With nearly 20 years of experience in the fruit export industry, Westfood products had access to fastidious markets such as the US, EU, Japan, Korea, etc. with many big and potential orders, as a foundation for the company to continue expanding its market, it is expected that 2019 will reap the business results as planned.
By this time, many fruits of Vietnam have been exported to fastidious markets such as the US, Europe, Japan …. This situation has opened a “bright picture” for the growth of fruit export industry in 2019.
According to data from the Ministry of Agriculture and Rural Development, the total export turnover of the entire fruit and vegetable industry in 2018 reached US $40 billion, and the fruit exports reached over US $4 billion. After many years of negotiation, Vietnam has removed the technical barriers for fruits to enter fastidious markets such as Australia, USA, New Zealand, Japan, South Korea … Up to now, Vietnamese fruits have been entered markets of 60 countries and territories.
Assessing the potential of fruit export in the near future, according to the Ministry of Agriculture and Rural Development, it is expected that the value of fruit exported in 2019 may increase by 1 billion USD compared to 2018.
Along with the overall growth of the industry, and especially the strategic investment of FIT Group – the parent company, Westfood’s business results in 2019 are expected to achieve good results as expected. By the first 9 months, gross profit increased by 10% compared to the same period last year, and 1% increase in after-tax profit and with the large orders as the plan at the end of the yearvwill help Westfood meets the targets set out in the original plan, laying a solid premise for the following years.
Some typical products of Westfood
By constantly approaching and expanding the market with researching and introducing new products that suit the market’s taste, Westfood is continuing to lay solid foundations to turn the company into one of the the leading fruit exporting companies in Vietnam, and a reliable and reputable partner with international customers.