Vinacas develops 1-million-ton cashew material region in Cambodia
	Export of cashew kernels passes USD1 billion
	Vietnam supplies 60 percent of the cashew nuts in the global markets

The contract was signed under the cooperation agreement framework between the Chairman of Board of Directors and CEO of T&T Group, Do Quang Hien, and the Côte d'Ivoire Government.

The large amount of raw cashew nuts after arriving Vietnam will be processed by T &T Group as well as delivered to other cashew-processing factories nationwide.

The contract is believed to make a contribution to stabilizing the market and promoting the cashew export processing industry in Vietnam, according to Thanh Nien News.

Pham Thi Phuong Mai, representative of T&T Group and representative of Ivory Coast Cashew Exporters Association signed the cashew nuts purchasing contract Photo: Thanh Nien

Adama Coulibaly, General Director of Côte d'Ivoire Cotton and Cashew Council said “Cooperation with T&T Group brings about potential opportunities for Côte d'Ivoire cashew industry. It is regarded as a foundation as well as the timely support for the Côte d'Ivoire exporters, enabling them to win a place in the cashew- exporting market.”

Currently, T&T Group is the leading group in importing and exporting cashew nuts in the Vietnam market. In 2019, the total import-export turnover of T&T Group reached more than 260,000 tons, accounting for nearly 13% of Vietnam’s. In the first seven months of 2020, the total import-export turnover of T&T Group touched nearly 337,000 tons, occupying for over 40% of the country’s. T &T Group has planned to import from 120,000 to 150,000 tons of raw cashew nuts in the near future.

The huge cashew nuts purchasing contract of T&T Group signed in the context of economies seriously affected by COVID-19 pandemic not only boosts Vietnam’s position in the field of importing and exporting cashew nuts but also demonstrates the strategic and comprehensive cooperation relation between Côte d'Ivoire and Vietnamese government represented by a prestigious corporation.

Chairman of the Board of Directors cum CEO of T&T Group Do Quang Hien presented the souvenir to the Minister of Foreign Affairs of Ivory Coast Marcel Amon Tanoh on the occasion Minister visited T&T Group in 2019. Photo: Thanh Nien

T&T Group has also pledged to invest in building cashew nuts processing factories in Ivory Coast with a capacity of up to 50,000 tons per year. Nevertheless, due to the COVID-19 pandemic, the construction progress has been interrupted. In the coming time, as the disease is controlled, the project will be accelerated to complete soon.

Vietnam successfully develops two more sets of COVID-19 test kits The Vinmec Research Institute of Stem Cell and Gene Technology (Vingroup) has successfully developed two more sets of SARS-CoV-2 test kits (Vinkit) meeting the standards ...

Vingroup to send donations of 100 ventilators to Da Nang hotspot Vingroup- Vietnam’s leading real estate and retail conglomerate plans on July 31 to donate 100 ventilators produced by Vinsmart to support Da Nang in fighting ...

Australian warships group encountered China navy on Bien Dong Sea (South China Sea) Australian Defence Force joint task group consisting of five warships traveled through the disputed waterways, including the Truong Sa (Spratly) Islands, to challenge Beijing's territorial claims.