Vietnam’s Deputy Prime Minister Le Van Thanh has signed a decision approving a project to sustainably develop macadamia cultivation and processing in the 2021-2030 period. Under the scheme, macadamia export value is hoped to reach about US$400 million in 2030 and about US$2.5 billion in 2050, with the percentage of macadamia in shells being less than 40 percent.
In 2030, macadamia nut output is expected to reach about 130,000 tons, which will increase to about 500,000 tons in 2050. The country aims for 130,000-150,000 hectares of macadamia farm by 2030, mostly in northwestern and Central Highlands regions. Basing on the evaluation of macadamia farming efficiency in the 2021-2030 period, the area could be expanded to about 250,000 hectares in 2050.
According to the project, in order to develop markets for macadamia products, localities should build their own macadamia trademark with geographical indication, while carrying out trade promotion activities to introduce the products to domestic consumers.
At the same time, they are advised to coordinate with ministries, businesses and the Vietnamese Macadamia Association to expand export market and remove trade barriers, while strengthening the export of the nuts both whole and processed through official channels and increase the export of processed products.
