Vietnam: What do industry businesses do for sustainable development?

Published 2023년 5월 4일

Tridge summary

The Vietnamese cashew industry is grappling with challenges such as declining average export prices, foreign market uncertainties, and high global inflation, despite a slight increase in export volume and value in the first quarter of 2023. The industry faces the challenge of balancing import prices with the need to reduce processing capacity and consider importing cashew kernels from Africa. Domestic raw cashew prices are low due to imported raw materials, affecting farmers. However, efforts are being made to improve yield and quality, and policies to support cashew farmers. There are calls for sustainable development in the industry, with a focus on both people and nature, particularly on improving the working conditions and rights of female workers in the cashew industry, which uses a significant amount of labor.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the context that the domestic cashew industry is facing many difficulties, how to develop sustainably is being interested by experts and businesses in the industry. Faced with many difficulties According to Mr. Dang Hoang Giang - General Secretary of the Vietnam Cashew Association (VINACAS), in the first 3 months of the year, Vietnam exported 112 thousand tons of cashew kernels, export turnover reached 642.4 million USD, up 4.34% in quantity and 2.17% in value. However, in terms of average price, it decreased, especially for code 320, it decreased by 5.4% compared to the same period in 2022. Vietnam's cashew industry is facing many difficulties. Giang said that the main reason is due to the foreign market, uncertainties during the COVID-19 period, then the Russia-Ukaraine conflict, high global inflation and people of other countries tightening their spending. , reduce consumption. In addition, the prices of other nuts such as almonds, walnuts, etc., which compete directly with ...

Source: Vinacas