Advertisements

Random Post

Vietnam Agriculture News

Vietnam Business » Vietnam Agriculture News » International seminar on cashew trade in Binh Phuoc

International seminar on cashew trade in Binh Phuoc

An international consumer conference on the import and export of cashew nuts was held in Binh Phuoc province on March 22 in an effort to establish a global cashew nut association (GCA). The event, which was part of the first Vietnam Golden Cashew Festival, focused on introducing Vietnams policies on the cashew nut sector and answering questions raised by domestic and international consumers.

In 2010, Vietnam predicts a US$1 billion profit from cashew nut exports, remaining the worlds largest cashew nut exporter.

Many participants in the conference mentioned the unstable quality of dry cashew nuts and the shortage of raw materials for cashew nut-processing factories. At present, these factories have to import more than 300,000 tonnes of cashew nuts each year from Asian and African countries. Local businesses still lack market information and find it difficult to overcome technical barriers.

They also called for businesses, banks and scientists to better correspond with farmers to help increase productivity and quality of products.

At the conference, international delegates also discussed measures to implement contracts to resolve problems emerging among trade partners.

Participants agreed to hold a conference in Beijing on May 21 to make a final decision on the establishment of the global cashew nut association, with four founding members namely Vietnam, India, Brazil and the Africa Union.

Vietnam Business And Financial News Network. Source [english.vovnews.vn]

More Vietnam Agriculture News:

Popular Vietnam Business News

Tasco plans to raise chartered capital to 135 billion dong

In details, the company will issue 5.5 million shares for existing shareholders with par value of 10,000 dong per share, under the ratio of 1:1 or one old share for

Vinashin Affiliate Launches First Car-carrying Ship

. Ha Long Shipbuilding Company, an affiliate of Vietnam Shipbuilding Industry Group (Vinashin), launched a 70,000 DWT car-carrying vessel on Tuesday, July 21 in the northern province of Quang Ninh.

Tolls proposed on cars using downtown streets

The citys Tien Phong Technology Joint Stock Company has proposed starting toll collection on cars using downtown streets from January 2012 with a fee level from US$1 to US$2, or

Vietnam hub recalls milk with content deficiencies

Health inspectors in Ho Chi Minh City on Wednesday ordered the recall of five milk products that did not contain the quantity of protein announced on their labels, and suspended

Leap in exports pushes trade deficit to $5.4b in five months

The countrys trade deficit reaches US$5.4 billion in the first five months of the year, according to experts from the General Statistics Office (GSO). The trade deficit was equivalent to

World Bank Predicts US$2.6B Surplus in Vietnam Balance of Payments in 2010

An excess of US$11.7 billion in the capital account will help Vietnam cover a shortfall of US$9.1 billion in the current account this year, the Hanoi-based Chief Economist Martin Rama

HCM City holds global marketing expo

The countrys first-ever International Advertising Equipment and Technology Exhibition opened August 5 in HCM City. The three-day event, Vietad 2010, has attracted more than 150 booths and nearly 70 domestic

Businesses weary of revised automatic import license procedure

Long Quoc Trung, Director of Matsu Electronics, a distributor of refrigeration equipment from Malaysia, said he is nervous because after two weeks, he still has not got confirmation of his

Advertisement