The Vietnam Cashew Association (Vinacas) and the Vietnam Pepper Association (VPA), on the morning of April 19, issued an urgent document to their members cautioning them about potential fraud in exporting to Algeria.
The Vietnamese Trade Counselor in Italy has recently informed that, after three timely interventions, 16 containers of cashew nuts have been kept so far when being transported to Italian ports.
Foreign Ministry Spokesperson Le Thi Thu Hang has spoken about actions taken by the Government to protect the legitimate rights and interests of Vietnamese enterprises in the suspected cashew nut export scam involving 100 containers of Vietnamese cashew nuts exported to Italy.
Regarding the case of about 100 containers of cashew nuts exporting to Italy showing signs of being scammed, on March 16, the Ministry of Industry and Trade informed that it had directed the Commercial Counselor in Italy to go directly to the ports of Genoa and Naples to work with port management units, shipping lines, banks, and local authorities, proposing to suspend delivery to have time to clarify the case.
The Government Office has sent a telegram No.1583/CD-VPCP to the ministers of Industry and Trade, Agriculture and Rural Development, Public Security, Transport, and the Governor of the State Bank of Vietnam (SBV) conveying the direction of Prime Minister Pham Minh Chinh on exporting cashew nuts to the European market.
The Vietnam Cashew Association (VINACAS), on the evening of March 8, informed that it had just received an appeal for help from some cashew nut processing and exporting enterprises.
Five months after the EU-Vietnam Free Trade Agreement (EVFTA) took effect, many agricultural export products increased in both volume and value. However, some key export products of Vietnam have not taken advantage of the EVFTA yet, such as cashew, honey, and sugarcane industries.
The Vietnam Cashew Association (Vinacas) has decided to delay the 12th International Cashew Conference to late-June this year, instead of in early-March this year as previously planned.
According to the Vietnam Cashew Association (Vinacas), this year, Vietnam continues to be the largest cashew nut exporter in the world with cashew nut exports of US$3.6 billion.
According to the Vietnam Cashew Association (Vinacas), in 2020, with the policy to reducing quantity and increasing quality, the association and leading enterprises in the industry will collaborate and be proactive in business, increase intensive processing and diversify value added products in order to achieve an export turnover target of US$4 billion next year.
According to the Vietnam Cashew Association (Vinacas), total raw cashew production of the world is expected to nearly reach 4 million tons this year, an increase of 300,000-400,000 tons compared to last year, hence, there will be no shortage in raw cashew supply.
Vietnam will need to import more than 300,000 tonnes of raw cashew nuts in the remaining months of the year for processing to meet the demand of importers, according to processing companies.
The Vietnam Cashew Association (Vinacas) said it petitioned an $800 million credit package from commercial banks to buy 500, 000 tons of raw materials for exports.
The 9th International Cashew Conference, the largest event of Vietnam and the world’s cashew industry, was opened in Phu Quoc Island, the Mekong Delta province of Kien Giang on November 14.
