Vietnam's cashew nut exports pick up despite COVID-19

Vietnam’s trade surplus hit a record 24.61 billion USD in the first 10 months of this year, 2.6-fold higher than the surplus of 9.56 billion USD posted in the same period of 2022.

China’s official permission for bird’s nest products from Vietnam to be exported to the country will create significant opportunities for the local bird’s nest farming industry and the production and processing of bird’s nests in Vietnam.

Vietnam’s rice export turnover reached nearly 4 billion USD in the first 10 months of 2023, an increase of 35 percent over the same period last year and setting a new record by exceeding the 3.67 billion USD posted for 2012 as a whole.

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.

Total newly-registered investment capital, additional capital, contributed capital for share purchases, and contributed capital from foreign investors totalled 25.762 billion USD in the first 10 months of 2023, an increase of 14.7% over the same period of 2022 and the highest increase since the beginning of this year.