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.

Asia is the largest market for Vietnamese peppercorns, accounting for 52.7% of the nation’s total export volume of the product, heard the Vietnam Pepper and Spice Association (VPSA)’s annual conference held in Hanoi on January 25.

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.

A consulting session on exporting spices to the Middle East and Africa was organised by the Vietnam Trade Promotion Agency (Vietrade) on July 27 to help Vietnamese producers seek partners and business opportunities in these markets.

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.

VOV.VN - France imported nearly 2.900 tonnes of pepper worth EUR8.2 million from Vietnam in the first seven months of 2021, up 28.6% in volume and 44.3% in value year on year, according to Eurostat.

Vietnam’s agriculture sector along with the spices and seasonings industry have enjoyed a remarkable transition which turns the country into a supplier of those products for the global market.