Nigeria, Vietnam Cashew Asso. sign MoU for massive production, business Partnership

The Vietnam Cashew Association (VINACAS) and the National Cashew Association of Nigeria (NCAN) have signed a historic Memorandum of Understanding (Mou) that will put both countries on the global map for national cashew production that will strengthen both nation’s economy.

This was disclosed in a communique issued at the end of the 14th VINACAS Golden Cashew Rendezvous 2025 ,held to commemorate the 35th Anniversary of the Vietnamese Cashew Association held recently in Hanoi City,Vietnam

At the event on October 26, VINACAS was represented by its President, Mr. Pham Van Cong, while NCAN was also represented by its President, Dr. Ojo Joseph Ajanaku.

Speaking at the event, President of VINACAS, Mr. Pham Van Cong, said the association has more than 500 members who are Vietnam’s leading cashew processors, roasters, importers, exporters, traders, brokers, and growers.

He said the collaboration would also boost value addition through modern processing technologies and product diversification, including cashew-based beverages and by-products.

Also speaking, NCAN President, Dr. Ojo Joseph Ajanaku, highlighted the importance the MoU, saying Nigeria exported cashew worth 420 million dollars to Vietnam in 2025, adding that the partnership would improve production efficiency and expand market access for Nigerian products.

He 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 him, Kogi cashew is now widely recognised and accepted even at the conference as the best and most nutritious cashew in the world.

“It has the best nutrients in the world and the flavor is one of the major projects our partnership with Vietnam will focus on. We will join the rest of the world to appreciate and harness what we have at home here. We are going to explore this technology exchange opportunity to start juicing the Kogi cashew. We will use the processing technologies to harness the Kogi cashew by products, especially the juice.

“With this MoU, we will be having the Nigeria, Vietnam sign historic MoU for cashew production, business exchange Abuja

The Vietnam Cashew Association (VINACAS) and the National Cashew Association of Nigeria (NCAN) have signed a historic Memorandum of Understanding (Mou) that will put both countries on the global map for national cashew production that will strengthen both nation’s economy.

This was disclosed in a communique issued at the end of the 14th VINACAS Golden Cashew Rendezvous 2025 ,held to commemorate the 35th Anniversary of the Vietnamese Cashew Association in Hanoi City,Vietnam on October 26-28th 2025

At the event on October 26, VINACAS was represented by its President, Mr. Pham Van Cong, while NCAN was also represented by its President, Dr. Ojo Joseph Ajanaku.

Speaking at the event, President of VINACAS, Mr. Pham Van Cong, said the association has more than 500 members who are Vietnam’s leading cashew processors, roasters, importers, exporters, traders, brokers, and growers.

He said the collaboration would also boost value addition through modern processing technologies and product diversification, including cashew-based beverages and by-products.

Also speaking, NCAN President, Dr. Ojo Joseph Ajanaku, highlighted the importance the MoU, saying Nigeria exported cashew worth 420 million dollars to Vietnam in 2025, adding that the partnership would improve production efficiency and expand market access for Nigerian products.

He 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 him, Kogi cashew is now widely recognised and accepted even at the conference as the best and most nutritious cashew in the world.

“It has the best nutrients in the world and the flavor is one of the major projects our partnership with Vietnam will focus on. We will join the rest of the world to appreciate and harness what we have at home here. We are going to explore this technology exchange opportunity to start juicing the Kogi cashew. We will use the processing technologies to harness the Kogi cashew by products, especially the juice.

“With this MoU, we will be having the technologies transferred to us. We can produce juice of various types. The machineries that are coming to Nigeria will maximize the processing, so as they continue to transfer the technology to us, we will be taking advantage of their capacity to increase our production and push more and more to them, while we are building our own capacities for processing in Nigeria, thereby growing the non-oil sector of the economy,” he said.

Blueprint reports that the event also attracted key Nigerian stakeholders, including Muhammed Tukur Usman, Director, FDA-FMAS; Mr. Babagana Musti, representative of NEXIM Bank; Jude Osilama and Evidence Iyamu, NCAN exporters.

Others are Mr. Victor Omofaiye, DG of the Kogi State Commodity Exchange, Export Promotion, and Market Development Agency (KOSCEPA), Alh. Abu Muhammed Kabir, NCAN Financial Secretary; and Tchidi Okike Zacchaeus, a merchant farmer. technologies transferred to us. We can produce juice of various types. The machineries that are coming to Nigeria will maximize the processing, so as they continue to transfer the technology to us, we will be taking advantage of their capacity to increase our production and push more and more to them, while we are building our own capacities for processing in Nigeria, thereby growing the non-oil sector of the economy,” he said.

Blueprint reports that the event also attracted key Nigerian stakeholders, including Muhammed Tukur Usman, Director, FDA-FMAS; Mr. Babagana Musti, representative of NEXIM Bank; Jude Osilama and Evidence Iyamu, NCAN exporters.

Others are Mr. Victor Omofaiye, DG of the Kogi State Commodity Exchange, Export Promotion, and Market Development Agency (KOSCEPA), Alh. Abu Muhammed Kabir, NCAN Financial Secretary; and Tchidi Okike Zacchaeus, a merchant farmer.