AloTrip

Where do you travel?

trustpilot

20 000 billion VND for growing Macadamia in Vietnam

Fri, 06 Feb 2015. Last updated Thu, 25 Jun 2015 09:00

Related stories

Tomorrow, 7 Feb 2015, Steering Committee of Central Highlands in collaboration with Central Economic Committee of Lam Dong People Committee will hold a seminar on the development of growing Macadamia in Vietnam in the Central Highlands area.

In this seminar, Him Lam Corporation and LienVietPostBank will introduce a road map for the development of Macadamia on a scale of over 20,000 billion VND in the first five years. This is the first project implemented in Vietnam to develop Macadamia on the large scale. The project will be carried out from choosing cultivar, implementing regional planning and capital lending, and directly involving in the project with farmers in the Central Highlands area. In early 2014, LienVietPostBank and Him Lam proposed the plan with the size of 10,000 billion VND, in which, these investors will directly involve in growing 5,000 hectares. After making survey, the scale of the project is expanded up to 20,000 - 25,000 billion VND. The specific implementation of the project starts from 2015.

 

Vietnam Macadamia was displayed in Festival Macadamia 2015

 

"There are some successful deployment models. Nonetheless, Macadamia in Vietnam is grown on a small scale. We hope that in the future Macadamia will become one of major industrial plants attracting the attention of farmers in the Central Highlands Vietnam. The Central Highlands Vietnam will become a Kingdom of Macadamia in the South East Asia", a leader of LienVietPostBank shared. The upcoming workshop will focus on the above objective with the attendance of both domestic and international enterprises and relevant authorities. According to experts, if Vietnam starts developing Macadamia industry from now, in the next 15 - 20 years, the total annual production of this product can reach at 800,000 tons of Macadamia grains and 250,000 tons of nuts. The commercial value gaining from growing this plant can reach 4 billion USD per year.

Macadamia potentials were recognized by the world. In the near future, Macadamia will become a major plant in Vietnam agriculture sector bringing the high economic values. This was acknowledged by experts in "Vietnam Macadamia - The development potentials and the opportunities for collaboration" Forum held in Hanoi by the Steering Committee of the Northwest Vietnam, Thanh Tay Institute for Research and Technological Development, and International Technology  Trading and Investing Development JSC.

 

A Vietnam farmer is collecting Macadamia

 

Macadamia is known as a Queen of dried fruit because of its outstanding nutritional values and special taste and flavor. According to the statistics of International Nut and Dried Fruit Council (INC), in 2012, the total production of Macadamia reached the number of 145,000 tons, which was equivalent to 728 million USD. The average growth rate of Macadamia market from 2006 until now has fluctuated from 10 - 15% per year. Macadamia in Asia market now has significantly grew. In 2009, Chinese domestic consumption market of Macadamia was estimated at over 16,000 tons with the value of 24 million USD. Besides, 2014 saw the strong development of Macadamia in Chinese and Taiwan. According to incomplete figures, in 2014, China imported 36% of the world total quantity of Macadamia. In addition, there are many potential markets which have been not exploited yet like India, Korea, Vietnam, Middle East, and so on.

 

Macadamia nuts in shell

 

Macadamia is currently a high economic tree, which is known as a "billion-dollar tree" in Vietnam. Seeing the great demand for this product, Vietnam has started growing Maca a decade ago. It is forecasted that the price of Macadamia will continue increasing in the future. With the current price, one hectare of macadamia values 2,000 - 3,000 USD. In terms of economic value, no tree is able to compete with maca, thereby, this is the best choice for poverty reduction in Vietnam. It is expected that, in next ten years, macadamia will become "billion-dollar tree". According to many research, the Central Highlands and the Northwest Vietnam are the most suitable region for growing this tree.

  • View
    4249
  • Share
    0
  • Comment
    0
  • 0
  • 0
  • 0
300 booths participate in Spring Agricultural Fair 2015
300 booths participate in Spring Agricultural Fair 2015

Just few days left, Tet Holiday 2015 is coming. On this special occasion, Vietnam Ministry of Agriculture and Rural Development and Trade Promotion Center for Agriculture are holding Spring Agricultural Fair to serve purchasing demands of consumers.

