On the first day of the fair, Long Son Company, a prestigious cashew nut exporter, won a US$500 million contract to ship cashew nuts to Turkey. The company estimates its export earnings for this year at US$110 million.
Dao Van Ho, director of Vietnam’s Trade Promotion Centre for Agriculture, said that the event serves as a bridge for Vietnamese agricultural, food and beverage businesses to enter the European market. This is the fifth time Vietnamese businesses have attended the fair.
According to Ho, Vietnam’s export turnover of agro-forestry-fisheries products is likely to reach US$30 billion this year, compared to US$27.5 billion earned last year.
Held every two years, SIAL is a major global event featuring the world’s leading food retailers and buyers in one location. This year, SIAL attracts more than 6,300 businesses and 150,000 visitors from Europe, the Middle East, Africa and Asia. Vietnam is represented by 16 enterprises.
