Vietnam Cashew: 2 + 1 weak strong

According to the General Department of Customs, from January to date 15/11/2015, Vietnam has exported 287,201 tons of it, worth nearly $ 2.9 billion, forecast in 2015 exports that Vietnam will exceed $ 3 billion mark. (*)

Vietnam Cashew nuts have dominated the world market when over 50% of total global trade conditions. 2015 is also the 10th consecutive year Vietnam holds the world's No. 1 exporter of cashew nuts.

Besides the status of "king" in volume and value on the world market, Vietnam's industries also have different strengths: technology. Many years ago, enterprises (companies) Vietnam must spend tens, hundreds of billions of 100% imported machinery, processing technology from Chinese, Italian, Indian. Not to be outdone, overcome themselves, companies that have links with domestic engineering firms study successfully manufacture export processing machine, cost only 50 to 80% of imported machinery. Furthermore, the machine built by Vietnamese enterprises are not only not inferior to machines in the world nations, even more outstanding features, has helped significantly reduce costs, production costs, increase competitiveness in the market for Vietnamese cashew.

One thing to "score points" again: Many companies that Vietnam has been exporting machinery, processing technology, mainly to Africa. Even India - countries before exporting machinery to Vietnam-processing now also want to buy machinery, processing technology of Vietnam.

It is the second remarkable thing industry Vietnam: Leading the world in the export of products and technology export. However, besides, branch of Vietnam also survived one weakness - a big challenge for firms it.

For years, the Vietnam thing DN heavy dependence on imported raw material thing, synonymous with the region yet to make solid materials. According to the General Department of Customs, from January to date 11/15/2015 Vietnam must import up to 793,937 tonnes of which, worth 1.029 billion dollars, not small at all. Domestic source of raw materials that meet only 1/3 demand processing, export. Therefore, the issue of quality control, food safety of imported raw materials that can not be underestimated, unable to get out of hand.

In the future, most likely only one weakness would also "undermine" lot 2 Vietnam Cashew strengths, especially when the powers it has good material, with modern processing technology purchase The main businesses were from Vietnam.

Tran Phuong

Source: Industry and Trade