The Vietnamese Government aims to turn macadamia into a strong export commodity.
Vietnam strives to reach US$400 million worth of macadamia export in 2030 and $2.5 billion in 2050, with the proportion of macadamia in shell not exceeding 40%.
Macadamia trees in Lam Dong Province's farming house. Photo: the Vietnam Macadamia Association |
This is the goal of a project to sustainably develop macadamia cultivation and processing in the 2021-2030 period, with a vision to 2050, approved by Deputy Prime Minister Le Van Thanh on March 15.
Under the project, the output of processed macadamia nuts is expected to reach about 130,000 tons in 2030 and roughly 500,000 tons in 2050.
The size of the growing area is about 130,000-150,000 ha by 2030, mostly in the northwestern region of Vietnam including Dien Bien and Lai Chau provinces and the Central Highlands provinces of Lam Dong, Dak Nong, and Kon Tum.
Based on the evaluation of macadamia farming efficiency in the 2021- 2030 period, the growing area is expected to expand to about 250,000 ha in 2050.
Economic sectors are expected to invest in macadamia processing with the aim of building 300-400 new macadamia factories with an annual capacity of 100-200 tons each by 2030. The project will also focus on upgrading 65 existing ones.
Especially, the provinces have pledged to help enterprises who are interested in building eight processing factories for high-value macadamia products, each with an annual capacity of 10,000-15,000 tons of fresh nuts.
The enterprises are encouraged to partner with farmers to form a production, processing, and selling chain while localities would be assisted in macadamia varieties research and selection and farming techniques training.
Under the project, macadamia localities will support businesses in building their own macadamia brands with geographical indication and carrying out trade promotion activities so as to develop a consumption market for the product.
The provinces are expected to closely coordinate with ministries, the Vietnam Macadamia Association, and enterprises to expand export markets and remove trade barriers while promoting the official export of macadamia nuts and nuts in the shell as well as processed macadamia products in international markets.
Other News
- Vietnam, Brazil: Building bridges through shared history and new partnerships
- Hanoi to attract tourists by showcasing local specialties at wholesale markets
- National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
- Vietnamese goods in rising demand among Hanoi residents
- Hanoi unveils 2024 rural industrial plans
- Hanoi advances supporting industries for hi-tech services
- Vietnam’s economy remains resilient amid global uncertainties: ADB
- Vietnam’s 9-month fruit and veggie exports match last year's sales
- Growing interest from Chinese investors in Vietnam’s market
- Hanoi Supporting Industry Fair 2024 draws big business
Trending
-
Semiconductor market reaches $18.2 billion: SEMIEXPO Vietnam 2024
-
Vietnam news in brief - November 7
-
Hanoi: Innovative crossroads to celebrate creative values
-
From tradition to trend: How modern approaches spark cultural pride in Vietnam's Gen Z
-
Hanoi works to make bus system greener
-
Capital Law to make Hanoi major center for quality education
-
Expatriate workforce in Hanoi: Growth engine requring thorough administration
-
Hanoi seeks partnerships to build skilled workforce for digital transformation
-
Adorable baby hippo wows Hanoi visitors