Eng English
China 中国人

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
  • Trở lại Thể thao
  • Business
Friday, 18/7/2025 | 14:10 GMT+7

Banana and passion fruit exports aim for $1 billion mark

Banana and passion fruit exports, currently generating nearly 700 million USD annually, are expected to reach the 1 billion USD milestone this year if Vietnam invests strategically and expands cultivation areas.

Following durian, which brings in billions of USD annually for Vietnam, bananas and passion fruit are expected to become key export fruits, generating billions of USD. This expectation was highlighted at the "Solutions to Enhance Competitiveness and Promote Export of Advantageous Fruit Products: Passion Fruit, Banana, Pineapple, and Coconut" forum held on 18/7 in Ho Chi Minh City.

According to the Department of Crop Production (Ministry of Agriculture and Rural Development), Vietnam has over 1.3 million hectares of fruit trees, with a total output of about 15 million tons annually. Bananas account for 161,000 hectares, with export revenue reaching nearly 380 million USD in 2024, making Vietnam the 9th largest banana exporter globally. Vietnamese bananas are present in demanding markets like South Korea, Japan, the EU, the US, and China.

However, the average income from banana cultivation is currently only around 2,400 USD per hectare (62 million VND), far below its potential. Aiming to increase this to 20,000 USD per hectare, Unifarm, led by CEO Pham Quoc Liem, is implementing a high-tech banana farming model.

Instead of tailoring quality to each market, Unifarm maintains a consistent set of standards from variety selection and cultivation to harvesting and traceability. Liem believes that if the entire industry agrees on large-scale, systematic production with technology application, bananas could become a billion-dollar industry, potentially exceeding 4 billion USD in the long term.

Banana processing and packaging facility of Hoang Anh Gia Lai in Gia Lai. Photo: *Thi Ha*

Similar to bananas, passion fruit is also emerging as a "new star" in agricultural exports. Nguyen Manh Hung, Chairman of Nafoods, noted that in just a decade, the passion fruit industry has grown from zero to hundreds of millions of USD in annual revenue, with purees and concentrates alone contributing about 300 million USD. "If the Chinese market fully opens and the industry is strategically planned, passion fruit could reach the 1 billion USD mark," Hung stated.

Vietnam is currently negotiating for official passion fruit export to the US and has submitted technical dossiers to South Korea and Thailand. However, the industry still faces challenges: inconsistent cultivation areas, unstable seed quality, and overuse of pesticides.

To address these issues, Hung proposes four key solutions: reasonable planning of cultivation areas, seed quality control, stricter pesticide management, and production reorganization for better management of small-scale farms.

Pineapples and coconuts are also considered high-potential products. According to Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, the nearly 29 billion USD global pineapple market, with a growth rate of about 6.3% annually, presents a significant opportunity. Doveco's pineapple concentrate is currently exported to over 50 countries and is highly regarded.

To enhance competitiveness, Nguyen suggests addressing the biggest bottleneck, land access, through leasing, auctioning, and equitizing public land. Investment in varieties, irrigation, and technology is also crucial for the industry's growth.

However, according to the Department of Crop Production, several internal challenges hinder the breakthrough of Vietnamese fruit. These include pesticide violations, incorrect labeling, loose management after granting area codes and packaging facility codes, leading to warnings or code revocations from the Chinese market. To overcome these, the department proposes reorganizing production with cooperatives as the core, increasing on-site monitoring, and enhancing the capacity of local officials and businesses in complying with international standards.

According to Ngo Quoc Tuan from the Post-Import Plant Quarantine Center II, to achieve a breakthrough, the fruit industry needs to shift its focus from increasing output to improving quality, building brands, and investing in technology.

He emphasized the crucial role of compliance with quarantine regulations, especially for the Chinese market, which has strict requirements for both input and output, particularly in packaging and labeling. "Businesses must also work closely with cooperatives to maintain area codes and ensure traceability, which are prerequisites for long-term market retention," Tuan said.

Thi Ha

By VnExpress: https://vnexpress.net/xuat-khau-chuoi-chanh-day-ky-vong-dat-ty-usd-4915946.html
Tags: banana export solutions coconut passion fruit durian

News in the same category

Dong Thap chili peppers fermented into million-dollar success

Dong Thap chili peppers fermented into million-dollar success

Witnessing fluctuating chili prices and farmers abandoning their fields due to losses, Nguyen Thanh Hien experimented with chili fermentation technology, bringing the Chilica brand to 13 countries and earning 35 billion VND in the first half of 2025.

Trump's pressure campaign on the Fed

Trump's pressure campaign on the Fed

Over the past few months, the former US president has repeatedly attacked the Fed, threatened to sue and fire Chairman Powell, and called for a governor to resign.

VietinBank's keys to accelerating digital transformation

VietinBank's keys to accelerating digital transformation

Building a dedicated data and artificial intelligence division, applying AI and technology to operations, and fostering a data-driven culture are three key factors propelling VietinBank's digital transformation journey.

Gold price surpasses 125 million VND per tael

Gold price surpasses 125 million VND per tael

The domestic gold price has reached a record high of 125.4 million VND per tael.

Heineken Vietnam reaffirms commitment to Ho Chi Minh City's growth

Heineken Vietnam reaffirms commitment to Ho Chi Minh City's growth

With two key breweries in Ho Chi Minh City, Heineken Vietnam has consistently ranked among the city's top taxpayers.

Global gold price surges

Global gold price surges

A weaker US dollar and the minutes from the Fed's July meeting helped gold rise by over 30 USD on 20/8.

AI transformation challenges for Southeast Asian businesses

AI transformation challenges for Southeast Asian businesses

International and local experts will address the challenges impacting AI transformation for Southeast Asian businesses at CEO Talks 2025 on 27/8.

Hanoi office spaces for rent from 10 million VND per month

Hanoi office spaces for rent from 10 million VND per month

Vik Group launches a real estate office rental model starting at 10 million VND per month to reduce rental costs for startups.

MSB and Vietnam Airlines partner to enhance customer experience

MSB and Vietnam Airlines partner to enhance customer experience

Maritime Bank (MSB) has partnered with Vietnam Airlines to expand its service ecosystem and increase benefits for customers.

Hobi showcases new interior and exterior materials at Vietbuild 2025

Hobi showcases new interior and exterior materials at Vietbuild 2025

Hobi Vietnam presented various interior and exterior material solutions and showcased its manufacturing capabilities from its Phu Tho factory at the Vietbuild 2025 International Exhibition in Ho Chi Minh City.

Eng English
China 中国人
  • News
  • World
  • Business
  • Entertainment
  • Sports
  • Law
  • Education
  • Health
  • Lifestyle
  • Travel
  • Science
  • Digital
  • Automobiles
FPT Tower, 10 Pham Van Bach Street, Dich Vong Ward,
Cau Giay District, Hanoi, Vietnam
Email: contacts@vnportal.net
Tel: 028 7300 9999 - Ext 8556
Advertise with us: 090 293 9644
Register
© Copyright 2025 vnnow.net. All rights reserved.
Terms of use Privacy policy Cookies