Vietnam: Avoiding risks when importing raw cashews

Published 2022년 10월 8일

Tridge summary

Vietnam continues to lead in global cashew exports, but there's a decrease in volume and value in 2022 due to limited domestic raw materials, leading to increased imports. However, businesses face challenges with the quality of imported raw cashews and disputes over weight declarations to customs. There's confusion about the regulations for export goods and concerns about the origin of products. To clarify, the Ho Chi Minh City Customs Department will hold a training session on the origin of goods. The department has also warned enterprises about the need to comply with regulations and keep accurate accounting records.

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

Original content

As of 2021, Vietnam's cashew export (export) continues to hold the number one position in the world (15 consecutive years) in cashew export when accounting for 80% of the total global output. According to the General Department of Customs, it is estimated that Vietnam's cashew exports in the first 7 months of 2022 will reach 294 thousand tons, worth 1.76 billion USD, down 10.5% in volume and 12.1% in value. prices compared to the same period in 2021. Although cashew nut exports in 2022 have decreased, but due to limited domestic raw materials, most businesses (DN) increased the import (import) of raw materials for production and export... Ms. Tran Thi Lan Huong, Finance Director of Intersnack Vietnam Cashew Co., Ltd, said that the company imports raw cashews from Africa - not on the list of countries registered to export plant-based foods to Vietnam by the Department. Plant Protection – Issued by the Ministry of Agriculture and Rural Development, for processing and exporting ...

Source: Vinacas