The 13th Vietnam International Cashew Conference kicks off

Published Feb 28, 2024

Tridge summary

The 13th Vietnam International Cashew Conference 2024, held in Dong Hoi City, saw participation from over 40 countries. Organized by the Vietnam Cashew Association (VINACAS), the conference aimed to discuss the global cashew supply chain's current status and future, especially considering recent global events like the COVID-19 pandemic, the Russia-Ukraine and Israel-Hamas conflicts, and global inflation. Vietnam, a significant player in the cashew supply chain, imports nearly 65% of the world’s cashew raw materials and accounts for nearly 80% of the world’s cashew kernel exports. The conference also witnessed the signing of a cooperation memorandum between VINACAS and various international cashew associations.

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

Original content

On the morning of February 27, the Vietnam Cashew Association (VINACAS) held the opening ceremony of the 13th Vietnam International Cashew Conference 2024 in Dong Hoi City, Quang Binh Province. Entrepreneurs from more than 40 countries and regions in the global cashew supply chain participated. Opening ceremony of the conference. Speaking at the opening ceremony of the conference, Pham Van Gong, Chairman of the Vietnam Cashew Association, believed that in 2022 and 2023, the global supply chain, including the cashew industry, will gradually recover after the COVID-19 pandemic. But Russia-Ukraine and Israel- The Hamas conflict, coupled with high global inflation, has led to the implementation of monetary tightening policies by central banks around the world. The world economy has stagnated, consumer purchasing power has declined, etc., which has had a strong impact on Vietnam and the world's cashew industry. Pham Van Gong, Chairman of the Vietnam Cashew Association, said ...

Source: Foodmate