Cashew nuts are among the most popular nuts in Vietnam and many countries worldwide. Therefore, it is not surprising that Vietnam is the leading country exporting this nut.
Today, Vncomex will cover the origin of this nut and how to import cashew nut from Vietnam. So, let’s read on!
The Origin Vietnam Cashew
Cashews are native to the Northeastern region of Brazil. However, from the 16th century, the Portuguese brought the cashew tree to grow in India, Malaysia, and some East African countries.
This plant has grown widely in tropical Asian countries, including Vietnam.
When it comes to exporting this nut, Vietnam is currently the largest exporter globally. People mainly grow these trees in the southern provinces, especially the Central Highlands and the Southeast. Currently, the provinces with the most significant cashew acreage include:
- Binh Phuoc
- Dong Nai
- Dak Lak
- Binh Thuan
- Binh Dinh
In Vietnam, the raw cashew season starts in January and ends around the middle of the year. During the period, the price may increase slightly due to increased demand. Besides, the weather is also a factor that significantly impacts the price of raw cashews.
This nut contains many different nutrients, in which fat content accounts for 44.9%, starch accounts for 19.82%, sugar is 13.48%. In addition, it also contains calcium and vitamins, such as B1, B2, D, E, PP. It can be processed into many different products such as milk, cake, candy, etc.
This nut is perfect for the cardiovascular system, bones, and joints. Moreover, eating this seed every day helps to lower cholesterol. In short, it is a nutritious dish suitable for all ages, from the elderly, babies to pregnant women.
>> See More: How To Import Macadamia From Vietnam?
Vietnam Cashew Nut Export Market
Vietnam has started to produce a lot of cashew nuts since the early 1980s. The critical places for this nut production are Binh Phuoc and Dong Nai provinces, located in the tropical climate. Besides, the government always creates the best conditions for people to cultivate the land.
The largest cashew nut growing and production area in Vietnam is Binh Phuoc. Specifically, this province currently has 137,368 hectares for growing this type of nut, accounting for about 50% of the country’s cashew growing area. So, it is not surprising that most of the cashew nut production factories are located in Binh Phuoc.
The fact is that Vietnam has been the world’s leading cashew nut exporter for more than 17 years. Vietnam’s output is 3.4 times higher than India’s. Meanwhile, as we all know, India is the 2nd country in the world in exporting this nut.
To have enough exports, Vietnam has to import two-thirds of the necessary raw materials from abroad, such as Cambodia, Tanzania, Ivory Coast, and some countries in West Africa.
Top areas in cashew growing in Vietnam:
- Binh Phuoc
- Binh Dinh
- Dong Nai
- Binh Thuan
- Kon Tum
- Dak Lak
- So on
Top 5 importing countries
- India
- Germany
- United States
- United Kingdom
- Netherlands
Shipping Process: Taxes and Necessary Procedures
According to the current law, cashew nuts are not on the list of prohibited exports of Vietnam. As a result, any foreign business can import this nut.
>> Read More: Import Tapioca Starch From Vietnam And Potential Production Market
Taxes
The good news is that the price of this nut is among the lowest and is subject to 0% export tax as stipulated in Decree 125 of the Government.
- VAT on exported goods: VAT on exports for this nut is 0%.
- Export tax: This nut is not on the list of taxable exports of Vietnam. Therefore, the exporting party is not subject to an export tax.
On the other hand, at the present age, Vietnam has signed Free Trade Agreement (FTA) with more than 50 countries worldwide. That means you will enjoy a special preferential import tax when importing this good.
Export Procedures
According to the Ministry of Agriculture and Rural Development, this nut belongs to the list of items subject to plant quarantine.
Therefore, the exporting party must register for quarantine of its products when carrying out export procedures. In addition, when going through customs procedures, exported goods must be accompanied by phytosanitary results.
For export procedures, the exporting party must prepare the following documents:
- Commercial Invoice
- Proforma Invoice
- Packing List
- Sales Contract
- Phytosanitary Certificate
- Bill of Lading
- Certificate of Origin
- And more
Shipping Process: Import Cashew Nut From Vietnam
Cashews for export are mainly transported in containers with temperatures between 5 and 25 °C. In unfavorable weather conditions like snow and rain, goods must be protected from moisture to prevent mold damage.
Packing
The shipping packaging is well secured to protect the goods inside from outside pressure. Additionally, they come with dimensional figures to ensure they are compatible with standard container sizes.
Cashew kernels must be packed correctly in sealed containers. The materials used inside the packaging must be clean. The stamps included inside the packaging must be printed with non-toxic ink.
About Vncomex
In general, importing and exporting this good is not difficult. However, if you are inexperienced, we recommend getting help from a trusted company, such as Vncomex.
Our company was established on December 24, 2020, to simplify every business’s import and export process. Since its establishment, we have been the first pick of many businesses and partners in import and export.
For them, quality and reliability is always the top criterion. We constantly strive to create a better future through our services and products.
Today, our company has become the first choice for many companies in more than 30 countries worldwide. This number will increase further in the future.
Conclusion
So, if you want to import cashew nut from Vietnam or any other product, please contact us immediately. Our experienced team will assist you as best as possible. We always attempt to provide our customers with the most reliable services and products.
Hopefully, we will soon become your long-term partner.
