Vietnam's Cashew Sector Strives To Reach US$2.5 Billion Revenue Target By 2020

HO CHI MINH CITY, Dec 20 (Bernama) -- Vietnam's cashew sector will adapt various measures to meet its US$2.5 billion revenue target by 2020, Vietnam News Agency (VNA) reported.
The Cultivation Department from the Ministry of Agriculture and Rural Development (MARD) predicts the country will have cashew cultivation area of 300,000-320,000 hectares with 400,000-tonne annual output in meeting 40 per cent of its material demand for processing.
To meet the goal, the department proposed several measures to improve cashew production and processing.

It suggests having proper farm planning, expanding cashew cultivation in areas with favourable conditions and applying new farming technologies.
Building large processing factories using high technology to ensure food safety and encouraging producers to foster links in building a trademark for Vietnamese cashew is also vital, the department said.
At a meeting between the Vietnam Cashew Association (Vinacas) and the department on Wednesday, Nguyen Thi Kim Nga, chairman of Cashew Association of Binh Phuoc province, said it is necessary to improve connectivity between farmers and businesses.
She also suggested Vinacas and the MARD assist Binh Phuoc in implementing a pilot model in the field before extending it to other localities.
Vinacas said the government should introduce policies to encourage more businesses to invest in cashew processing, diversify the domestic market and support enterprises in trademark building.
-- BERNAMA