The event, co-organised by the Vietnam Cashew Association (Vinacas) and the Vietnam Trade Promotion Agency (Vietrade), is expected to draw about 400 domestic and international delegates from 40 countries and territories across the world.
A number of activities will take place during the event, including a networking programme, dialogues between domestic and foreign cashew businesses, conferences on international cashew cooperation and women’s role in the cashew sector.
Vinacas Vice President and General Secretary Dang Hoang Giang said the event aims to promote trade and expand markets for cashew products, helping cashew growers and processing firms raise their incomes.
Statistics released by Vinacas showed that Vietnam earned 2.98 billion USD from exporting 294,000 tonnes of cashew nuts in the first 10 months of 2017, year-on-year rises of 0.4 percent and 25.6 percent, respectively.
The sector is expected to ship abroad 330,000 tonnes of cashew nuts this year, raking in 3.3 billion USD – the highest amount so far.
With the figure, Vietnam will continue retain a lion share of the global cashew nut market which is estimated at 5.5 billion USD.