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.

The Vietnam Trade Office in Algeria and Tunisia last week coordinated with the Tunisian Union of Industry, Trade and Handicrafts (UTICA) to organise a conference to connect Vietnamese businesses and their peers in in Tunis.

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.

Prime Minister Pham Minh Chinh and visiting Mozambican President Filipe Jacinto Nyusi on September 9 discussed and agreed on specific measures to further promote cooperation between the two countries.

Cambodian cashew nuts account for 55.5% of Vietnam's total import turnover in the first half of this year.

The agriculture sector emerged as a firm pillar of the economy last year, setting a series of new records despite global market downturn.

“Salted roasted cashew nuts”, “Plain cashew nuts” and “White cashew nuts” have become the first to be recognised as 5-star OCOP (one commune one product) products at the national level of the southern province of Binh Phuoc – the country’s cashew “capital”.

Vietnam’s key agricultural and fishery products, including cashew nuts, pepper, coffee, tea, lychee, logan, dragon fruit, frozen shrimp and fish, are on display at SIAL Interfood 2022 that opened in Jakarta, Indonesia, on November 9.

Vietnam exported over 206,000 tonnes of cashew nuts worth 1.19 billion USD in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported.

Police in the central city of Da Nang arrested a 33-year old man on June 22 for violating “regulations on the protection of endangered, precious and rare animals”.

Vietnam shipped a total of 105,000 tonnes of cashew nuts abroad in Q1, earning 630 million USD, down 6.7 percent in volume and 5 percent in value compared to those in the same period of last year, according to the General Department of Vietnam Customs.

Italian police have kept four containers of cashew nuts delivered to this country’s Port of Genoa, a stride in the settlement of a suspected scam involving 100 cashew nut containers exported from Vietnam.

The Vietnamese Embassy in Italy is actively seeking ways to support the settlement of a suspected scam related to 100 containers of cashew nuts exported the European country.

The target of 3.8 billion USD in export revenue of cashew nuts for this year set by the Ministry of Agriculture and Rural Development (MARD) is quite feasible given the forecast on high demand for the product in the time to come, according to experts.

Vietnam exported 5.3 billion USD worth of goods to Canada in 2021, up 21 percent year-on-year despite facing challenges caused by the prolonged pandemic, according to the Vietnamese Trade Office in Canada.

Australian people will have a chance to taste Vietnamese cashew nuts in a programme which will be held by the Vietnam Trade Office in Australia from September 25 – October 2.

Vietnam was the largest market of Cambodia’s cashew nuts in the first eight months of 2021, according to Thmey Thmey newspaper of Cambodia.

A Dutch firm has decided to invest 250 million USD in a project in the southern province of Binh Phuoc to develop cashew nut material areas, conduct deep processing, and produce cashew nut shell oil for export.

Vietnam’s cashew exports are likely to increase in the remaining months of the year, prompted by surging demand, cashew firms have said.

Cashew exports are expected to surge in the latter half of the year once the COVID-19 pandemic is put under control.