Vietnam’s cashew nut market share in United States’ total imports

Thursday, 07/10/2021 16:10
According to the Ministry of Industry and Trade, despite the cashew industry facing stiff competition from the Ivory Coast and Nigeria, Vietnam's cashew nut market share in the United States' total imports rose slightly from 89.08% in the initial seven months last year to 89.26% this year.

 

This figure therefore indicates that the Vietnamese cashew industry has successfully retained its leading position as one of the largest suppliers of cashew nuts to the US thanks to its stable supply sources and high quality, reported VOV.

Cashew nut exports during the opening nine months of the year are estimated to have reached 425,000 tonnes worth US$2.65 billion, thereby representing a rise of 16.6% in volume and 14.9% in value compared to the same period from last year.

The average export price of cashew nuts throughout the reviewed period dropped by 1.5% on-year to fall to US$6,237 per tonne.

According to statistics compiled by the US International Trade Commission, the US imported approximately 97,620 tonnes of cashew nuts worth US$615.68 million during the seven-month period, marking an increase of 0.5% in volume and a drop of 6.1% in value.

Specifically, the US imported 87,130 tonnes of cashew nuts worth US$545.88 million from the Vietnamese market, up only 0.7% in volume, although representing a drop of 6.4% in value compared to last year’s corresponding period.

Furthermore, strict social distancing measures and high fright costs caused by the fourth pandemic wave have exerted a negative impact on Vietnamese cashew exports to the US, according to a representative from the Import-Export Department under the Ministry of Industry and Trade.

Moving forward, the Import-Export Department forecasts that cashew nut exports will increase in the near future as the fourth quarter can be considered the peak season for cashew nut consumption in major markets such as the US, Europe, and China.

Moreover, social distancing measures have been gradually eased, a factor which has contributed to making production and transportation activities more convenient.

Vietjet Air to resume seven domestic routes on October 10

Budget carrier Vietjet Air is expected to resume seven domestic routes on October 10, including those connecting Ho Chi Minh City to five other localities in the central and Mekong Delta regions, reported VNA.

A Vietjet Air plane (Photo: VietJet Air)

Five of these route connect Ho Chi Minh City to Binh Dinh’s Quy Nhon city, Thanh Hoa, Phu Yen’s Tuy Hoa city, Kien Giang’s Phu Quoc island, and Khanh Hoa’s Nha Trang city, with one return flight per day.

The remaining two link Thanh Hoa to Nha Trang and Phu Quoc, operating two return flights per week.

Following regulations of the Civil Aviation Authority of Vietnam (CAAV), distancing between seated passengers will be applied during the period from October 10 to 19.

Detailed information on flight schedules and ticket sales will be posted on the website www.vietjetair.com, the Vietjet Air mobile app, and the airline's official agents and ticket offices as soon as possible.

Vietjet Air’s fleet is equipped with HEPA filters that are capable of filtering up to 99.7 percent of dust, bacteria and viruses. All frontline staff serving passengers have been fully vaccinated, regularly tested, and fully equipped with epidemic prevention and control equipment.

The new-age carrier Vietjet has not only revolutionized the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations and performance, Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.

Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline was awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others.

Businesses in HCM City welcome back workers

Enterprises based in industrial parks, export processing, and high-tech zones have fully met the requirements according to Ho Chi Minh City's set of criteria for disease prevention when welcoming staff back to work, reported VOV.

Photo for illustration (Source: VOV)

Since early October a number of enterprises located in industrial parks, export processing, and high-tech processing zones in the southern metropolis have begun the process of welcoming back workers to resume production and business activities.

In total, 18 industrial parks, export processing, and high-tech zones have roughly 1,500 enterprises with approximately 288,000 employees between them, in which, over 650 firms with 51,000 workers are running under the "three on-site" option.

According to Nguyen Van Be, chairman of the Business Association in industrial parks in Ho Chi Minh City, these businesses now fully met the southern city's requirements relating to COVID-19 prevention and control.

Most notably, in addition to 110 out of 170 factories with 6,000 employees in Hiep Phuoc industrial park of Nha Be district, a total of 40 further factories have resumed operation since early October, with roughly 30 businesses resuming operations in Linh Trung export processing zone of Thu Duc City.

Furthermore, in the Tan Thuan export processing zone, several industrial parks, including Cat Lai II, Le Minh Xuan, Binh Chieu, and An Ha, 80% of office department employees are working at their company' headquarters.

Moreover, vaccinated workers in provinces bordering Ho Chi Minh City, such as Long An, Dong Nai, and Binh Duong, are also set to start work in the near future.

“Businesses must meet all requirements for disease prevention when re-operating. The Management Board is responsible for appraisal and post-inspection. Currently, businesses are also preparing machinery and hygiene safety to welcome workers back in accordance with regulations. Workers who have received 1 or 2 doses of vaccines must undergo testing before getting to work," Be added./.

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