Binh Phuoc is the capital of cashew nuts with the leading planting area and output in the country. In order for farmers and cashew nut production and trading enterprises to win in the face of unpredictable market developments, the Binh Phuoc Cashew Association held a meeting to inform about opportunities and forecast the world cashew nut market in 2025. On February 27, Deputy Minister of Construction Nguyen Tuong Van chaired the Conference to appraise the Master Plan for the construction of Ma Lu Thang Border Gate Economic Zone, Lai Chau province until 2045. On the afternoon of February 28, at the Government Office, Prime Minister Pham Minh Chinh chaired a Dialogue with Chinese enterprises. Also attending were Deputy Prime Ministers Ho Duc Phoc and Nguyen Chi Dung, representatives of leaders of ministries, branches, central agencies and a number of localities, corporations and large enterprises of Vietnam; Chinese Ambassador to Vietnam Ha Vi; Some associations, 23 corporations, and general companies of China. The Internet has brought many opportunities but also posed significant challenges for ethnic minorities. When not fully equipped with knowledge about network security, many people accidentally fall into online traps, from financial scams to fake information. Faced with this situation, raising awareness and implementing solutions to protect people is necessary. Once in K-Ai village, Dan Hoa commune, Minh Hoa district (Quang Binh), I accidentally met midwife Dinh Thi Thanh Tam. My first impression of her was that she was a kind, enthusiastic and dedicated woman to her work. The way Ms. Tam advises on nutrition and guides mothers on pregnancy care is also very meticulous and easy to understand and implement. The field of ethnic affairs, implementation of ethnic policies and state management of beliefs and religions in Pac Nam district (Bac Kan) will have new momentum when the Department of Ethnic Affairs and Religion is established. The revolution of arranging and streamlining the organization of the political system is moving strongly from the Central to the local level. All are aiming at the goal of meeting very high requirements, bringing the country into a new era. Vietnam and China are two neighboring countries with great potential for tourism cooperation thanks to their close location, similar cultures and rich heritage systems. In recent years, the two sides have continuously promoted connections, opened up markets, promoted the exchange of visitors through cultural exchanges, aviation links and developed unique tourism products. General news of Ethnic Affairs and Development Newspaper. This afternoon's news on February 28, 2025, has the following notable information: Vietnamese Ao Dai - Rising Vietnam. Thut Phu Luu Market. Literacy class in a highland commune. Along with other current news in ethnic minority and mountainous areas. In recent years, Lang Son province has focused on effectively implementing Project 6 on "Preserving and promoting the fine traditional cultural values of ethnic minorities associated with tourism development", under the National Target Program on socio-economic development in ethnic minority and mountainous areas (National Target Program 1719). Thanks to that, many unique traditional cultural values of ethnic minorities have been effectively restored and preserved, creating unique products to attract tourists and improve people's lives. On February 27, Deputy Minister of Construction Nguyen Tuong Van chaired the Conference to appraise the Master Plan for the construction of Ma Lu Thang Border Gate Economic Zone, Lai Chau province until 2045. The People's Committee of Quang Nam province has just issued a Plan to select typical rural industrial products at the provincial level in 2025. The People's Committee of Quang Ngai province has just issued a Plan on the detailed disbursement progress of public investment capital in 2025 in the province, requiring investors to quickly disburse to implement projects. From March 1, 2025, the local police organization system will be rearranged to 2 levels, including the provincial police and the commune police. Accordingly, 694 district-level police agencies and nearly 6,000 affiliated professional teams will stop operating.
Chairman of Binh Phuoc Cashew Association Vu Thai Son recently held a meeting to provide quick information about opportunities and market forecasts to 100 members of the Cashew Association and businesses purchasing and producing cashew nuts in the province about the world cashew market situation and newly updated policies.
Data stored at the Import-Export Department - Ministry of Industry and Trade shows: The global cashew market size is valued at 7.78 billion USD in 2024. It is expected to reach 8.14 billion USD in 2025 and increase to 11.67 billion USD in 2033 with an average growth rate of 4.6% in the period 2025 - 2030.
The reason for the strong consumption of cashew nuts and high annual growth rate is: Cashew nuts are increasingly used in the food and beverage industry. The growth driver of the cashew market is the development of the food processing industry, driven by urbanization, changing consumer lifestyles and demand for convenient foods.
Vietnam's cashew industry has maintained its leading position in the world in cashew nut exports, affirming the prestige of its brand in the international market. Vietnam's cashew nut market share in the total import value of major markets is high. According to the US International Trade Commission, in the first 10 months of 2024, the US market imported more than 874 million USD of cashew nuts, an increase of 27.5% over the same period in 2023. Vietnam's cashew nut market share in the total import value of the US accounted for 89.65% in the first 10 months of 2024. Vietnam's cashew nut imports in the total import value of the EU accounted for 71.56% in the first 10 months of 2024. Among European countries, Germany is the largest consumer of cashew nuts.
In addition to opportunities for export growth and consumption markets, Chairman of Binh Phuoc Cashew Association Vu Thai Son predicted: “Currently, cashew prices are high, the world economy shows signs of recovery but is not yet stable with many unusual and unpredictable developments. Enterprises and members need to carefully grasp information, markets and new policies, and should not rush to buy raw cashews for reserve at high prices.”
Source: https://baodantoc.vn/binh-phuoc-thong-tin-co-hoi-du-bao-thi-truong-hat-dieu-nam-2025-1740733144514.htm
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