Officials visit Volcafe's plant in Dong Nai. The facility can process 100,000 tonnes of coffee per year. — Photo baodautu.vn

HA NOI (Biz Hub) — Volcafe Viet Nam inaugurated a US$80 million coffee processing plant in the southern province of Dong Nai, Dau tu (Vietnam Investment Review) online reported.

The construction of the plant began in mid-2014 and now covers four hectares in the An Phuoc Industrial Zone in Long Thanh District. It can process 100,000 tonnes of coffee per year, which is mostly exported.

The company is a new entrant in the domestic market, which is seeing stiff competition among major firms, such as Trung Nguyen, Nestlé and Vinacafe. Nestlé had also opened an $80 million decaffeination plant in Dong Nai's Amata Industrial Zone in late March.

Viet Nam is currently the second largest coffee exporter in the world, after Brazil, and its coffee products are sold in more than 80 countries and territories.

Last year, it exported 1.73 million tonnes of coffee, valued at $3.62 billion, the Ministry of Agriculture and Rural Development said. — VNS