Vietnam and West African countries cooperate in investment and business in the cashew industry

Published Nov 4, 2022

Tridge summary

The article highlights the potential business cooperation between Vietnam and West African countries in the cashew industry. Vietnam, the world's largest exporter of cashew kernels, relies heavily on West African countries for raw cashew nuts, accounting for 70% of its imports. However, due to the conflict in Russia-Ukraine and other global challenges, Vietnam's cashew export value has decreased, and it is facing difficulties in both production and export. In response, Vietnam is encouraging cooperation with countries rich in raw materials and promoting mechanization, automation, and innovation in the cashew industry. Meanwhile, West African countries are struggling with job shortages and the aftermath of the COVID-19 pandemic, leading some to consider banning the export of raw cashew nuts to foster domestic processing. This could impact the import and export of agricultural products, particularly affecting Vietnam. The article underscores the need for a strategic approach to develop domestic raw materials and enhance cooperation with countries like West Africa to address the inefficiencies in the global cashew supply chain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam and West African countries have many complementary advantages in the cashew export processing industry. This comment was made at the Workshop on potential business-investment cooperation with the West African market in the agricultural product industry, coordinated by the Branch of the Vietnam Federation of Trade and Industry in Ho Chi Minh City in collaboration with the Vietnamese economy. integrated industry platform ARISE held on November 2. Mr. Tran Ngoc Liem, Branch Director of the Vietnam Chamber of Commerce and Industry in Ho Chi Minh City, informed that Vietnam's cashew industry has achieved many new advances in both processing technology and export turnover. From a production industry mainly using domestic materials, supplying domestic consumption and exporting raw products, the cashew industry has developed into an important production, processing, and import-export industry in the economy. Vietnam. Since 2010, the cashew industry has joined the group of products ...
Source: Vinacas

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