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  • Binh Phuoc encourages investment in the cashew industry

    May 16th, 2017

    On 16/5, in Dong Xoai town, Binh Phuoc province People's Committee in collaboration with Department of Industry and Commerce, Vietnam Cashew Association (Vinacas) held the international customer conference Binh Phuoc 2017. At the meeting, Mr. Nguyen Van Tram, Chairman of Binh Phuoc Province People's Committee said that up to now, Binh Phuoc has over 134,000 hectares of cashew, accounting for nearly 50% of the cashew area of the country, 132,000 hectares of which are harvesting. Amounting to about 150,000 tons.

    Binh Phuoc has been designated by the Government, MARD to plan the main material areas with 200,000 ha of cashew trees by 2020. Binh Phuoc cashew kernels have been selected to be national brands. In processing industry, in 2016, cashew nut export turnover of Binh Phuoc reached $ 500 million, accounting for nearly one third of total export turnover of the province (about $ 1.6 billion). Processing activities with more than 200 enterprises and more than 400 establishments, including 31 large enterprises with the total capacity of 82,000 tons / year, creating jobs for 50,000 workers, contributing to improving and raising The life of people, especially people in remote and mountainous areas, ethnic minorities.

    However, the province also found that, despite the largest area of cashew, cashew nut processing products are not diversified, mainly primary processing, low added value, the majority of small enterprises , Technology investment in production is not synchronized ... has limited the competitiveness of Binh Phuoc cashew nuts. Therefore, in order to improve the position of cashew products, coming here, Binh Phuoc focus on encouraging enterprises to invest in processing technology, product quality management and especially to connect and deep link with farmers. Building large cashew orchards, supporting investment, guiding farmers to produce and consume products. Binh Phuoc also calls for and wishes to cooperate with local and international enterprises in the development of cashew processing industry. Binh Phuoc province's leaders pledged to create favorable conditions on mechanisms, policies and procedures for investors to study and cooperate in the province.

    Mr. Tran Van Phung, Chairman of the Cooperative Alliance of Binh Phuoc, said that, along with the Government's policy on cashew development, the provincial People's Committee approved the sustainable development plan for Binh Phuoc province up to 2020. After the implementation period, up to now Binh Phuoc has initially appeared in the linkage model in cashew production. Specifically, the province now has 77,612 cashew households involved in the form of linking consumption. According to Nguyen Duc Thanh, Vinacas' chairman, if the capacity is fully produced, Vietnam's cashew processing industry can process up to 2 million tonnes / year, accounting for two thirds of global cashew processing capacity.

    In the long term, Vinacas has advised MARD to adopt policies to keep the cashew area (about 350,000 hectares) and raise the cashew yield to 2 tonnes per hectare by 2020 (by 2016 to 1.4 tonnes per hectare, This yield surpassed India and all 11 African cashew farmers. Notably, to ensure the processing and export output, the Vietnamese authorities have made commitments to cooperate with the growers to export raw materials to Vietnam. Recently, Vinacas has joined the Ministry of Foreign Affairs and Ministry of Agriculture and Rural Development through Ivory Coast to cooperate and seek to help them raise the yield of 1.7 million hectares of cashew nut from 0.4 tons today. than.

    Source: VGP - Government Newspaper