The 9th Vinacas Golden Cashew Rendezvous will be held from November 13-15 in Phu Quoc island of southern Kien Giang province, organisers announced at a press conference in Ho Chi Minh City on November 3.
The 9th Vinacas Golden Cashew Rendezvous will be held from November 13-15 in Phu Quoc island of southern Kien Giang province (Photo: VNA)
HCM City (VNA) – The 9th Vinacas Golden Cashew Rendezvous will beheld from November 13-15 in Phu Quoc island of southern Kien G🐎iang province,organisers announced at a press conference in Ho Chi Minh City on November 3.
The event,co-organised by the Vietnam Cashew Association (Vinacas) and the Vietnam TradePromotion Agency (Vietrade), is expected to draw about 400 domestic andinternational delegates from 40 countries and territories across the world. A number ofactivities will take place during the event, including a networking programme,dialogues between domestic and foreign cashew businesses, conferences oninternational cashew cooperation and women’s role in the cashew sector. Vinacas VicePresident and General Secretary Dang Hoang Giang said the event aims to promotetrade and expand markets for cashew products, helping cashew growers andprocessing firms raise their incomes. Statisticsreleased by Vinacas showed that Vietnam earned 2.98 billion USD from exporting294,000 tonnes of cashew nuts in the first 10 months of 2017, year-on-yearrises of 0.4 percent and 25.6 percent, respectively. The sector isexpected to ship abroad 330,000 tonnes of cashew nuts this year, raking in 3.3billion USD – the highest amount so far. With the figure,Vietnam will continue retain a lion share of the global cashew nut market whichis estimated at 5.5 billion USD.-VNA
Cashew exports fetched 2.2 billion USD in the first eight months of 2017, a rise of 24.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has called for greater efforts to address the shortage of raw materials faced by the domestic cashew processing industry, saying that remains the biggest challenge for the sector’s development.
The cashew industry has achieved impressive growth in the past years with increasing exports, but unfavourable weather due to the impact of climate change and an increase of diseases and pests threaten its continued development, delegates told a recent seminar in Ho Chi Minh City.
Vietnam’s cashew nut exports are forecast to surpass the 3 billion USD benchmark for the first time in 2017 thanks to increasing shipments in the first ten months of the year.
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The 9th Vinacas Golden Cashew Rendezvous will be held from November 13-15 in Phu Quoc island of southern Kien Giang province (Photo: VNA) 
