Coffee exporters reel in success
Coffee exporters from the southern province of Dong Nai shipped over
100,000 tonnes in the first four months of 2014, a double increase
year-on-year, with the US and German topping the list.
Coffee exporters from the southern province of Dong Nai shipped over
100,000 tonnes in the first four months of 2014, a double increase
year-on-year, with the US and German topping the list.
Quach Van Duc, Director of Tin Nghia Corporation - one of the country’s three biggest coffee exporters, said the price in April averages 2,100 USD per tonne.
He said that the Standard Chartered Bank Vietnam has pledged a 22 million USD package for the company to sell the product to Asia and Europe.
The corporation will raise its output to 140,000 tonnes (260 million USD) in the 2013-2014 crop from 100,000 tonnes (200 million USD).
It has 1,000 ha under coffee in Laos, which is at the harvest period.
Coffee is one of Vietnam’s major hard currency earners, with the Central Highlands as the largest growing area. Its exports are forecast to continue thriving in the second quarter of this year.
Last year, the country exported 1.32 million tonnes of coffee, earning 2.75 billion USD.-VNA
Quach Van Duc, Director of Tin Nghia Corporation - one of the country’s three biggest coffee exporters, said the price in April averages 2,100 USD per tonne.
He said that the Standard Chartered Bank Vietnam has pledged a 22 million USD package for the company to sell the product to Asia and Europe.
The corporation will raise its output to 140,000 tonnes (260 million USD) in the 2013-2014 crop from 100,000 tonnes (200 million USD).
It has 1,000 ha under coffee in Laos, which is at the harvest period.
Coffee is one of Vietnam’s major hard currency earners, with the Central Highlands as the largest growing area. Its exports are forecast to continue thriving in the second quarter of this year.
Last year, the country exported 1.32 million tonnes of coffee, earning 2.75 billion USD.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
