Vietnam Coffee Day was held in Hà Nội last weekend, attracting numerous visitors from local coffee shop owners, and manufacturers to large international coffee import-export corporations and associations. The event was not only a chance for visitors to learn more...
According to VICOFA, as of the end of 2022, Viet Nam exported 1.4 million tonnes of coffee, worth more than US$3.2 billion, contributing to the total export turnover of the country''s agricultural, forestry, and fishery products.
Viet Nam exported 955,000 tonnes of coffee, worth US$1.6 billion in the first six months of 2020, according to the Department of Import and Export under the Ministry of Industry and Trade.
Although ranked second in the world, Viet Nam''s coffee exports are plummeting. Sadly, the price of Vietnamese coffee exports is ranked close to the bottom, much cheaper than the same type of coffee from other countries.
Public-private partnerships, better use of technology, and improved value-chain linkages are needed to ensure the sustainable development of the coffee industry, experts said at a meeting yesterday in HCM City.
Viet Nam exported 1.46 million tonnes of coffee worth US $2.77 billion in the first three quarters of 2018, an increase of 20.1 per cent in volume and 0.4 per cent in value compared to the same period last year.
Viet Nam aims to increase the value of coffee products by processing more than 25 per cent of its coffee beans by 2020, according to the Processing and Market Development Authority.
Viet Nam''s coffee exports in August reached 2.54 million bags
(152,678 tonnes), a growth of 9.2 per cent from July, according to the
General Department of Customs'' statistics.
The Viet Nam Coffee and Cacao Association (Vicofa) proposed to the
state that it launches credit support for the local coffee firms
competing with foreign companies.