Hanoi (VNA) - Vietnam earned 2.18 billion USD from shipping 300,000 tonnes of cashew abroad, rising 19.2 percent and 7.3 percent year-on-year respectively, according to the Ministry of Agriculture and Ruꦯral Development.
In November alone, the country exported 25,000 tonnes of processed cashew, pocketing 186 million USD, the ministry said.
The average export price was 7,269 USD per tonne, up 11.3 percent compared to the same period last year.
China, the Netherlands and the US remain three largest importers of Vietnamese cashew.
Among markets that recorded a strong increase in exports were Germany (63.18 percent), Thailand (40.12 percent), the UK (37.82 percent), the Netherlands (37.59 percent), and the US (28.92 percent).
The Vietnam Cashew Association (VINACAS) said the country targets 320,000 tonnes of cashew nut exports and 2.5 billion USD in revenue in 2015. Cashew nuts have become one of the key export staples of Vietnam’s farming sector, following rice, rubber and coffee.
Vietnam is now home to over 300,000 hectares of cashews in the southern provinces of Binh Phuoc, Ba Ria – Vung Tau and Dong Nai; Phu Yen and Binh Dinh provinces in the central region; and the Central Highlands province of Dak Lak.-VNA
Vietnam raked in 1.78 billion USD from shipping 245,000 tonnes of cashew nuts abroad in the first nine months of this year, up 7.8 percent in volume and 20.6 percent in value year-on-year.
The 7th Vietnam International Cashew Conference is set to take place in the southern metropolis of Ho Chi Minh City from November 22-24, according to the Sai Gon Giai Phong newspaper
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The third International Cashew Processing Equipment Exhibition opened on November 22 in the southern province of Long An, according to the Vietnam Cashew Association (Vinacas).
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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Cashew processing for exports (Source: VNA)
