Cashew exports exceed US$1 billion

Vietnamese cashew businesses have exported 114,000 tonnes of cashew nuts so far this year, earning more than US$1 billion, said the Vietnam Cashew Association (VINACAS). 

According to VINACAS, the cashew sector is likely to fulfill the yearly export target of US$1.4 billion.

However, it said, there remain certain difficulties such as the shortage of workers and capital, unstable material supply, and improper investment in modern technology.

VINACAS Vice President Nguyen Duc Thanh said it is crucial to implement the strategy for sustainable development of cashew until 2020, with a focus on building a clean and productive material region and applying food hygiene and safety standards in cashew processing industry.

He also proposed banks extend due debts and reduce interest rates to help businesses involved in cashew exports.

Translated by VOV

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