Signing of a Memorandum of Understanding between Vietnam Coconut Association and UOB Bank.
In order to create favorable conditions for companies to promote their products, network, trade and spread their brands, the Vietnam Coconut Association (VCA) has just launched the program “Promoting Trade in Coconut Industry and Related Products”. called” for the first time on the morning of February 25 in Ho Chi Minh City.
According to Mr. Cao Ba Dang Khoa, acting secretary-general of the VCA, the Vietnamese coconut industry has just turned around recently and has encountered the Covid-19 epidemic worldwide, which has slowed the rate of growth affecting the community, businesses and government at large country experienced expected.
However, the Vietnamese coconut industry has favorable development conditions as the government has facilitated the development of a national brand identity for the coconut food industry; The government trusts the VCA to represent the Vietnamese coconut industry in the World Coconut Community – ICC; The Ministry of Agriculture and Rural Development has included coconut trees in the project for the development of important industrial crops by 2030…
In 2022, the export of coconut and coconut products reached over 900 million USD. The Vietnamese coconut industry ranks 4th in the overall value of the global coconut market.
Exports of coconut and coconut products reached more than 900 million USD in 2022.
Ms. Nguyen Thi Truc Lien, Director of Commodity Division of Ben Tre Import-Export Joint Stock Company (Betrimex), said Vietnamese coconut products have great potential, especially deep-processed products.High technology, organic production…Betrimex’s coconut branded products Cocoxim have now been exported to more than 60 markets, including very demanding markets such as Japan, Germany…
In implementing the 2023 Action Plan, the Vietnam Coconut Association aims to support enterprises in the coconut and coconut-related industries and promote trade activities to stimulate supply and demand for the market.
A Memorandum of Understanding was signed between VCA and UOB (United Overseas Bank Vietnam) at the above event. This signing will create favorable conditions for coconut industry companies to access capital for UOB production, operations and services.
Mr. Hoang Hai, director of UOB sales channels for financial products and services for small and medium-sized enterprises, shared that coconut products are well-known in the market, especially in Southeast Asia. Therefore, UOB would like to work with VCA to jointly develop solutions and actions to help Vietnam develop coconut and related industries.