International cashew nut conference opens in Quang Binh

The three-day 13th Vinacas Golden Cashew Rendezvous saw its main event kick off in the central province of Quang Binh on February 27, attracting participants from more than 40 countries and territories worldwide.
International cashew nut conference opens in Quang Binh ảnh 113th Vinacas Golden Cashew Rendezvous attracts participants from more than 40 countries and territories worldwide (Photo: VNA)

QuangBinh (VNA) – The three-day 13th Vinacas Golden Cashew Rendezvoussaw its main event kick off in the central province of Quang Binh on February 27, attractingparticipants from more than 40 countries and territories worldwide.

Theannual event by the Vietnam Cashew Association (Vinacas) aims to connectcashew stakeholders and provide them with an opportunity to discuss measures for strong and sustainable development of cashew businesses in each country, and the global cashew industry to developstrongly and sustainably.

Speakingat the event, Vinacas President Pham Van Cong said that the global supplychains including that in the cashew industry have gradually recovered from thenegative impacts of the COVID-19 pandemic. However,conflicts in parts of the world, high inflation, tightened monetary policy ofmany countries, and reduced purchasing power badly affected Vietnam’s and the global cashew industry.

In2023, not only Vietnamese cashew nuts but also those from India, Coted'Ivoire, and Brazil continued suffering from dropping prices. Moreover, theprices of raw cashew nuts also decreased while output increased sharply.

International cashew nut conference opens in Quang Binh ảnh 2 Vietnam Cashew Association President Pham Van Cong speaks at the event (Photo: VNA)

Highproduction costs and low selling prices cause many cashew processors andexporters in Vietnam and other countries to suffer losses or get no profits.Many processors have had to temporarily suspend operations or reduce output,posing a high risk of mass closures, he said.

Thedropping cashew prices also have a significant impact on importers,making them less likely to sign long-term orders like before.

Meanwhile,there remain concerning issues relating to food hygiene and food safety of bothcashew kernels and raw nuts.

Congsaid that it’s necessary to stablise the cashew industry, and urged domestic and international stakeholders to propose measures to reshapethe global cashew supply chain and solve its problems.

Alsoon February 27, Vinacas signed cooperation agreements and documents with cashew associations in many other countries.

In 2023, Vietnam’s cashew exports reached the target of644,000 tonnes, equivalent to 3.6 billion USD, up 24% in volume and up 18% invalue against 2022./.

VNA

See more

Ministries, sectors, and localities are urged to speed up the allocation and disbursement of the public investment in 2025. (Photo: chinhphu.vn)

PM urges acceleration of public capital allocation, disbursement

The dispatch highlighted that the detailed allocation of the capital accounted for only 96.07% of the Government leader’s assigned target as of January 23, with some 84.84 trillion VND (3.32 billion USD) remaining unallocated across 26 central agencies and 48 localities.

Chinese consumers spend some 70 million USD on Vietnamese lobster in January. (Photo: doanhnhansaigon.vn)

Chinese consumers spend 70 million USD on Vietnamese lobster in January

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Vietnam's total aquatic exports in the month reached 774 million USD, up 3% year-on-year. This increase was primarily driven by strong Chinese demand for premium fresh seafood products, including lobster, crab, clams, and snails, as consumers prepared for Lunar New Year celebrations.

Chairman of the Ba Ria - Vung Tau Provincial People's Committee Nguyen Van Tho and Glen Hilton, CEO of DP World Asia-Pacific, sign a Memorandum of Understanding. (Photo: VNA)

Discussion underway for Vietnam’s first FTZ in Ba Ria-Vung Tau

The seaport-linked FTZ in the Cai Mep Ha vicinity is expected to boost the maritime economy to capitalise on the strategic location of Ba Ria-Vung Tau, attract foreign investment, and drive growth in the logistics, seaport, and international trade sectors.

The Tan Ky Tan Quy Bridge crosses the Tham Luong Canal, directly connecting to National Route 1. (Photo: VNA)

HCM City plans substantial investment in infrastructure

HCM City will direct funding towards transport, energy, and telecommunications infrastructure, including national highways, regional connectivity roads, Tan Son Nhat International Airport, Can Gio international transhipment port, and the Lotte Eco Smart City.

Delegates mark the launch of the new shipping route on February 18. (Photo: VNA)

New shipping route linking China, Vietnam, India launched

The container shipping route connecting the ports of Beibu Gulf (China), Hai Phong (Vietnam) and Kolkata (India) is destined to become a key strategic trade axis, contributing to the sustainable growth of both the regional and Vietnamese maritime industries.

Ca Mau province Deputy Secretary Nguyen Ho Hai receives a gift from the Singaporean ambassador Jaya Ratnam at a meeting held on February 17 to enhance exports and cooperation. (Photo: tuoitre.vn)

Ca Mau wants more exports to, cooperation with Singapore

The southernmost province of Ca Mau wants to increase agricultural and fishery exports to Singapore and strengthen cooperation in several sectors, Deputy Secretary of its Party Committee, Nguyen Ho Hai has told Singaporean embassy officials.

Permanent Deputy Secretary of the municipal Party Committee Nguyen Thanh Nghi hosts a reception for Japanese Ambassador to Vietnam Ito Naoki on February 17. (Photo: www.sggp.org.vn)

HCM City looks to deepen ties with Japan

The city aims to deepen cooperation with Japan in key areas such as sustainable urban development, emissions reduction, climate change adaptation, innovation, digital transformation, supply chain resilience, supporting industries, healthcare, tourism, culture, workforce development, and people-to-people exchanges.

Workers process shrimp for export. (Photo: VNA)

Shrimp exports grow in the first month of 2025

Shrimp products recorded a strong 13%increase in export value in January 2025, reaching a total of 273.3 million USD. This growth accounted for 35.3% of Vietnam's total seafood export turnover, contributing significantly to the country's overall seafood export performance.

Vietnam imposes VAT on low-value imported goods

Vietnam imposes VAT on low-value imported goods

It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).