The Vietnam Pepper and Spice Association encourages and supports businesses in the spice industry to promote innovation and creativity in production processes, products and management.
The Vietnam Pepper and Spice Association said that Vietnam currently ranks third in the world as a spice supplier and processor after India and China, but mainly exports products with processed content. short.
Currently, the entire Vietnamese spice industry has 14 factories with deep processing technology.
Regarding pepper, Vietnam is still ranked number 1 in the world in production and export.
Dak Lak farmers in the 2024 pepper harvest season. (Photo: Hoai Thu/TTXVN)
However, in the context of competition and favorable market fluctuations for other crops such as coffee and durian, the area and output of Vietnamese pepper are decreasing.
According to Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association, if this downward trend continues, the Vietnamese spice industry will face great competition when Brazil has had a breakthrough in the last 5 years. From 80,000 tons in 2018, it is forecast to reach 100,000 tons in 2024 (exports reach 80,000 tons in 2023).
“Therefore, all efforts and support need to be focused on pepper to ensure stable area and output. Vietnam continues to take the initiative, playing a role in regulating world market prices as it currently does. now. From there, it also creates conditions and resources to support other spice plants that have great potential but have not received adequate investment attention to make a breakthrough, such as cinnamon and anise,” said Ms. Hoang Thi Lien.
According to Ms. Hoang Thi Lien, consumers around the world are increasingly concerned about health issues and the need for spices is increasing, while Vietnam is diverse in spices, some of which are highly rated. High price for quality.
Ms. Hoang Thi Lien recommended creating conditions for businesses to have a favorable business environment: reducing administrative procedures and adding investment incentive policies.
At the same time, encourage and support businesses in the spice industry to promote innovation and creativity in production processes, products and management.
The State needs to consider supporting businesses to invest in processing technology through preferential loans with priority given to investment in science and technology, or partial subsidies (30-50%) of investment costs. investment (such as India and Sri Lanka) in the form of investment in research and development (R&D) to gradually form the Vietnamese spice value chain in the world spice industry.
The Vietnam Pepper and Spice Association said that in 2023, Vietnam exports pepper, cinnamon, anise, chili, nutmeg, ginger, turmeric… reaching 1.257 billion USD.
The association expects that in the next 5 years, Vietnam’s total spice export turnover will reach 2.2 billion USD.
According to VNA/Vietnam+ (link to original article)
