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ECONOMYTRADE - SERVICE

Vietnam, Korea fresh fruits firms boost cooperation

Updated at Sunday, 26 Nov 2017, 17:21
The Hanoitimes - Vietnamese and South Korean fresh fruits firms on November 24 gathered at a business seminar to further boost the cooperation between the two sides.
Addressing the seminar, Lee Sun Nyeong, deputy general secretary of the Korea Agriculture Food Trade Association (KAFTA) and CEO of Hyunjin World, said Korean exports of pears and apples to Vietnam have soared in the past years. Korea’s pear exports to Vietnam surged by 9,440 times in the 2011-16 period, from US$52,000 in 2011 to $4.96 million last year.
Its apple exports to Việt Nam also went up by 928.8 per cent in the period, from $66,000 to $679,000.
Cao Thi Quynh Giao, director of Lam Khai Hoan Co.Ltd, said her company imports about two to five containers (each container having a loading capacity of 600kg) of pears and apples from South Korea to distribute to supermarkets in Vietnam.
Many Vietnamese consumers are fond of Korea’s pears due to its good quality and reasonable prices, she said.
Korean exports of pears and apples to Vietnam have soared in the past years.
Korean exports of pears and apples to Vietnam have soared in the past years.
Her company plans to import more pears and Fuji apples from Korea, kiwi from Australia and gala apple from the US, she said.
Ta Minh Thanh, deputy director of Tu Son Supermarket in Chau Doc, An Giang Province, said the supermarket started to sell Korean pears and apples two and half years ago, with sales of pear very good.
“We are here to meet Korean firms as we want to find suppliers of holiday apple/pear gift boxes to serve customers on the occasion of Lunar New Year holiday,” he said.
Lee Soon Nyung, head of Korea Apple Export Association and managing director of Hyun Jin Corporation, said Korea exports about 25,000 tons of pears a year, with the US (10,000 tons), Taiwan (10,000 tons) and Vietnam (2,000 tons) being three biggest export markets.
It exports about 3,400 tons of apples a year, of which 2,000 tons is exported to Taiwan and 300 tons to Vietnam.
As Vietnam does not cultivate pears and apples, many businesses have imported them from other countries to supply in the market. Vietnamese people are fond of Korean fruits, especially apples and pears, he said.
“Vietnam is a very potential market. We want to export more apples and pears as well as other kinds of fruits into Viet Nam.”
“The business meeting today will help us understand more about requirements of our Vietnamese partners so as we can satisfy their demand.”
Lee Sun Hyung from Gyeong Buk Corporation said Vietnam is an emerging market for Korea’s fruits.
Many Korean companies as well as his company have prepared high-grade pear and apple gift boxes with nice design, hoping that the products will be consumed well in Vietnam in the future, he said.
Organized by the KAFTA and the Vietnam Chamber of Commerce and Industry, the Vietnam -Korea business seminar helped businesses of the two countries exchange information on import-export situation, prices, and quality of products as well as difficulties accounted during the import process.
The FAFTA said it plans to invite Vietnamese fruit importers to visit South Korea to understand more about the production process of the fruits as well as discuss business opportunities.
Statistics from the Ministry of Agriculture and Rural Development showed that Vietnam imported vegetables and fruits worth US$1.02 billion in the first eight months of 2017, a year-on-year increase of 94 per cent. Of which, the import value of vegetables was around $200 million, while fruits imports were more than $800 million, double the same period last year.
​Phuong Thao
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