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Vietnamese markets flooded with foreign fruit

Vietnamese markets flooded with foreign fruit
Illustrative photo by the Voice of Vietnam

Vietnam's fruit imports skyrocketed  in the first seven months of the year following a series of free agreements that have slashed import duties.

Fruit imports cost the country $420.74 million in the first seven months, jumping 36.4 percent on-year, the Voice of Vietnam reported on Sunday, quoting data from the Ministry of Industry and Trade.

Thailand was the country's main supplier in that period with import value of $163 million, up 70 percent on-year, followed by China with $102.52 million (up nearly 30 percent), and the U.S. $41.2 million. Notably, imports from Australia surged 212 percent to $24.6 million.

According to Lang Son Province's Customs Department, Vietnam imported 4,800 tons of small mangoes through Lang Son’s Tan Thanh Border Gate with China from February 1-August 1 this year. The declared import price at Tan Thanh was around $160/ton or VND3,600 (16 cents)/kg, but the fruit was sold for up to VND35,000/kg in Ho Chi Minh City.

Vietnam has abolished import taxes for most fruit from China and ASEAN nations under the ASEAN-China FTA and the ASEAN Trade in Goods Agreement.