WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam aims high in exports of cashew nuts in 2017
Thanh Huyen 14:22, 2017/01/18
Vietnam set a targeted to export 360,000 tons of cashew nuts to pocket some 3 billion U.S. dollars in 2017, an increase of 3.4 percent in volume and 5.6 percent in value year-on-year, according to the Vietnam Cashew Association (Vinacas).
Statistics by the Ministry of Industry and Trade showed that in 2016, Vietnam sold 348,000 tons of cashew nuts to world markets, earning 2.84 billion U.S. dollars, up 5.6 percent in value and 18.4 percent in volume year-on-year.
Vietnam’s cashew nut products always have the appearance and quality meeting requirements set by the choosiest markets such as the US, France, Germany and Japan. 
Vietnamese cashew nuts have been exported to some 90 markets, with the biggest ones including the United States (making up 35 percent of the market share), European countries and Britain (25 percent) as well as China (18 percent).
Since 2006, in the past consecutive 11 years, Vietnam has maintained the world's biggest cashew exporter, accounting for 42 percent of the global exported cashew nuts.
Last year, Vietnamese enterprises imported the largest-ever amount of raw cashew nuts at some 1.06 million tons, up 14 percent year-on-year, mainly from Africa.
About 1.1 million tons of raw nuts are expected to be imported this year while the domestic raw cashew nut output hits around 400,000 tons.
Other news
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.