export rice to Indonesian market
09:30 | 26/09/2024 Major exports
Việt Nam's durian dominates fruit exports, outpacing dragon fruit
16:59 | 25/09/2024 Major exports
Nine-month timber and wood product exports see robust growth
10:24 | 25/09/2024 Major exports
Export price of Vietnamese Robusta coffee beans shoots up globally
09:42 | 24/09/2024 Major exports
Pangasius exports skyrocket, likely to fulfill US$2 billion export target
14:32 | 23/09/2024 Major exports
Fruit and vegetable exports tipped to grow strongly
15:58 | 22/09/2024 Major exports
Vietnam's rubber exports reach 1.7 billion USD in eight months
17:54 | 21/09/2024 Major exports
Vietnam's frozen durian exports to China could reach 300 mln USD in 2024: Official
09:58 | 20/09/2024 Major exports
More Tra fish exporters exempt from US anti-dumping tax
09:43 | 20/09/2024 Major exports
Pepper exports to Germany skyrocket in eight months
15:39 | 19/09/2024 Major exports
Ca Mau Province accelerates public investment disbursement
17:29 | 11/10/2024 Investment
East Asian Summit calls for cooperation to enhance mutual understanding
17:22 | 11/10/2024 Cooperation
PM attends 12th ASEAN-US Summit in Vientiane
17:18 | 11/10/2024 News and Events
Vietnam ready to turn off 2G service
16:34 | 11/10/2024 Science - Technology
WTO highlights Vietnam’s role in restructuring of global supply chains
14:37 | 11/10/2024 Trade
Multimedia
Hanoi Liberation: Important milestones
15:39 | 09/10/2024 Infographic
Vietnam makes active contributions to ASEAN development
09:15 | 09/10/2024 Infographic
France becomes Vietnam's 8th Comprehensive Strategic Partner
08:57 | 08/10/2024 Cooperation
Two historic battles of the capital’s armed force and people
09:53 | 07/10/2024 Infographic
Numerous cultural, tourism activities to welcome 70th Hanoi’s Liberation Day
10:43 | 05/10/2024 Infographic
Multiple laws under review for revisions
08:55 | 11/10/2024 Policy
Top leader attends Hà Nội's Liberation Day anniversary, highlights potential to drive growth
20:31 | 10/10/2024 Policy
Vietnam, Cuba bolster defence cooperation
16:36 | 10/10/2024 Policy
NA urges capital market revitalisation
20:15 | 09/10/2024 Policy
MoIT approves price framework to purchase electricity from Laos
08:38 | 11/10/2024 Energy
Foreign investors interested in green development, semiconductor industry in Vietnam
17:34 | 09/10/2024 Industry
Việt Nam seeks Japan's cooperation in hydrogen energy development
14:33 | 09/10/2024 Energy
Việt Nam's industrial production saw positive growth in nine months
14:20 | 08/10/2024 Industry
Ca Mau Province accelerates public investment disbursement
17:29 | 11/10/2024 Investment
HCM City approves US$9b Cần Giờ coastal urban development project
10:04 | 11/10/2024 Investment
Bac Ninh leads nation in FDI attraction in nine months
18:05 | 09/10/2024 FDI
Total social investment capital disbursed in nine months up 6.8%: GSO
14:41 | 08/10/2024 Investment
PM urges WB to provide concessional loans for key infrastructure projects
08:52 | 11/10/2024 Finance-Banking
DIC Corp completes buyback of $18.6 million in bonds
09:25 | 10/10/2024 Finance-Banking
Update on exclusive partnership between Manulife Vietnam and Techcombank
14:52 | 08/10/2024 Finance-Banking
VPBank, LOTTE C&F cooperate to provide financial service with “Buy now pay later” product
09:31 | 07/10/2024 Finance-Banking
Leveraging power of community to protect unique Yok Đôn ecosystem
14:49 | 09/10/2024 Environment
Little cooperation from zoo operators in mass deaths of tigers, lions, panther: authorities
09:18 | 08/10/2024 Environment
Issuing “passports” for forest visits
22:12 | 05/10/2024 Environment
Vietnam’s forestry sector leads in achieving net negative emissions
09:16 | 04/10/2024 Environment
Vietnam ready to turn off 2G service
16:34 | 11/10/2024 Science - Technology
Digital infrastructure strategy approved
09:50 | 11/10/2024 Science - Technology
Vietnam, India seek further development through sci-tech cooperation
09:46 | 11/10/2024 Science - Technology
Digital transformation creates new momentum for national development
16:35 | 10/10/2024 Science - Technology
Implementation of Red River Delta Region Planning approved
09:00 | 11/10/2024 Society
Nine Vietnamese universities make global rankings 2025
17:05 | 10/10/2024 Society
Hanoi develops as dynamic, pioneering, innovation city: Int’l media
11:33 | 10/10/2024 Metropolis
Hà Nội's remarkable transformation after 20 years
11:25 | 10/10/2024 Metropolis
Fifteen Vietnamese banks named in the global top 500 banking brands
16:24 | 10/10/2024 Vietnamese Brands
Việt Nam's second rice brand enters picky Japanese market
09:03 | 10/10/2024 Vietnamese Brands
Ben Tre to export first batch of fresh coconuts to China in October
09:41 | 08/10/2024 Vietnamese Brands
Mê Linh harnesses the potential of OCOP products
09:36 | 07/10/2024 Vietnamese Brands
Việt Nam promotes location opportunities at Busan International Film Festival
09:41 | 11/10/2024 Culture
Hanoi – World’s Leading Culinary City Destination
16:15 | 10/10/2024 Lifestyle
Pride and patriotism: the ‘expat’ view
09:19 | 10/10/2024 Culture
German Film Awards winner opens Kinofest in Hà Nội
09:16 | 10/10/2024 Culture
Hà Nội develops tour to explore Thường Tín’s craft villages
09:32 | 11/10/2024 Tourism
Vietnam Airlines promotes tourism in Germany
09:27 | 10/10/2024 Tourism
Việt Nam sees surge of tourists from visa-exempt countries in 2024
09:46 | 08/10/2024 Tourism
Cultural tourism requires more investment to become cultural industry
09:24 | 08/10/2024 Tourism