Implementing the One Commune One Product (OCOP) Programme, many localities in the southern province of Binh Phuoc have effectively tapped into the potential and advantages of regional agricultural specialties to promote commodity production and unlock its rural potential.
By exporting more than 830,000 tonnes of raw cashew in the first seven months of this year, Cambodia has become the world second largest exporter of the nut.
Cambodia exported 667,000 tonnes of raw cashew nuts to Vietnam in the first five months of this year, an increase of 37% over the same period last year, reaching revenue of 851 million USD.
The three-day 13th Vinacas Golden Cashew Rendezvous saw its main event kick off in the central province of Quang Binh on February 27, attracting participants from more than 40 countries and territories worldwide.
A delegation from the Cashew Exporters Association of Ivory Coast (AEC-CI) held a working session with representatives from the Cashew Association of Binh Phuoc province on December 7 on cooperation possibilities between the two sides.
Vietnam’s cashew exports in October hit a record high of 64,320 tonnes, bringing the 10-month figure to nearly 516,870 tonnes worth 2.95 billion USD, with the annual target of 3.1 billion USD likely to be exceeded.
Many agricultural products such as rice, coffee, cashew and durian have set their own records in export revenue, contributing to brightening the picture of Vietnam’s exports for this year.
Amid global demand slump, cashew remains a silver lining of the overall cloud of export, heard a conference on cashew market outlook taking place in Ho Chi Minh City on July 26.
The three-day 12th Vinacas Golden Cashew Rendezvous saw its main event kick off in Ho Chi Minh City on February 27, attracting the participation of 350 delegates from more than 40 countries and territories worldwide.
The Ministry of Foreign Affairs on December 13 hosted a hybrid conference on cashew trade with Africa and measures to ensure the supply of raw cashew for Vietnam, gathering more than 70 representatives of ministries, sectors, localities, research institutes, import-export enterprises, and processing-production facilities.
Vietnam exported 4.94 billion USD worth of goods to Cambodia in the first 10 months of this year, up 25.6% year on year, higher than the figure recorded in the whole 2021, according to the General Department of Vietnam Customs.
Vietnam’s cashew nut industry experienced a poorer-than-expected harvest this year. While it actually saw growth in exports, value declined. Disease and natural disasters counted among the causes, as did longstanding bottlenecks in productivity, output, and value, which need to be resolved quickly in order for Vietnamese cashew nuts to maintain their leading position in the market.
Vietnam imported nearly 1.2 million tonnes of raw cashew nuts worth 1.9 billion USD in the first four months of this year, increases of 300 percent and 323.5 percent year-on-year, according to the General Statistics Office.
The southern province of Binh Phuoc, deemed Vietnam’s “cashew capital”, needs to devise a project to develop cashews as its key crops, Minister of Agriculture and Rural Development Nguyen Xuan Cuong has said.
Import-export value of agro-forestry-fisheries products hit nearly 11 billion USD in the first two months of 2021, resulting in 1.37 billion USD in trade surplus, up 28.4 percent year on year, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam exported nearly 42,200 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year.
