STRIVE TO REACH ABOUT 130,000 TONS OF MACADAMIA NUTS BY 2030
On March 15, 2022, the Prime Minister promulgates the Decision No. 344/QD-TTg approving the Sustainable Macadamia Development Scheme in the 2021-2030 period, with a vision toward 2050.
According to this Decision, the Scheme’s specific objectives shall be as follows: The yield of processed macadamia will reach about 130,000 tons of nuts by 2030, about 500,000 tons of nuts by 2050; The export turnover of macadamia products will reach about USD 400 million in 2030, about USD 2.5 billion in 2050, of which the proportion of whole macadamia products does not exceed 40%.
A number of solutions mentioned in the Scheme include: To continue research, seed selection and propagation, introduction, and experiment to diversify the Macadamia varieties towards high productivity, quality and economic efficiency, resistance to pests and diseases, and adaptation to ecological sub-regions; To diversify investment funds for sustainable development of Macadamia in the direction of socialization; mainly capital of enterprises, people and other legal capital sources; etc.
This Decision takes effect from the date of signing.
