VN exporters start to add value

After focusing on exporting large volumes of unprocessed goods for a long time, more and more Vietnamese companies are now turning to export of processed and value-added products and improving their quality to penetrate global markets. According to experts, this is a needed move if “made in Viet Nam” products are to find a place in the global distribution and value chains. After more than a decade of being the world’s largest processor and exporter of cashew nuts, the Viet Nam Cashew Association said it is time for the sector to change its export strategy to penetrate deeper into the global value chain. This is why the sector has decided to reduce the import of raw cashew this year though it can result in lower exports, the association chairman, Nguyen Duc Thanh, said. “We have researched and shifted our investment for the moment to produce more highly processed products such as salt-roasted cashew, cashew snacks, cashew milk, and other products for export to add more value.” Le Thi Thanh Lam, deputy general director of Saigon Food, said her company invested in a modern production chain to produce more high-quality and value-added products for selling internationally. This yea,r it would focus on processing seafood using a modern production chain and exporting salmon sushi, crab sushi, sea bass kirimi, horsehead fish kirimi, basa fish fillet, shrimp sushi and other products to Japan, she said. This will be a stepping stone for the company to expand to other markets. Many businesses are also… [Read full story]


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