From farm to cup, Vietnamese coffee is brewing its way into the hearts of coffee lovers worldwide! With sustainability, innovation and a rich cultural heritage, Việt Nam is setting new standards in the global coffee trade.
A sharp rise in export prices has been the major reason behind a surge in the export revenue of Vietnamese coffee sector so far, according to the Việt Nam Coffee-Cocoa Association (Vicofa).
Việt Nam’s coffee exports exceeded the US$5 billion mark for the first time in the 2023-2024 crop year that lasted from October 1, 2023 to September 30, 2024.
The higher price of Robusta coffee brings great benefits to Việt Nam''s coffee industry because about 94 per cent of Vietnam''s coffee growing areas have planted this variety.
Bình Định has granted an investment certificate for Future Enterprises Pte., a member of Singapore’s Food Empire Holdings to develop a freeze-dried instant coffee factory worth VNĐ2 trillion (US$81 million).
Coffee exporting enterprises and authorities need to build an ecosystem to effectively utilise free trade agreements (FTA) to develop the industry, experts have said.
The average export price of Vietnamese coffee to the UK in the first half of 2024 reached US$3,941 per tonne, marking an increase of 68.4 per cent year-on-year.
Vinacafe reported a net profit of more than VNĐ9 billion in 2023, but the company''s accumulated losses still stood at more than VNĐ1 trillion, 2.3 times higher than equity
Cactus, a young Vietnamese enterprise investing in Canada, decided to set up a store in the bustling city of Toronto to introduce Vietnamese coffee, towards exploring and expanding the export market for Vietnamese coffee products.