Pepper exports likely to reach US$2 billion by 2025

The Vietnamese pepper industry aims to rake in approximately US$2 billion from exporting between 400,000 tonnes and 500,000 tonnes of pepper by 2025, according to details given by the Vietnam Pepper and Spices Association (VPSA).

Pepper exports likely to reach US$2 billion by 2025 -0

In the first two months of the year, the country exported 40,814 tonnes of the product worth US$128.6 million, up 33% in volume and down 9% in value compared to the same period from last year.

China has surpassed the United States to become the country’s largest pepper export market with 10,209 tonnes, representing an 8.6 fold-rise on-year.

The Chinese market share as part of the nation’s total pepper exports also increased to 25% compared to about 4% from the same period last year.

February alone witnessed the pepper export volume to the Chinese market record its highest level since June 2020, with 8,485 tonnes, representing an increase of 392.2% over January and accounting for 30.1% of the total export market share.

Last year, although the nation exported only 20,498 tonnes of pepper to the northern neighbour, a drop of 46.4% compared to 2021 due to the impact of the "zero-COVID" policy, China's reopening from the beginning of this year has helped pepper exports to this market to rebound.

However, Hoang Thi Lien, president of the Vietnam Pepper and Spices Association (VPSA), pointed out that the average export price of pepper stood at about US$3,177 per tonne, down 31.4% on-year.

Most notably, the export price of pepper in February alone hit the lowest level over the past year, hovering at around US$3,006 per tonne.

Lien analysed that the pepper industry is anticipated to face numerous challenges over the course of the year due to the economic downturn, geopolitical tensions, and fluctuations occurring at Silicon Valley Bank (SVB) or Credit Suisse, factors which had led to tightened spending and a general decline in consumption globally.

Experts have therefore advised local enterprises to diversify export markets, especially niche markets moving forward to avoid risks when there is turmoil in the major consumption markets.

VOV

Other News

Data-driven land valuation to curb speculation: Experts

Data-driven land valuation to curb speculation: Experts

From a property-market perspective, Do Thi Thu Giang, National Director of Valuation and Advisory at Savills Vietnam, said the orientations under Resolution No. 21-NQ/TW could make the market more transparent and efficient, with property values increasingly tied to actual development and use potential.

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Resolution No. 19-NQ/TW sets new growth drivers for Vietnam

Science and technology, innovation, digital transformation and AI must be translated into higher productivity rather than pursued as ends in themselves. At the same time, people should be placed at the centre of development, not merely viewed as a resource but as the ultimate objective of development policies.

Expo to open door for Vietnamese suppliers to enter US market

Expo to open door for Vietnamese suppliers to enter US market

US retail giant Target is seeking Vietnamese suppliers of household goods, home textiles, children’s products, personal care and beauty products, with a focus on companies capable of manufacturing and developing products that meet requirements on quality, design and supply chain management.

2026 Banking Sector Digital Transformation to open in Hanoi

2026 Banking Sector Digital Transformation to open in Hanoi

The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam – one of most attractive destinations for leading US semiconductor companies: expert

Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.

Vietnam targets higher-quality FDI under Resolution 10

Vietnam targets higher-quality FDI under Resolution 10

During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing, engineering drive hiring growth in H1: report

Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

Government proposes special mechanisms to unblock APEC 2027 projects in Phu Quoc

The projects in Phu Quoc have been implemented under tight deadlines. Since May 2025, the Prime Minister has directed preparations for APEC 2027, including accelerated infrastructure development on the special zone. An Giang province and investors have subsequently launched a number of major projects involving complex technical requirements and demanding construction schedules.

Financial market reform plan targets high, sustained growth through 2045

Financial market reform plan targets high, sustained growth through 2045

The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets, strengthens the mobilisation and allocation of domestic and foreign capital, and enhances the market’s role as a key provider of medium- and long-term capital for the economy and as a major driver of sustained high economic growth.

An Giang aims to become leading maritime economic hub

An Giang aims to become leading maritime economic hub

Under the province's master plan for 2021–2030 with a vision to 2050, An Giang will prioritise investment in five strategic sectors: strategic infrastructure; processing industries and clean energy; trade, services, logistics and border-gate economy; high-quality tourism; and high-tech agriculture, ecological development and the circular economy.