AgroViet 2014 attracts over 400 booths
AgroViet 2014 attracts over 400 booths

International Agriculture Expo 14th, aka AgroViet 2014 was kicked off on November 14 with the participation of many Vietnamese businesses. The expo is one of the most important event of Vietnam agriculture held annually to promulgate Vietnam products.

Vietnam Airlines sets IPO date in September
Vietnam Airlines sets IPO date in September

IPO is Initial Public Offering in which a company sells its shares to the general public for the first time. Under the plan of equitisation of State enterprises, Vietnam Airlines intends to perform its IPO in September 2014.

National action plan for Vietnam green growth strategy
National action plan for Vietnam green growth strategy

National action plan for Vietnam green growth strategy has been approved recently. This strategy aims to reduce greenhouse gases emissions, develop infrastructure, cope with climate change and drive economic growth in a sustainable manner.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Da Nang takes master plan on urban development
Da Nang takes master plan on urban development

Da Nang authority takes master plan to make the city into a large urban area of Vietnam and a major socio-economic hub of the Central. The plan has been recently declared to the Prime Minister for approval.

Dalat worries nuclear reactor hitting tourism
Dalat worries nuclear reactor hitting tourism

Vu Van Ninh, the deputy of Prime Minister has asked authorities of central part of Vietnam to consider proposal of Lam Dong Province on relocating the future nuclear reactor area outside the resort town in Dalat in years to come.

Cat Bi International Airport to be expanded in 2015
Cat Bi International Airport to be expanded in 2015

Project of expanding Cat Bi International Airport is one of projects on key transportation development in Hai Phong, and it is expected to finish in 2015. This project has a total capital of 3,600 billion dong.

Investment in Vietnam appeals transnational corporations
Investment in Vietnam appeals transnational corporations

Investment in Vietnam has witnessed a rapid growth in recent years with a large amount of capital from transnational corporations, of which many have decided to build basis of mass production and distribution.

Vietnam economy forecasted to grow in 2014
Vietnam economy forecasted to grow in 2014

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

Vietnam Peacekeeping Centre comes into practice
Vietnam Peacekeeping Centre comes into practice

On the morning of May 27th, the Ministry of National Defense held the launching ceremony of Vietnam Peacekeeping Centre. The centre also dispatched 2 officers to South Sudan for the duty of peacekeeping mission of the UN.

Vietnam South Africa trade relation on the rise
Vietnam South Africa trade relation on the rise

In 2015, Vietnam South Africa trade relation is predicted to be more strengthened with high turnover of export. All fields if economy and politics will create favorable conditions for both Vietnam and countries in southern Africa to develop.

Techcombank Vietnam received 2 awards from Asian Banker
Techcombank Vietnam received 2 awards from Asian Banker

Recently, Techcombank Vietnam was honored to be the Leading Counterparty Bank and Best Trade Finance Bank in Vietnam in 2013 by the Asian Banker magazine. This is the consecutive second year that Techcombank received Best Trade Finance Bank award.

Vietnam copyright in cooperation with South Korea
Vietnam copyright in cooperation with South Korea

Recently, Vietnam copyright has been improved by virtue of the cooperation with Korean Ministry of Culture, Sports and Tourism, Korean Copyright Committee. The cooperation helps literary works of Vietnam protected more efficiently.

Vietnam Business Forum 2014 opened
Vietnam Business Forum 2014 opened

On December 2nd morning, Vietnam Business Forum 2014 was officially launched. The forum gave many concerning issues in current situation of Vietnam economy and the world’s one. Vietnam businesses are facing difficulties and advantages.

Soho Street in Hong Kong is dying by COVID 19
Soho Street in Hong Kong is dying by COVID 19

Facing the constant shortage of customers due to the Covid-19 epidemic and the high renting expense, a series of restaurants on Soho Street - the Hong Kong's most bustling area had to close.

Retail groups increase investment in Ho Chi Minh City
Retail groups increase investment in Ho Chi Minh City

A series of large retail groups worldwide along with leading brands of beverage, fast foods, and fashion are strengthening investment in Ho Chi Minh City to expand market share and exploit Vietnam market.

