The 13th VINACAS Golden Cashew Rendezvous to be held from February 26 to 28 in Quang Binh Province’s Dong Hoi City will seek to redefine the global supply chain after COVID-19 and this year’s economic downturn, according to the Vietnam Cashew Association.

VOV.VN - Vietnam imported roughly 795,500 tonnes of raw cashew nuts worth US$1.06 billion during the first four months of the year, marking a rise of 4.8% in volume but a reduction of 7.1% in value year on year.

VOV.VN - The 12th Vietnam International Cashew Conference 2023 officially kicked off on February 27 in Ho Chi Minh City, attracting the participation of 350 business representatives from more than 40 countries and territories from across the world.

As cashew exports in the first half of 2022 fell by 9.2% against the same period last year, the Vietnam Cashew Association (VCA) has to adjust down its annual export target to US$3.2 billion.

Vietnam shipped a total of 105,000 tonnes of cashew nuts abroad in Q1, earning US$630 million, down 6.7% in volume and 5% in value compared to those in the same period of last year, according to the General Department of Vietnam Customs.

As of April 3, Vietnamese companies had recovered 12 out of 35 containers of cashew nuts exported to Italy whose original documents was lost, a positive progress thanks to great efforts and active support of relevant parties.

A new positive development has been seen in the suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy, with eight containers already re-exported to the Netherlands by March 22, according to the Vietnam Trade Office in Italy.

Vietnamese exporters are at risk of losing hundreds of millions of US dollars in a suspected scam in which they have not received any payment as agreed for 100 containers of cashew nuts already dispatched to a buyer in Italy.

Vietnam’s cashew nut exports saw encouraging growth this year despite COVID-19-induced restrictions, shipping container shortage and rising logistics costs, statistics of the General Department of Vietnam Customs show.

Vietnam imported nearly 1.2 million tonnes of raw cashew nuts worth US$1.9 billion in the first four months of this year, increases of 300% and 323.5% year-on-year, according to the General Statistics Office.