11:14:40 AM | 21/7/2008
Vietnamese companies are striving to rake in between US$800 million and US$850 million from exporting 150,000 tons of cashew nuts in 2008, the Vietnam Economic Times reported.
Accordingly, the company will buy almost 50,000 tons of raw cashew nuts from local farms, and import 150,000 tons from Indonesia, Cambodia, and Eastern African countries.
The Vietnam Cashew Association has asked the Investment and Development Bank of Vietnam (BIDV) to increase credit limit for its members.
Vietnam now has around 220 cashew nut processing factories.
Local companies have so far this year exported 70,000 tons of cashew nuts valued at nearly US$380 million, up 40 per cent on year, and accounting for 40 per cent of the world&rsquos total cashew nut export volume. (Vietnam Economic Times, The Youth)
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