Viet Ha Cashew Importation and Exportation Corporation (Viet Cashew) is established with capital of VND 20 billion and experienced staffs to bring new advantage to exporting cashew nuts of Vietnam.From the troubles of HaproHa Noi General Trading Corporation (Hapro), a state-own enterprise under management of Ha Noi City People’s Committee, is operating in 3 major business fields of importation-exportation, domestic trade development, and commercial infrastructure development and investment. Cashew nuts are being processed for exportation at Vietcashew. Photo by K. Vinh. The corporation’s revenue reaches VND 9,000 billion every year with importation-exportation turnover of nearly USD 400 million in 70 countries and territories.In 10 years of development, the corporation has over 40 subsidiaries with over 7,000 officers and staffs. Hapro is one of the leading corporations in the nation regarding exportation of handicrafts, farm produces, and foods.The retail distribution system of Hapro includes commercial centers, head market, supermarket chains and Hapromart.Currently, Hapro is considered as one of the largest retail distributors nationwide for its 65-70% product structure of foods and necessary products for consumers As a large distributor, Hapro keeps promoting the role of a major economic enterprise in implementing national economic duties. In importation and exportation, Hapro keeps in mind of successful exportation of 7 products, of which, cashew nuts hold the major role of quality and safety to improve competitiveness.To a modern center of cashew nut packagingTo reinforce the strategic construction of high competition of Vietnamese cashew nuts, Hapro decided to incorporate Viet Ha Cashew Importation and Exportation Corporation (Viet Cashew) with packaging center in An Phu Ward of Thuan An Town, Binh Duong Province to specialize in producing, processing, importing, and exporting cashew nuts and raw cashew nuts.The incorporation of Vietcashew is expected to play key role in promoting exportation and importation turnover to USD 50-70 million by 2016 under ISO 2000:2005, HACCP, and BRC FOOD.The center of packaging is capable of more than 5,000 tons a year to yield exportation of USD 30 million. Besides, the Corporation shall construct a cashew nut processing factory of 10,000 tons a year. After completion, the exportation quantity of the Corporation may sit at more than 7,000 tons of cashew nuts and a revenue of about USD 40 million.With such production scale, Vietcashew may produce 5,000 to 7,000 tons or 300 to 450 containers a year.Thus, the presence of Vietcashew shall help Hapro not only to confirm its stands in the market of cashew nuts in Vietnam but also to increase exportation revenue and foreign currency earning of the nation.Mr. Tran Hoang Y, President and General Director of Viet Ha Corporation said: “Vietcashew commits to high quality products under the care and help of local authority and credit institutions.”Reported by Khanh Vinh – Translated by Vi Bao