Nigeria exports over $420m cashew to Vietnam in 2025

Nigeria exports over $420m cashew to Vietnam in 2025

Ojo Joseph Ajanaku, president, National Cashew Association of Nigeria (NCAN), has said that Nigeria exported cashew worth $420million to Vietnam in 2025, saying the partnership would improve production efficiency and expand market access for Nigerians products.

Speaking at the 14th VINACAS Golden Cashew Rendezvous 2025, held in Hanoi, Vietnam, from October 26–28, 2025, in celebration of the 35th anniversary of the Vietnamese Cashew Association, Ajanaku said that Nigeria’s Kogi cashew was specially recognised at the conference as the most nutritious in the world.

At the conference, Nigeria and Vietnam entered into a historic partnership to deepen cooperation in cashew production, processing, and trade, following the signing of a Memorandum of Understanding (MoU) between the Vietnam Cashew Association (VINACAS) and the National Cashew Association of Nigeria (NCAN).

Pham Van Cong, VINACAS president, signed on behalf of Vietnam, while Ojo Joseph Ajanaku, president of NCAN, represented Nigeria during the official signing ceremony.

“Kogi cashew has the best nutrients and flavour globally. One of the focus areas of our collaboration with Vietnam is to develop cashew – chased juice production. Through this technology exchange, we intend to harness the by-products and create new export opportunities for Nigeria,” Ajanaku said.

He added that the machinery and expertise coming from Vietnam would support Nigeria’s efforts to build local processing capacity and increase output, thereby contributing to economic diversification and rural employment.

Providing background, NCAN said Nigeria is among Africa’s top cashew producers, contributing over 500,000 metric tonnes annually and exporting mainly to Vietnam and India.

According to the joint communiqué issued after the event, the agreement is expected to enhance bilateral business exchange, promote technology transfer, and position both nations as major players in the global cashew value chain.

Pham noted that VINACAS, with over 500 member companies, represents Vietnam’s leading cashew processors, exporters, importers, and growers, stressing the association’s commitment to sharing expertise and best practices with Nigeria.

Link: https://businessday.ng/life/article/nigeria-exports-over-420m-cashew-to-...