Vietnam's cinnamon industry urged to take advantage of FTAs to increase exports

Enterprises in the cinnamon sector should take advantage of opportunities brought by free trade agreements (FTAs) to increase exports, a conference heard last week in the central province of Quảng Nam. Speaking at the event, Deputy Director of Quảng Nam Department of Industry and Trade Hường Văn Minh said that Quảng Nam cinnamon had been a well-known spice and had created major income for ethnic groups for many years. The Ministry of Science and Technology's Intellectual Property Office of Việt Nam issued a geographical indication certificate for Trà My cinnamon in 2011 and cinnamon bark products in 2015. Cinnamon products have created a major source of income for people in cinnamon-growing areas. and cinnamon trees had become the most important tree in the economic development of Quảng Nam’s Trà My District. However, the gloomy global market and the decreasing quality of Trà My cinnamon products had resulted in shrinking consumption, and local people had to narrow many cinnamon ...