Vietnam: Cashews of African origin hope to be untied

Not allowed to transfer to domestic market when export is difficult Since 2006, Vietnam has always been the world's leading cashew exporter, with export volume always increasing. In 2023, the amount of exported cashew nuts reached a record of 644 thousand tons, worth 3.6 billion USD. However, to become a billion-dollar industry and account for the majority of exported cashew nuts in the world, the Vietnamese cashew industry has long been forced to import raw cashews, because domestic cashew production is not enough for processing and exporting. The amount of imported raw cashews each year has reached millions of tons, mostly raw cashews from Africa. In 2023, nearly 2.9 million tons of raw cashews were imported to Vietnam, of which more than 2.2 million tons were from Africa. It can be said that imported raw cashews have played a very important role in helping the cashew industry bring in more than 3 billion USD in exports each year since 2017. However, a provision in Decree ...