The Vietnam Trade Office in Poland has urged exporters to tighten management on product quality after Polish authorities returned a 22-tonne shipment of cinnamon from Việt Nam due to mould.
According to the Việt Nam Pepper and Spice Association (VPSA), Việt Nam is the world’s largest cinnamon producer with a total plantation area of 180,000 ha and has become the world’s largest exporter of cinnamon products since 2021.
Yen Bai aims to develop organic-certified supply chains of cinnamon in the province to keep up with the global demand for sustainable cinnamon products.
The northern mountainous province of Lào Cai has pledged to boost sustainable development of the cinnamon value chain by approving a project on cinnamon forest planting for 2021-2030.
An Binh Commercial Joint Stock Bank has donated 25,000 cinnamon saplings to 23 households in Lào Cai Province and given scholarships worth VND1 million each to 20 disadvantaged students there.
Viet Nam is the third-largest cinnamon producer and exporter in the world after Indonesia and China, and the future is full of potential. However, challenges need to be carefully navigated to are also ahead in ensuring sustainable development.
Cinnamon Inc., an Artificial Intelligence (AI) start-up based in Tokyo and Viet Nam, has successfully raised US$15 million in Series B funding for its expansion of operations in the US market.
Viet Nam has the potential to boost its exports of star anise and cinnamon, but needs supportive policies from the Government, the Lang Son Star Anise Association has said.
Tra My cinnamon, a specialty of the central province of Quang Nam, has received a timely boost in the form of plans to promote investment to preserve and develop cinnamon trees.
The central province has put into operation a cinnamon essential oil
plant for export in Tra Bong district on a total investment of VND69
billion (US$3.3 million).