|Illustrative image (Source: VNA)
In June alone, the country exported 6.6 million tonnes of the nut to China, earning 51 million USD, up 143.8 percent in volume and 104.2 percent in value compared to the same period last year.
According to Pham Van Cong, Chairman of the Vietnam Cashew Association, the Chinese Government is tightening regulations on export-import via borders between the two countries.
Vietnamese cashew is popular in choosy markets such as the US and the EU, and this is paving the way for domestic exporters to expand markets.
Along with seeking new markets, Vietnam aims to maintain major ones such as China, the Netherlands, and especially the US,which consumes up to 40 percent of the country’s cashew nuts.