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entitled "Promoting Vietnamese Pepper and Seasoning Export under EVFTA" on December 21.
At the seminar, participants believed that although Vietnam's pepper exports to important markets will decline uniformly in 2022, Vietnam is still the world's largest
pepper exporter.
In the future, the pepper industry needs to focus on improving quality and processing rate to create added value, and effectively develop the high-end market
through various free trade agreements, especially the Vietnam-EU Free Trade Agreement (EVFTA).
pepper exporter.
In the future, the pepper industry needs to focus on improving quality and processing rate to create added value, and effectively develop the high-end market
through various free trade agreements, especially the Vietnam-EU Free Trade Agreement (EVFTA).
Ms.
Hoang Thi Lian, President of the Vietnam Pepper Association, said that in 2022, pepper and other export industries in Vietnam experienced difficulties
due to inflation and economic recession in many markets and China's "zero" policy leading to reduced export production.
Hoang Thi Lian, President of the Vietnam Pepper Association, said that in 2022, pepper and other export industries in Vietnam experienced difficulties
due to inflation and economic recession in many markets and China's "zero" policy leading to reduced export production.
According to statistics from the Vietnam Pepper Association, from the beginning of this year to the end of November 2022, Vietnam's various types of pepper exported 211507 tons, with an export value of US$911.
1 million
.
Compared with the same period last year, the export volume fell by 14.
9%, equivalent to 37,015 tons, but the export value still increased by 34 million US dollars, an increase of 3.
9%.
1 million
.
Compared with the same period last year, the export volume fell by 14.
9%, equivalent to 37,015 tons, but the export value still increased by 34 million US dollars, an increase of 3.
9%.
It is estimated that Vietnam's pepper exports will reach nearly 230,000 tons in 2022, down 13%, and the export value will reach US$970 million, an increase of more than
2% over 2021.
In 2022, Vietnam's seasoning exports will reach US$1.
5 billion
.
2% over 2021.
In 2022, Vietnam's seasoning exports will reach US$1.
5 billion
.
In addition to exports, Vietnamese companies also import pepper from other countries such as Brazil and Indonesia and process it into higher-value export products
.
From the beginning of the year to the end of November, Vietnam imported 34,273 tons, a year-on-year increase of 48.
9%.
.
From the beginning of the year to the end of November, Vietnam imported 34,273 tons, a year-on-year increase of 48.
9%.
Ms Hoang Thi Lien said that despite the difficult background, the pepper industry has still made commendable achievements, indicating that Vietnam's seasoning industry is gradually gaining a foothold in the world value chain, especially in pepper exports
.
.
Due to the advantages of EVFTA, Vietnam has an advantage
over other pepper producing countries such as Indonesia, Malaysia, India, Sri Lanka, Cambodia, etc.
Specifically, the tariff rate
of Vietnamese pepper exported to European countries was reduced from 4% to zero.
In addition, the processing capacity of Vietnam's pepper industry is also highly appreciated, and the proportion of pepper processed currently accounts for about 30%
of total exports.
over other pepper producing countries such as Indonesia, Malaysia, India, Sri Lanka, Cambodia, etc.
Specifically, the tariff rate
of Vietnamese pepper exported to European countries was reduced from 4% to zero.
In addition, the processing capacity of Vietnam's pepper industry is also highly appreciated, and the proportion of pepper processed currently accounts for about 30%
of total exports.
However, Ms.
Wong believes that the pepper industry has not yet fully tapped the potential
of various markets, especially the EU market.
There is a high demand for pepper in Europe, but Vietnamese exporters are only focusing on a few major markets such as Germany, the United Kingdom, the Netherlands, and other countries, especially Eastern European markets, are still ignored
.
(End)
Wong believes that the pepper industry has not yet fully tapped the potential
of various markets, especially the EU market.
There is a high demand for pepper in Europe, but Vietnamese exporters are only focusing on a few major markets such as Germany, the United Kingdom, the Netherlands, and other countries, especially Eastern European markets, are still ignored
.
(End)
