Vietnam exported over 206,000 tonnes of cashew nuts worth US$1.19 billion in the first five months of 2022, down 7.81% in volume and 6.81% in value, the Vietnam Cashew Association (VINACAS) reported.

The ownership of all 100 cashew nut containers related to a suspected scam in Italy has returned to Vietnamese businesses, according to the Vietnamese Trade Office in the European country.

VOV.VN - Vietnam’s cashew nut market share as part of China's total imports declined from 96.52% during the initial four months of 2021 to 82.16% during the same period this year, according to statistics compiled by China Customs.

The last of the 35 cashew nut containers, the original documents of which were claimed by Vietnamese exporters to be missing because of a suspected scam, have been ultimately released under an Italian court rule.

VOV.VN - A number of Vietnamese export businesses have recently fallen victim to fraud due to their limited knowledge of international trade, losing both goods and cash in the process.

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.

VOV.VN - A recent suspected scam involving local businesses exporting cashew nuts to Italy has raised alarm bells for exporters amid increasing transnational trade fraud.

VOV.VN - Competent authorities of Vietnam have sent a diplomatic note to relevant ministries and agencies of Italy, requesting a quick investigation into a suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy.