Vietnam Cashew Association gives reasons for not yet trading strongly with Guinea-Bissau

Published 2024년 9월 10일

Tridge summary

During a visit by the President of Guinea-Bissau to Vietnam, discussions were held to boost cashew trade between the two countries. Guinea-Bissau is a major supplier of raw cashews to Vietnam, but faces challenges such as lack of containers and quality issues. The Vietnamese cashew industry is interested in Guinea-Bissau's cashews, but transactions are hindered by these challenges and the lack of bank relations between the two countries. The Guinea-Bissau government is taking steps to address these issues, including simplifying the transaction process and considering investing in upgrading the port. The parties will also report to their governments and discuss resolving the bank transaction issue.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Within the framework of the official visit of the President of the Republic of Guinea-Bissau Umaro Sissoco Embaló to Vietnam, domestic cashew businesses had a bilateral meeting to promote trade. The Vietnamese Cashew Business Delegation Works with the Guinea-Bissau Management Agency - NVCC Within the framework of the recent visit of the President of the Republic of Guinea-Bissau Umaro Sissoco Embaló and his wife, the business delegation of the Vietnam Cashew Association (VINACAS) had a meeting with the leaders of the Ministries of Foreign Affairs, Economy and Planning, and Natural Resources of Guinea-Bissau. According to VINACAS, for many years, Guinea-Bissau has been one of the five largest African countries exporting raw cashew nuts to Vietnam. In 2023, the Vietnamese cashew industry imported over 159,930 tons of raw cashews from Guinea-Bissau with a total value of over 186 million USD, ranking 5th among the countries in the world exporting raw cashews to Vietnam. However, ...
Source: Vinacas

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