Vietnam remains the largest cashew exporter

Vietnam remains the largest cashew exporter

In the past 30 years since the establishment of the Vinacas, cashew exports have reached more than US$31 billion, according to insiders.

Pham Van Cong, chairman of Vinacas, said the establishment of Vinacas was a turning point for the industry. Starting as a country that exported raw cashew in small quantities, Vietnam has been the leading exporter of the product worldwide for over 15 years.

The cashew industry exports its products to more than 90 countries and territories, accounting for around 80 percent of exports of the nut globally.

In 1990, the association had 12 founding members, but the number is now more than 500, representing the fields of planting, manufacturing, processing, trading, and import-export.

Exports of cashew during the pandemic

Despite the strong impact of the pandemic, the cashew industry in Vietnam has maintained its production and export at a high growth rate compared to the same period in 2019.

According to the Agriculture Processing and Market Development under the Ministry of Agriculture and Rural Development, in the first 10 months of the year, raw cashew exports reached 415,000 tons, and the value of turnover was US$2.61 billion.

The US, the Netherlands, and China remain Vietnam’s top three largest cashew importers, accounting for 33.5 percent, 13 percent, and 12.7 percent of its total export value, respectively.

According to Cong, the Vietnamese cashew industry is facing both new opportunities and challenges. Trade integration with the rest of the world offers great opportunities for the industry to expand its markets, and develop production and business.

Meanwhile, it has been reported that Vietnam is expected to mount a “strong recovery in 2021”, with growth projected to strengthen to 6.5 percent as domestic and foreign economic activity established, the UK-based news outlet (Proactive) has cited a report from the International Monetary Fund (IMF).

In a story published recently, the newswire highlighted Vietnam as one of the most successful countries in minimizing the impact of the coronavirus on its economy, with the IMF saying the South-East Asian nation’s containment of the virus should allow its economy to stage a fast rebound in the post-pandemic world.

The IMF said Vietnam’s growth this year is expected to be 2.4 percent, among the highest in the world, thanks to the country’s “decisive steps to contain the health and economic fallout from Covid-19”, Proactive reported.

Woman waiting in a long line for a flight wearing a N95 face mask during a global pandemic

Australia and Vietnam’s travel will be allowed in Singapore from Oct 8

Singapore will unilaterally lift border restrictions to visitors from Australia – excluding Victoria state – and Vietnam from Oct 8.

The Civil Aviation Authority of Singapore (CAAS) announced that these two countries both have comprehensive public health surveillance systems and have successfully controlled the spread of the Covid-19.

“The risk of importation from these countries is low,” said the authority, noting that over the last 28 days, Vietnam had zero local Covid-19 cases while Australia (excluding Victoria state) had a low virus incidence rate of 0.02 cases per 100,000 people.

Visitors from Australia and Vietnam will be able to apply for the Air Travel Pass for entry into Singapore from Thursday. The earliest day they will be able to come into Singapore will be Oct 8.

The Air Travel Pass scheme allows for all forms of short-term travel, including leisure travel. This is in contrast to reciprocal green lane arrangements between countries, which are usually for essential business and official travel.

Visitors will have to take a swab test upon arrival and can go about their activities after they get a negative test result. They will have to use the TraceTogether app for the duration of their stay here, among other conditions.

Australia and Vietnam join other countries

Australia and Vietnam countries join New Zealand and Brunei as the four countries that Singapore has unilaterally opened its borders to, as the country bids to revive its tourism and travel markets.

Since border restrictions to visitors from Brunei and New Zealand were lifted on Sept 8, CAAS has approved 331 applications from travelers from the two countries.

As of 5 pm on Wednesday, 136 visitors have arrived so far. None of them tested positive upon arrival and have been intruded about all the protocols and country’s measures, so they can easily adapt during their stay.