Binh Phuoc eyes more cashew products reaching global markets

Southern Binh Phuoc province held an international clients conference in the cashew industry on May 16 with a view to having more cashew products reaching global markets.
Binh Phuoc eyes more cashew products reaching global markets ảnh 1Processing cashew nuts for export (Photo: VNA)

Binh Phuoc (VNA)— Southern Binh Phuoc province held an internationalclients conference in the cashew industry on May 16 with a view to having more cashew products reaching globalmarkets.

Chairman of theprovincial People’s Committee Nguyen Van Tram said Binh Phuoc has some 143,000hectares under cashew, accounting for nearly 50 percent of the country’s total,which yield 150,000 tonnes a year.

Earnings from cashewexports were worth 500 million USD last year, or nearly a third of theprovince’s total export income, he said.

Binh Phuoc is home tomore than 200 enterprises and establishments involved in cashew processing,providing jobs for more than 50,000 people.

Despite having thelargest cashew cultivation area in Vietnam, its products lack diversification,and are mainly semi-processed products with low value addition.

A majority of theprocessing firms are small and their technologies are not uniformly modern,which limits the competitiveness of the industry, Tram said, adding that climatechange too has caused difficulties for the industry.

“Therefore, through thisconference, Binh Phuoc calls for and wants cooperation with provinces and citiesand international friends.”

Nguyen Anh Hoang, Directorof the provincial Department of Industry and Trade, said Binh Phuoc is seeking domesticand foreign partners to invest or cooperate in producing more diversifiedproducts and expanding consumption both in domestic and foreign markets.

“We are also calling forinternational support to help businesses in the province improve theirmanagement capacity in terms of nutrition and food safety to enable more cashewproducts from the province to penetrate your [foreign] markets.”

At the conference, attendeessaid to enable sustainable development of the sector, enterprises will need topay more attention to product quality.

Tjasse PieterDijksterhuis from the Netherlands’s Decamerone BV said major customers inEurope and the US are increasingly demanding mandatory quality testing, and socompanies must ensure specification compliance when exporting.

Nguyen Duc Thanh, Chairmanof the Vietnam Cashew Association, said many cashew producers and processors,acknowledging that hygiene and food safety requirements are increasing in theglobal market, focused on producing clean cashew nuts and ensuring consistentquality.

“Enterprises haveshifted from competition in prices to competition in quality, with many firmsinvesting in modern technologies to add value to their products.”

Small and medium-sizedfirms could face financial difficulties in this regard and should co-operatewith large firms, he said.

Industry and Trade Department Director Hoang said: “We have made greatstrides in improving product quality at all stages from planting to processingbased on stringent hygiene and food safety standards.”

The French Government issponsoring the province’s efforts to obtain geographical indicationcertification for Binh Phuoc Cashew. Hoang said this would be a good foundationfor the province to promote its best cashew products around the world.  

Vietnam exported 79,000 tonnes of cashew worth 735million USD in the first four months of this year, a 13.1 percent fall in volumebut an increase of 7 percent in value year on year, with the US, China and theNetherlands being the largest importers.-VNA
VNA

See more

Vietnamese Ambassador to India Trinh Minh Manh discusses potential areas and strengths for cooperation between Vietnam and India’s Gujarat state. (Photo: VNA)

Vietnam, India’s Gujarat state seek to unlock cooperation potential

Vietnam attaches importance to strengthening cooperation with Indian states boasting strong economic potential, including Gujarat, to further advance the two countries’ Enhanced Comprehensive Strategic Partnership, particularly in the economy, trade and investment, said Ambassador Trinh Minh Manh.

At Nestlé Vietnam factory in Hung Yen province (Photo: VNA)

Vietnam seeks to build stronger ecosystem for FDI

The World Bank has stressed the need to connect global companies with domestic suppliers, improve the business climate and develop supply-chain finance solutions. Those steps will let domestic firms gradually meet requirements on quality, technology, costs and delivery times, and position them to become suppliers to multinational corporations.

Construction of technical infrastructure facilities serving APEC 2027 in Phu Quoc Special Zone, An Giang province. (Illustrative photo: VNA)

Vietnam enters investment grade credit rating category for first time

Vietnam has maintained robust growth, outperforming other Southeast Asian economies. Its ongoing government reforms aimed at streamlining the state apparatus, promoting the private sector, improving the institutional framework and developing capital markets will strengthen the country’s growth potential and economic resilience.

Vietnamese Prime Minister Le Minh Hung and Lao Prime Minister Saleumxay Kommasith witness the presentation of investment certificates and investment cooperation agreements between businesses of the two countries. (Photo: VNA)

Vietnam, Laos strengthen “strategic cohesion” in economic sector

The great friendship, special solidarity, comprehensive cooperation and strategic cohesion between Vietnam and Laos, and between Laos and Vietnam, are an invaluable asset of the Vietnamese and Lao Parties, States and people. It is the responsibility of today's generation to transform this invaluable political asset into new resources for the development of the two countries’ people.

West Food Hau Giang JSC’s factory at the Nam Song Hau Industrial Park – Phase 1, Can Tho city (Photo: VNA)

Southern industrial property market enters new phase of competition

Industrial site selection was previously driven largely by land prices, location and access to markets. However, as supply chains become more complex and manufacturing projects face higher technical requirements, businesses are increasingly assessing sites based on their long-term operational capabilities.

Members of the RoK delegation visit booths showcasing signature agricultural products of Da Lat – Lam Dong. (Photo: VNA)

Lam Dong seeks stronger economic, tourism links with RoK

Lam Dong is particularly interested in sectors in which Korean businesses have strengths, including agriculture, green energy, the circular economy, high-quality tourism, healthcare, education, human resources training and digital transformation, an official said.

Illustrative image (Photo: EVNNPT)

EVNNPT seeks over 224 mln USD in bank loans for grid expansion

Three projects account for part of the financing need, including 13.3 million EUR for the 220kV Ung Hoa substation and connection lines, 18.6 million EUR for the 220kV Tan Viet substation and the 220kV Tan Viet–Gia Loc–Pho Noi line, and 35.3 million EUR for the 220kV substation connecting the Dong Anh–Van Tri transmission line.

At a farm produce supermarket in Hue city (Photo: VNA)

Inflation control key to maintaining growth momentum

Average consumer price index (CPI) rose 4.52% in the first nine months, roughly in line with the National Assembly (NA)'s full-year target, while core inflation climbed 4.26%, the National Statistics Office (NSO) reported. CPI in some localities ran above the national average, including economic hubs Hanoi and Ho Chi Minh City.

According to experts, Vietnam’s relatively attractive valuation could help draw active investors. (Photo: VNA)

Capital-market channels widened after FTSE upgrade: expert

Vietnam officially entered FTSE Russell’s Secondary Emerging Market category on September 21 after reforms to trading, settlement and foreign-investor access. The reclassification gives Vietnamese equities access to a much larger pool of international capital, but also puts them in direct competition with other emerging markets.

Lao products are promoted at a trade fair in Dien Bien province in September 2026. (Photo: VNA)

Vietnam, Laos seek to expand room for trade, investment cooperation

Vietnam and Laos aim to boost bilateral trade in 2026 towards the milestone of 10 billion USD by 2030, a target said to be challenging but feasible as both Governments work to remove trade barriers, improve border-trade mechanisms, and strengthen transport and logistics connectivity.