(HCMC) - Want branch of Vietnam continued development and stable growth, as well as holding the position of world number one cashew exports in the coming years, this sector should have a development fund , according to Vinacas.

Vietnam Cashew Association (Vinacas) at the meeting which took place this morning sector in HCM City said that sustainable development fund to help stabilize production conditions, promote links production and consumption of business - farmers cashew. The revenues of the fund consists of state support, income from the export processing enterprise that delivers from 1 to 2 dollars / tons of exports, grants and other revenue sources.

From this source, 50-70% of funds of funds are used to support the program of intensive rehabilitation and research orchard varieties, farmers support it, and the rest spent on research to improve the process technology, manufacturing equipment and processing conditions, improve product quality and food safety in the processing, trade promotion and market development in the country.

According to the Ministry of Agriculture and Rural Development (MARD), cashew exports in 2016 reached the first 6 months 156,000 tons worth US $ 1.2 billion, an increase of 4% in volume and up 11% in value the same period of 2015. the export price of cashew nuts per first 5 months of 2016 reached US $ 7,642 / ton, up nearly 8% over the same period in 2015.

According to Vinacas, if nothing changes, this year, estimated the value of goods exported from the kind of thing for Vietnam will bring about 2.7 billion US dollars, up 200 million US dollars compared with the year 2015. This is the 10th consecutive year, Vietnam exported maintained the position that the leading and accounting for over 50% of the global cashew trade. And to continue to hold the No. 1 position in the coming years, this sector requires appropriate strategies that development funds it is one of the solutions.