According to the latest data from the Vietnamese Ministry of Agriculture and Rural Development, the coconut planting area in Vietnam has exceeded 200000 hectares. This figure not only highlights the huge scale of Vietnam's coconut industry, but also indicates its enormous potential for future development. As one of the six major crops in the 2030 Major Economic Crop Development Project, coconut plays a crucial role in Vietnam's agricultural development.

From the export data, the rise of Vietnam's coconut industry is even more evident. Since 2021, coconut products from Vietnam have started to flood the international market in large quantities and have achieved significant results in just a few years. In 2021, Vietnam's coconut product exports generated foreign exchange of 180 million US dollars, and by 2023, this number has soared to 900 million US dollars, showing remarkable growth. What is even more exciting is that the export value of Vietnamese coconut products is expected to exceed 1 billion US dollars in 2024, which will undoubtedly bring new milestones to Vietnam's economic development.

In the main coconut producing area of Penang Province in Vietnam, coconut cultivation and export have become the main source of income for local farmers. The coconut planting area in the province exceeds 80000 hectares, accounting forJiulong River Delta88% of the total planting area, accounting for 42% of the total national area. Such a large planting area provides a solid guarantee for the coconut industry in Penang province. It is expected that by 2024, the sales of coconut products in Penang Province will reach 500 million US dollars, accounting for over 50% of the country's coconut exports and becoming an important pillar of Vietnam's coconut industry.

The success of Vietnam's coconut industry is not only attributed to its unique geographical location and climate conditions, but also to the support of the government and the efforts of enterprises. Vina VietnamT&TThe technical director of the group, Ruan Fufu, stated that there is a huge demand for fresh coconuts in the Chinese market, while Vietnam, with its geographical advantage, is more competitive in terms of supply. In addition, the free trade agreement signed between ASEAN and China has provided more convenience for the export of Vietnamese coconut products.

However, the development of Vietnam's coconut industry has not been smooth sailing. In order to ensure full supervision from production to export, Vietnam needs to accelerate the digitalization process of coconut planting area code management. At the same time, cracking down on fraudulent activities and maintaining the brand image of Vietnamese agricultural products are also urgent tasks. In addition, the diversified development of the coconut industry is also a major trend for the future. Nguyen Thi Kim Thanh, Chairman of the Vietnam Coconut Association, pointed out that investment in the research and processing technology of high-quality coconut varieties should be increased to enhance the overall industrial value.

Deputy Director of Quality, Processing and Market Development Bureau of the Ministry of Agriculture and Rural Development of VietnamLi QingHe stated that coconut has been included in the list of major cash crops, and the agricultural department will introduce more supportive policies. Various regions should fully utilize these policies to help farmers expand production, improve industrial efficiency, and jointly consolidate Vietnam's position in the international coconut market.