Mr. Le Hoang Tai, Deputy Director of the Trade Promotion Department, said that among Vietnamese spices, pepper has been very famous in the world market and accounts for the highest proportion of exports in Vietnamese spice and flavoring products.
Although the Covid-19 epidemic caused many difficulties, Vietnam’s pepper exports remained stable. To date, Vietnamese pepper has been present in 110 countries and territories around the world. The volume of pepper Vietnam exports now accounts for 60% of the world’s pepper exports.
Mr. Le Hoang Tai said that, in order to have a competitive advantage in the world’s spice and flavoring market, after Vietnam controlled the situation. In the form of Covid 19, localities and businesses need to plan to restore production and application of advanced technologies for processing, develop a variety of products, take advantage of incentives from the new generation free trade agreements Vietnam has recently participated in to boost exports.
In order for Vietnam’s spices and flavorings to be successfully exported to the world, businesses need to apply science and technology, can study development product development; Learn the taste of countries to make products that meet the tastes of this market. For the European market, Mr. Pham Van Hien, Director of LTP Import Export B.V Netherlands shared, for Vietnamese spices to enter the European market Businesses need to study this market carefully. In the first 8 months of 2021, pepper exports are estimated at over 197,000 tons, worth 654.6 million USD, down 2.3% in volume, but increased by 47.6% in value compared to the same period in 2020.
