Coffee exports this year may hit 4 billion USD
The General Department of Vietnam Customs has said that the local coffee industry may reach an export milestone of 4 billion USD for 2022.
Vietnam has shipped nearly 1.5 million tonnes of coffee worth about 3.2 billion USD so far this year, with an average export price of 2,283 USD a tonne, up 21 percent year-on-year.
Analysts believe export turnover in the coffee industry will grow 30-40 percent this year as the world adapts to Covid-19, with demand substantial while supply is declining. The export price may reach 2,400-2,600 USD a tonne, with momentum lasting into 2023.
Germany is the largest importer of Vietnamese coffee, with 12 percent of value, followed by Belgium and Italy./.
You should also see
Dien Bien Phu Victory echoes, 70 years on
Seventy years ago, Vietnam won the Dien Bien Phu battle, forcing the French government to sign the Geneva Agreement in July 1954 and marking the end of the French military presence in the whole Indochina.
See more
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
