Spices from Vietnam were showcased at the 13th Rieti International Chili and Spice Fair 2024, which was held in the city of Rieti, Italy, from August 28 to September 1.

A world leading spice exporter with a revenue of some US$1.5 billion every year, Vietnam should bolster intensive processing and trade promotion to increase added values, experts have said.

So far this year, Vietnam has shipped abroad 114,424 tonnes of pepper worth US$493.1 million, down 13.2 in volume but up 20.6% in value over the same period last year.

VOV.VN - India continued to be the main market for Vietnamese star anise exports as it imported 951 tonnes of Vietnamese star anise in May, accounting for 61% of the total exported volume of this item.

VOV.VN - The Vietnam International Pepper and Spice Outlook 2024 (VIPO 2024) was held in Hanoi on March 8 in an effort to explore cooperation opportunities, foster business networking, and expand export markets for Vietnamese products.

Phuc Sinh JSC has announced that the company successfully sold shares to an investment fund from Europe with an undisclosed amount.

VOV.VN - Vietnam exported over 156,000 tonnes of pepper worth US$498 million during the first six months of this year, marking a rise of 26.6% in volume, but a drop of 11% in value over the same period from 2022, according to the Import-Export Department under the Ministry of Industry and Trade.

With a population of nearly 100 million and strength in cultivating spice plants, Vietnam has substantial potential for spice production, consumption and export.

More than 1,000 kinds of Vietnamese spices have been put on show at a four-day festival that kicked off in Ho Chi Minh City on April 28.

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.