Việt Nam has set the target for cassava export at around US$2 billion in 2030 under the project on promoting the sustainable development of the cassava industry recently approved by the Ministry of Agriculture and Rural Development.
Viet Nam exported 235,000 tonnes of cassava and cassava products worth US$105.01 million in April, up 10.8 per cent and 31.7 per cent in volume and value year-on-year.
Diversifying markets and taking advantage of free trade agreement (FTA) tariff quotas are solutions for the country’s cassava industry to boost exports and ensure sustainable development, a conference has heard.
The Viet Nam Cassava Association has proposed the Government does not implement a recent decision on value-added tax (VAT) refunds for cassava starch products as it will difficulties for the cassava industry.
Exports of cassava and cassava-based products were estimated to be worth US$443 million in the first four months of the year, a year on-year increase of 23.9 per cent.
Five out of eight key farming commodities resumed impressive exports with two-digit growth in March against the previous month although having the novel coronavirus (COVID-19) pandemic, said the General Department of Customs.
Viet Nam achieved cassava export growth in both volume and value in the first quarter of this year despite experiencing difficulties, according to the Ministry of Agriculture and Rural Development
Viet Nam will continue to face difficulties in exporting cassava this year, especially to China, the largest export market of local cassava, according to the Viet Nam Cassava Association.
Cassava processors are facing difficulties due to a raw material shortage and, especially, tightening of overland imports and erection of barriers to imports of farm produce by China, their largest export market.
Cassava is one of Viet Nam’s billion-dollar export products. But the starchy root’s dependence on a single export market as well as shrinking production supply areas have challenged the industry’s ambitious goal of reaching US$2 billion worth of exports by 2023.