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  • No TPP, Americans still eat cashews in Vietnam

    Nov 24th, 2016

    He added that his government intends to set up "the bilateral trade agreements fairer other, to bring jobs back to America." TPP is negotiated from 3-2010, includes 12 countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, Vietnam and signed on 4-2-2016 .

    If TPP effect, export of Vietnam's largest market is the United States will enjoy 0% tax advantages, provided with material traceability (cashews are grown in Vietnam and processing ISO, HACCP). However, when Mr. Trump announced its withdrawal from the farmers and TPP that Vietnam now also negligent. By no TPP, the Americans still eat cashews Vietnam. Vietnam is the country's largest exporter in the world and it has no competitors (50% global market share). In 2016, cashews are American consumers rank after voted almonds, before getting ca. So consecutive 10 years, Vietnam has topped the cashew exporter, accounting for 50% of total global production of cashew. In the first 10 months of 2016, exports of cashew kernels continued to increase, reaching 291 000 tons, earning US $ 2.33 billion.

    Although the area is, the output of the Vietnam Cashew behind India, Ivory Coast, but the processing industry of Vietnam which has no rivals, including India's national output and industrial history cashew processing. The secret of the processing industry of Vietnam is by equipping machinery and equipment was invented and produced in the country, enough for more than 1,000 factories, cashew processing facilities. Thus the price of Vietnam's cashew processing lower than India (reducing unskilled workers) but the quality and design as required by the most demanding markets such as the US, France, Germany, Japan ... there are now 80 countries importing semi-processed cashew nuts from Vietnam, most US with 34%, Europe 25%, China 18% market share.

    Machinery and equipment thanks to which this sector is beginning to move through the 2nd phase is to increase the proportion of deep processing to enhance the value many times, instead of exporting raw or semi-processed human thing. Moreover, Vietnam cashew nuts have the good taste, the world's fattest. Besides, the period of "yellow brass confused" commercial fraud now Vietnam cashew nuts mixed with imported materials has ceased. The cashew exporter of Vietnam has been to regain credibility on the world market. Thus, farmers in Binh Phuoc in particular and the country in general still choose cashew, intensive care to boost profits in an area.