Vietnam’s cashew exports in October hit a record high of 64,320 tonnes, bringing the 10-month figure to nearly 516,870 tonnes worth 2.95 billion USD, with the annual target of 3.1 billion USD likely to be exceeded.
Vietnam’s cashew nut exports posted double-digit growth year-on-year in the first nine months of 2023, with 456,000 tonnes sold abroad for 2.6 billion USD, increases of 19.6 percent and 14.3 percent year-on-year, respectively.
After a sudden decline in September, Vietnam's exports regained growth in October. This signals a hope for the export-oriented economy in the remaining months of the year.
After a tough period with a continuous decline in orders, from September, seafood producers and exporters have become busier thanks to the recovery of orders for year-end festive season.
Vietnam earned more than 43 billion USD from agro-forestry-fishery exports in the first 10 months of 2023, a decrease of 4.2 percent over the same period last year.