Meeting of ASEAN Puppetry Association to be held in Vietnam
Meeting of ASEAN Puppetry Association to be held in Vietnam

On June, 19th, 2014, The Hanoi Puppetry Theatre organized the opening ceremony of the 6th Meeting of ASEAN Puppetry Association. This event will last from June, 19th to June, 21th with the attendance of ten ASEAN nations.

Bac Luan 2 Bridge path started construction
Bac Luan 2 Bridge path started construction

On March 15, 2015, the construction of path from Bac Luan 2 Bridge started. The project of Bac Luan 2 Brigde is believed to contribute greatly to the development of economy and society of Mong Cai City and Northern region’s economy.

Vietnam - Russia boosts oil and gas cooperation
Vietnam - Russia boosts oil and gas cooperation

Vietnam and Russia oil and gas cooperation is increasingly strengthened by establishing more joint ventures such as Rusvietpetro and Gazpromviet in Russia. This cooperation proves the wish of developing energy, oil and gas sectors of two countries.

Landmark 81 – the highest building in Vietnam
Landmark 81 – the highest building in Vietnam

On December 13th, an 81-storey skyscraper named The Landmark 81, which belongs to luxury urban area Vinhomes Central Park was started construction by Vingroup. It is expected that this highest building in Vietnam will be inaugurated in 2017.

Starbucks Vietnam opens three stores in Hanoi
Starbucks Vietnam opens three stores in Hanoi

Starbucks will open its three coffee shops in Hanoi in the effort to conquer the demanding palates of residents in this city. According to a representative of Starbucks Vietnam, the first three stores will be opened in prime locations of Hanoi.

Ho Chi Minh City opens 2nd McDonalds restaurant
Ho Chi Minh City opens 2nd McDonalds restaurant

After the success of the first restaurant on Dien Bien Phu Street, District 1, McDonalds Ho Chi Minh City will open the second on May 16th. The new restaurant is located near Ben Thanh Market, on Tran Hung Dao Street.

Vietnam economy forecasted to grow in 2014
Vietnam economy forecasted to grow in 2014

As global economy is having positive changes, Vietnam economy will be definitely boosted. It is expected to increase 5.6 percent in this 2014 thanks to the recovery of the United States and Eurozone in banking reforms.

Da Nang becoming the most worth-living city in Vietnam
Da Nang becoming the most worth-living city in Vietnam

39 years after the Vietnam Liberation Day, Da Nang has developed significantly in all aspects. More importantly, Da Nang City has leave impression on tourists and residents as the most worth-living city in Vietnam.

Vietnamese middle class increases most rapidly in Asia
Vietnamese middle class increases most rapidly in Asia

According to a recent survey conducted by ANZ, it is reported that Vietnamese middle class increases most rapidly in Asia, about 2 million Vietnamese joining the middle-class of Vietnamese society every year.

Asia Park Da Nang begins forthcoming operations
Asia Park Da Nang begins forthcoming operations

Sun Group Corporation recently has celebrated groundbreaking ceremony to construct Asia Park Da Nang cultural park and recreation on 2/9 street with a total investment of $ 200 million.

Thu Thiem new urban area of Ho Chi Minh City in future
Thu Thiem new urban area of Ho Chi Minh City in future

Ho Chi Minh City decided to expand center area including the whole Thu Thiem new urban area. There are accordingly some changes in Ho Chi Minh districts as well as the city urban area.

Ho Chi Minh Vincom Center will open Kids World
Ho Chi Minh Vincom Center will open Kids World

The second Kids World will be opened on Dong Khoi Street by Ho Chi Minh Vincom Center, on April 25th. With a scale of more than 5000 square meters, Kids World is expected to be the paradise for children.

Attractive activities for Children Day in Hanoi
Attractive activities for Children Day in Hanoi

June 1st has been chosen as the International Children’s Day since 1950. On this occasion annually, a large number of attractive activities for Children Day in Hanoi will be celebrated in several attractions and amusement parks across the city.