Viet Nam is one of the major spice producers and exporters in the world, of which exports account for about 11 per cent of the global market share last year, according to ITC.
Accordingly, for Viet Nam, spices that were previously controlled at 50 per cent such as coriander, basil, mint, parsley have been removed from the control list.
Despite facing stiff competition, Vietnamese spices are increasing their presence in demanding markets around the world as businesses take advantage of free trade agreements and adopt advanced technologies.
Vietnamese rice, spices, and fruit have been increasing their presence in demanding markets worldwide as local businesses are taking advantage of free trade agreements.