Vietnam wants to earn around $1 billion from growing macadamia by 2030, and although some plantations have achieved partnerships with domestic buyers, 

Central Highlands’ some years ago rushed to grow macadamia trees after hearing about huge profits the plant could bring, though they did not know if the plant could thrive in the local soil and climate conditions.

Chinese enterprises want to buy Vietnam’s macadamia nuts in large quantity, but economists have advised Vietnamese enterprises to remain cautious when doing business with China.

The Vietnam Macadamia Association has been officially set up under a decision by the Ministry of Interior Affairs. LienVietPost Bank and Him Lam JSC were two major businesses lobbying for the association.

VietNamNet Bridge - News about rubber and catfish supply and price decreases of products that have been recalled are lessons to be learned before starting a macadamia development program.

While government officials have urged the farming of macadamia nuts on a large scale as a solution to eliminate hunger and reduce poverty, analysts are doubtful about the “macadamia miracle”.

 Macadamia cultivation is expected to reap considerable benefits for farmers in the Central Highlands region, where the traditional cultivation of coffee and rubber have started reflecting a development limitation.

VietNamNet Bridge – Vietnam has decided to develop 250,000 hectares of macadamia, sometimes called the queen of nuts, in the next five years.

 Mekong Delta targets 1.6 million tonnes of tra fish by 2020; HOSE sees busy year for securities trading; Brighter economic outlook accelerates car sales; First domestic ETF gets listing licence