|From 2016 to 2020, the total export turnover of Vietnam's macadamia nuts reached 59.6 million USD. (Photo thoibaotaichinh.vn)
The project approved by the Government on March 15 aims to develop macadamia cultivation and processing in 2021-2030 sustainably.
Under the scheme, the macadamia export value is hoped to reach about 400 million USD in 2030 and 2.5 billion USD in 2050, with the percentage of macadamia in shells being less than 40 per cent.
In 2030, macadamia nut output is expected to reach about 130,000 tonnes and increase to about 500,000 tons in 2050.
Vietnam aims for 130,000-150,000 hectares of macadamia farms by 2030, mostly in the northwestern and Central Highlands regions.
Based on the evaluation of macadamia farming efficiency in 2021-2030, the area could be expanded to about 250,000 hectares in 2050.
Under the Ministry of Agriculture and Rural Development (MARD), the General Department of Forestry said it had developed a plan to guide localities to implement the scheme effectively.
It also continues to develop the macadamia production by applying advanced technology and good agricultural production practices (VietGAP, GlobalGAP), and promote organic agriculture to produce quality and competitive macadamia products for domestic and international markets.
According to experts, Vietnam has the potential to develop at least 200,000 hectares of macadamia trees and produce about 600,000 tons of whole shelled macadamia nuts.
According to the General Department of Forestry, from 2016 to 2020, the total export turnover of Vietnam's macadamia nuts reached 59.6 million USD.
Vietnam's macadamia nuts have been exported to 21 countries and territories, including Thailand, Germany, Malaysia, Hong Kong (China), the Netherlands and the US.