cashew exports posted a strong growth in 2015 and are expected to rise this
has 450,000 hectares of cashew grown mainly in Binh Phuoc, Ba Ria Vung Tau,
Dong Nai, and the Central Highlands provinces.
years, cashew has been one of Vietnam’s farm products earning consistently
high export revenues.
Vietnamese exporters shipped 330,000 tons of cashew nuts valued at US$2.5
billion to foreign markets. The major markets include the US, China, and the
EU, according to Dang Hoang Giang, secretary general of the Vietnam Cashew
“Cashews are one of the two Vietnamese export items whose volume and value
increased last year. With last year’s performance, Vietnam maintained its
10-year lead as the world’s top exporter of raw cashew nuts accounting for
half of the total global trade value.”
Vietnam’s cashew export volume consists of raw cashews. The domestic cashew
industry now plans to increase processing and diversify its products to boost
At a recent
meeting in Ho Chi Minh City, Vinacas said Vietnam’s processed cashew
increased from 5% in 2014 to 7% last year.
Chieu, President of Long An Seafood-Agriculture Processing Company, noted,
“To increase cashew export revenue, the sector plans to raise the value of
cashew products. That means Vietnam will reduce exports of raw cashews.”
is focusing on product diversification and investing in processing
Vu Van Tich,
head of the science and technology department of the National University in
Hanoi, stressed, “Cashew nuts can be extracted into essential oil. Cashew
shell can be turned into fuel. Cashew resin can create certain types of paint
which resist harsh weather. These are high-tech agricultural products which
can bring in higher revenues.”
Huyen, director of the Hoang Son Import-Export Company in Binh Phuoc
province, said the most important need at the moment was for the government
to set policies that encourage domestic cashew exporters to invest in
processing technology, diversify export items, and expand markets.
only 160 large-scale processors and less than one third of them have begun to
invest in brand building and applying international food hygiene standards in
preparation for integration. Those things need to be stepped up,” Huyen said.