Vietnam's Coconut Industry on the Rise

With over 200,000 hectares dedicated to coconut cultivation, Vietnam has positioned itself as a key player in the global coconut market. The Ministry of Agriculture and Rural Development has included coconut in the national program for industrial crop development by 2030, signaling strong governmental support for the sector. From $180 million in 2010, coconut export revenues soared to $900 million in 2023, with projections to exceed $1 billion in 2024.

Global Recognition and Production

Ranking sixth among the top coconut-producing countries, Vietnam boasts an annual output of nearly 2 million tons. The country's coconut quality and yield are among the best globally, with coconut meat and water percentages surpassing the global average. Dr. Tran Thi My Hanh from the Southern Horticultural Research Institute highlights these achievements as a testament to Vietnam's agricultural prowess.

Coconuts harvested in the Mekong Delta province of Ben Tre. Photo by VnExpress/Hoang Nam

Ben Tre: The Coconut Capital

Ben Tre province, with over 80,000 hectares of coconut cultivation, is the heart of Vietnam's coconut industry. It accounts for 42% of the country's total coconut area, providing a sustainable livelihood for over 200,000 rural households. The shift from rice to coconut farming has significantly boosted incomes, with Ben Tre's coconut products expected to generate $500 million in export revenue in 2024.

China: A Lucrative Market

China's vast population and high demand for coconut-based products present a golden opportunity for Vietnam. Proximity and free trade agreements give Vietnam a competitive edge in this market. With China's domestic production unable to meet its consumption needs, Vietnam's coconut exports are poised to fill this gap.

Maximizing Coconut Value

Experts emphasize the importance of strict production and export management to sustain growth. The approval of Vietnam’s fresh coconut exports to China has opened new economic opportunities. However, maintaining success requires government and producer collaboration to uphold standards and combat fraud. Beyond fresh fruit exports, by-products like coir and activated carbon offer additional revenue streams. Investment in quality coconut varieties and processing infrastructure is crucial for maximizing the industry's potential.