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Targets set to boost macadamia processing over next decade

Released at: 14:45, 08/05/2017

Targets set to boost macadamia processing over next decade

Photo: LienVietPostBank

Thirty million new trees, 30 primary processing plants and eight large processing plants part of targets to promote macadamia nut industry over next ten years.

by Ngoc Chi

Vietnam has set a target of planting 30 million new macadamia trees and building 30 primary processing plants and eight large-scale processing plants within the next ten years, the Vietnam Macadamia Association (VMA) told a conference on May 6 in Da Lat in the central highlands province of Lam Dong.  

The 30 million new macadamia trees will have an estimated output of 350,000 to 400,000 tons and a total value of more than $1 billion. The VMA also will cooperate with macadamia associations around the world to support the development of the local industry.

In the year since it was established, the VMA has been active in developing the industrial crop, signing a contract with LienVietPostBank to research and develop a database of growing areas in five central highlands provinces and three northern provinces.

It also signed a cooperative agreement with Australian Macadamias and LienVietPostBank to conduct study tours and surveys by experts and businesses from Vietnam, Australia, and South Africa. Mr. Duong Cong Minh, Chairman of the VMA and the Him Lam JSC, said his company has committed to invest VND1 trillion ($44 million) to develop macadamia planting in Lam Dong province.

LienVietPostBank has also deployed two preferential credit packages with total committed capital of VND13 trillion ($572 million) to support farmers, organizations, and businesses that purchase and process macadamia products.

The VMA, co-founded by LienVietPostBank and the Him Lam Joint Stock Company, was established under Decision No.124/QD-BNV from the Ministry of Home Affairs and is also known as Macca Vietnam.

It is a social and professional organization, representing enterprises, economic organizations, individuals doing business in macadamias, and those conducting research into macadamias.

According to the Ministry of Agriculture and Rural Development, by 2020 the total macadamia area in the central highlands and the north will be 9,940 ha, with 12 processing facilities.

By 2030 the country is expected to have 34,500 ha of macadamia trees, including 7,000 ha of focused growing and 27,500 ha of intercropping. The north will have 4,800 ha of focused growing and 3,250 ha of intercropping, while the central highlands will have 2,200 ha and 24,500 ha, respectively. The two areas will have a total of 30 processing facilities by 2030, including 20 in the central highlands and ten in the north.

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