Tiếng Việt1. Introduction to Vietnam’s Coconut Export Industry
Vietnam’s coconut export industry has grown significantly in recent years, becoming one of the key agricultural commodities with high export value. Vietnam’s coconut products not only include fresh coconuts but also coconut water, desiccated coconut, coconut oil, and other processed products that cater to demanding global markets.
According to the Ministry of Agriculture and Rural Development, Vietnam currently has approximately 200,000 hectares of coconut plantations across 15 provinces, with an annual production estimated at 2 million tons. In recent years, Vietnam’s coconut exports have expanded to many countries, particularly large markets such as China, the U.S., the EU, and South Korea.
Use ingredients from sustainable coconut sources and apply environmentally friendly production methods.
2. Potential and Export Markets for Vietnamese Coconuts
Exports to China: China has become a key market for Vietnam’s coconut exports. Since the market opened in August 2023, Vietnamese fresh coconuts have been officially authorized for export to China. This has created a huge opportunity for domestic coconut enterprises, with forecasts predicting that exports to China could reach USD 250 million by the end of 2024.
International Markets: In addition to China, Vietnamese coconut products are also exported to over 100 countries and territories, including demanding markets such as the U.S., the EU, Japan, and South Korea. Vietnamese coconut products are highly valued for their quality, especially the Thai coconut variety, known for its sweet and refreshing taste.
3. Recent Trends in Vietnamese Coconut Exports
Impressive Growth: In 2023, Vietnam’s fresh coconut exports achieved favorable results. According to the Vietnam Coconut Association, the export turnover of the coconut industry exceeded USD 1 billion, with 30,000 tons of fresh coconuts and 320,000 tons of processed coconut products exported. By the end of 2024, exports of coconuts and processed products are expected to reach around USD 1.2 billion, an increase of 15-20% compared to 2023.
Ben Tre Province – The Coconut Export Hub: Ben Tre, known as the “coconut capital” of Vietnam, plays a vital role in supplying raw materials for the coconut export industry. In the first nine months of 2024, Ben Tre province exported 22 million coconuts to markets such as the U.S., Japan, the EU, and South Korea, with an export value of USD 500 million.
Vietnamese coconut products are highly appreciated for their good quality, especially the Siamese coconut variety, with its sweet and refreshing taste.
4. Future Prospects of Vietnam’s Coconut Export Industry
With substantial potential from the Chinese market and the EU, Vietnam’s coconut export industry is expected to continue strong growth in the coming years. However, to sustain this growth, enterprises in the sector need to improve technology, maintain product quality, meet strict food safety and quarantine standards, and enhance international marketing strategies.
The Vietnamese coconut export industry is poised for strong development, with major opportunities in international markets, especially China. However, the industry also faces challenges regarding technology, quality, and competition from other countries. Building a strong brand and sustainable development will be key to positioning Vietnamese coconuts on the global export map.
5. Coconut Exports by Viet Thien Phu: A Success Story
Viet Thien Phu aims to expand export markets and enhance the value of Vietnamese coconut brands in the international arena.
Viet Thien Phu Company is currently exporting a diverse range of coconut products to over 30 countries and territories worldwide. Key markets include China, the U.S., the EU, Japan, and Southeast Asian countries. Recently, Viet Thien Phu signed several official export contracts with partners in China and the U.S., expanding the distribution channels for Vietnamese coconuts in these demanding markets.
The company applies a strict quality management system, from selecting raw materials to the production and packaging process. Viet Thien Phu’s coconut products are made from fresh coconuts grown according to organic standards in famous coconut-growing regions such as Ben Tre, Tra Vinh, and the Central Provinces.
Additionally, the company has invested in advanced processing technologies to improve product quality and enhance product value.