A cashew nut processing factory in Binh Phuoc province (Photo: VNA)
Hanoi (VNA) – Vietnam has recorded a surge incashew nut exports to China despite a decline in shipments of many agriculturalproducts to this neighbouring market.
A number of agricultural products have facedchallenges in export to China this year as it has tightened control on productquality and cross-border trade.
However, cashew nut exports to China have beensoaring, exceeding 58,100 tonnes worth 447.2 million USD in the first 10 months,respectively rising by over 58 percent and 36.3 percent, according to theGeneral Department of Vietnam Customs.
By the end of November, Vietnamese businesseshad shipped more than 418,000 tonnes of cashew nut abroad for almost 3 billionUSD, while this year’s targets are 450,000 tonnes and 3.5 billion USD.
The US was still the biggest importer ofVietnamese cashew nut, followed by China and the Netherlands.
Data of the Ministry of Agriculture and RuralDevelopment show that the agriculture sector enjoyed a trade surplus of 8.8billion USD in the 11 months.
The country earned 37.3 billion USD from theexport of farm produce and forestry and aquatic products in the reviewedperiod, a year-on-year increase of 3.6 percent. Meanwhile, 28.5 billion USD wasspent on agro-forestry-fishery imports, down 0.7 percent.
China remained the largest buyer of agriculturalproducts from Vietnam, accounting for 26.9 percent of the total exports. It wasfollowed by the US, the EU, ASEAN, and Japan./.
Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports.
Orientations to develop Binh Phuoc cashew nut brand was the focus of discussion at a meeting between representatives from the People’s Committee of southern Binh Phuoc province, the Dutch Embassy and the Ministry of Agriculture and Rural Development on June 14.
The Vietnam Cashew Association (Vinacas) has recently held a conference to review the industry’s performance in the first seven months of 2019 and seek solutions to the problems facing it.
The agriculture sector enjoyed a trade surplus of 8.8 billion USD in the first 11 months of this year, 1.5 billion USD higher than the same period last year, according to the Ministry of Agriculture and Rural Development.
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A cashew nut processing factory in Binh Phuoc province (Photo: VNA) 
