<p>Finding solutions to overcome difficulties in order to restore processing activities, improve the export value of cashew products in 2019 is the content that many enterprises have focused on discussing at the summarizing conference of the industry in 2018 by Hiep Vietnam Cashew Association (VINACAS) organized in Ho Chi Minh City. Ho Chi Minh, January 11. </p><p>Mr. Nguyen Minh Hoa, Vice President of VINACAS said, in 2018, Vietnam continues to maintain its position as the world's leading cashew nut processing and exporting country with processing output of 1.65 million tons of cashew nuts. crude, exported 391,000 tons of cashew nuts, export value reached 3.52 billion USD. </p> <p> Although the cashew industry in Vietnam achieved impressive export performance, the processing enterprises suffered greatly because of an increase of 7.8% in export turnover but a 3% decrease in value. 2017. </p> <p> According to Mr. Nguyen Minh Hoa, since the beginning of the season, the association has warned businesses not to buy when the price of raw cashew is too high but many businesses are concerned about scarcity of supply so they still buy in large quantities, causing disturbing the raw cashew market and cashew.</p> <p>As a result, when the processing is finished, the price of cashew nuts decreases but still has to be sold, causing great economic losses. Therefore, in 2019, businesses need to be more alert in determining the appropriate time and price. </p> <p> Mr. Vu Thai Son, Director of Long Son Company analyzed, in 2018 the world cashew industry was in trouble, so in many countries, the quantity of raw cashew inventories is still quite large. In addition, cashew production in African countries will increase by about 10% -15%, so the supply of raw cashew in 2019 is plentiful. The world's raw cashew nut production is mainly supplied to Vietnam and India because these are the world's two leading countries in cashew processing and exporting. </p> <p> According to Mr. Vu Thai Son, the price of cashew kernel in 2019 is difficult to increase and the financial supply to participate in the international and Vietnamese cashew industry is very limited. Therefore, businesses should not rush to buy massively from the beginning of the crop, as well as limiting purchase contracts with a long time of delivery to avoid price risks.</p> <p> Another issue that businesses also need to note is the issue of money deposits, because in the difficult period, most foreign partners are financially tightened by banks. Accordingly, when the enterprise transfers the deposit in advance to the seller, that amount is debited by the bank so they have no money to collect the goods for delivery. </p> <p> Mr. Pham Van Cong, Chairman of VINACAS, said that in 2018, it will be a "low note" of the processing and exporting industry of Vietnam because of both objective and subjective reasons; in which, the cashew industry affected by the big fluctuations of the world economy such as the US-China trade war reduced consumption in these two markets. In addition, markets such as the US and the European Union (EU), China began to increase protection through tightening standards for quality management and food safety. </p> <p> Subjectively, Vietnamese enterprises also have many limitations due to operating under the old trade mechanism, keeping the habit of buying raw materials massively from the beginning of the season to reserve for the whole year, not closely monitoring information, fluctuations in supply - demand ... </p> <p> According to Pham Van Cong, the goal of the cashew industry in 2019 is to strive to "regain what was lost" from 2018 and create conditions for members to recover after the time. hard. To achieve that goal, businesses must change their business thinking, keeping abreast of world market developments. On the other hand, the association also orients its members to focus on deep processing, increasing the added value for products to gain higher profits. </p> <p> The Vietnam Cashew Association also wants the Government and ministries and agencies to develop a branding strategy and promote communication through diplomatic channels, trade promotion to enhance the position of processed cashew products. Vietnam in the international market.</p><p></p>