Covid 19 Outbreak: Risk of disrupting Supply Of Cashew nuts
Vietnam Coronavirus: News Updates
Transport authorities rejected the proposal of suspending all flights between Hanoi and Ho Chi Minh City but have reduced the frequency to just one flight on the route per day. However, regular commercial flights between provinces and cities applying social distancing measures were suspended from August 8.
Cashews: The Important Commodity
Cashews nuts are a particularly important commodity, and the US market accounts for nearly one-third of the total value of $3.5 billion in Vietnam’s annual cashew nut exports. Keeping the supply stable is the key to ensuring continued economic growth. Covid 19 Outbreak has a great impact on the supply of Vietnamese cashew kernels to the world market in general and the US market in particular. The risk of disruption to Vietnam’s cashew kernel supply is a concern of many importers around the world. “The association sent AFI’s proposal to the Prime Minister. At the same time, it sent a document to cashew businesses to guide businesses to contact the authorities to actively register for vaccination for their businesses.”
In addition, last week, the American Apparel & Footwear Association (AAFA) also requested the U.S. and Vietnam governments to speed up the distribution of vaccines to major suppliers. Vietnam is the second-largest supplier of apparel, footwear, and travel goods to the U.S., accounting for 20 percent of all U.S. imports. Major suppliers for global brands like Adidas and Nike in Vietnam have shut down Factory operations or operating at limited capacity under strict social distancing orders.
