(HSV VIETNAM GROUP) - HSV Vietnam Group Joint Stock Company would like to respectfully inform our customers and investors that the Company's development has reached a new level when it has received orders to export durian and cashew nuts to the world's No. 1 market in China.
Cashew nuts are loved by many Chinese consumers
China surpasses the US, becoming the largest buyer of Vietnamese products: The reason Vietnamese products "dominate" the market. Cashew nuts are loved by many Chinese consumers. This country spends nearly 2 billion USD/year importing cashew nuts from Vietnam.
Very quickly after entering the cashew business, HSV has acquired the most prestigious certifications in Vietnam.
According to Baijiahao website, cashew nuts are nuts with rich nutritional content and unique flavor, known as the "King of dried fruits". However, the majority of cashew nuts consumed in the Chinese market are imported from Vietnam.
According to Chinese Customs statistics, the country's cashew kernel imports in 2022 will be 42,300 tons, with an import turnover of 2 billion USD; Of which about 37,500 tons come from Vietnam, accounting for nearly 90%. However, China's cashew kernel exports in the same period only reached 2,000 tons, export turnover reached 0.4 million USD.
According to statistics from the General Department of Vietnam Customs, in September this year, China surpassed the US to become the largest customer buying Vietnamese cashew nuts with an export turnover of 73.2 million USD, an increase of 107.6% over the same period last year.
According to Baijiahao, in fact, China also has a history and conditions for growing cashews. This country started growing cashews as early as the 1950s. Currently, China has cashew farms of a certain scale, mainly concentrated in Hainan, Yunnan, Guangxi, Guangdong...
However, due to small cashew growing area, low productivity, and outdated processing technology, China is in a weak position in the global cashew market and cannot compete with the world's leading cashew producing countries such as Vietnam. Therefore, even in such a high-value cashew nut market, China has not yet found its own place.
And with agility and anticipation of this potential market, HSV Vietnam Group Joint Stock Company currently owns a large-scale cashew factory in Binh Phuoc to export to China and other countries with high demand for importing this nutritious agricultural product.
The HSV Certificates it owns can help the Company expand its business and export to countries with the highest quality requirements for agricultural products.
HSV respectfully informs our customers and partners that we have now successfully entered the cashew industry: Owning a cashew nut factory premises in Quarter 1, Long Phuoc Ward, Phuoc Long Town, Binh Phuoc Province, and completed business location registration. HSV has also been granted a number of certificates certifying that the business establishment meets standards within the scope of cashew industry operations for business operations.
We HSV are proud of what we have been doing and will do to join hands and contribute to the development of Vietnam's Agricultural Products industry.
Moreover, HSV's pride is that it has had a large order for agricultural products in the potential market of China and will export to the potential market in the world in 2024. That will be the first step for HSV's leaping success as expected by our customers and investors.
Ha Diem HSV