Forecasting in 2017, cashew nut exports of Vietnam reached over 3.5 billion USD. This is a new record of the cashew industry of Vietnam and extends the leading achievement of the world cashew industry with 12 consecutive years.

On 7.12, in Ho Chi Minh City, Mr. Nguyen Duc Thanh, Chairman of Vietnam Cashew Association (VINACAS) is pleased to announce at the conference of solutions to support the import and export of cash crop 2018-2019.

However, the biggest limitation of cashew industry in Vietnam is highly dependent on imported raw materials. In order to achieve this export figure, Vietnam must import 1.21 million tons of raw cashew nuts worth nearly US $ 2.4 billion (by the end of November). The source is mainly imported from Africa and faces many risks of quality and price. This puts Vietnam in a difficult position on the source of raw materials for export processing.
In order to solve this problem, with the goal of “both win”, VINACAS worked with the Ministry of Agriculture, Forestry and Fisheries in Cambodia to discuss plans to develop this cashew industry. Vietnam wants to help Cambodia develop the cashew industry with output of up to one million tons, leading the world. In the first step of this plan, the two sides coordinated to establish a working group, research and support for the development of Vietnam – Cambodia cashew.
At the seminar on 7.12, the Vietnamese side awarded Cambodia with funding for the development of one million cashew trees, worth about 1.5 billion VND.
Known outside Cambodia, VINACAS also plans to coordinate with Laos to develop cashew trees. These are considered strategic solutions to replace imported sources from Africa which are at risk.
In Vietnam, there is no land for growing cashew trees and being fiercely competitive by other crops.