Vietnam’s cashew processing industry has started since 1990s. During last three decades, Vietnam has raised itself into being the second largest processor of raw cashew and the largest exporter of cashew kernel (for the eight consecutive years since 2006). 

Vietnam’s current processing capacity exceeds 1.2 million tons. There are about 500 large and medium scale processing sites and 500 small scale ones. All large scale sites have gained GMP, ISO and HACCP certificates. Vietnam has also developed processing capability to add value of roasted, salted roasted and coated with honey or chocolate cashew. Factories are designed to make use of human resource and machinery capabilities to maximize the profit for professors. Cost of financing is about 5% to 7% for the large processors and 10% to 12% for medium scale processors.

The Vietnam Cashew Association (VINACAS) said the country targets 320,000 tonnes of cashew nut exports and 2.5 billion USD in revenue in 2015. Cashew nuts have become one of the key export staples of Vietnam’s farming sector, following rice, rubber and coffee. Vietnam is now home to over 300,000 hectares of cashews in the southern provinces of Binh Phuoc, Ba Ria – Vung Tau and Dong Nai; Phu Yen and Binh Dinh provinces in the central region; and the Central Highlands province of Dak Lak.