Vietnamese coffee industry has made steady headway in the international competitiveness rankings with a processing capacity of 2.36 million tonnes per year, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
Vietnam’s coffee industry received some good news recently, with its Robusta coffee securing world records and global recognition. An announcement was made on December 22 in Ho Chi Minh City by TNI King Coffee Co., Ltd., the World Records Union (WorldKings), and the Vietnam Book of Record (VietKings).
Vietnam, the world's biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta, is soaring there amid the COVID-19 pandemic, according to the Nikkei Asia Review.
The Trung Nguyen group, Vietnam’s famous coffee business, plans to open 3,000 E-Coffee shops by 2020, before bringing the franchise chain to overseas market.
Vietnam exported 943,000 tonnes of coffee worth 1.6 billion USD in the first half of 2019, representing decreases of 9.2 percent and 19.9 percent year on year, respectively.
Dak Lak, the country’s largest coffee growing province, plans to reduce the area under the crop from 204,800ha now to 180,000ha by 2030, according to Vice Chairman of the provincial People’s Committee Nguyen Hai Ninh.
Vietnam expects to export 1.7 million tonnes of coffee this year, earning about 3.5 billion USD, said Chairman of the Vietnam Coffee – Cocoa Association (VICOFA) Luong Van Tu.
Italian coffee producers highly evaluated Vietnamese coffee beans as they are essential ingredients of their products, Mario Vicentini from Comunicaffe International, an Italian daily newspaper about coffee, told Vietnam News Agency reporters at Milano Coffee Festival.
Vietnam’s coffee exports are expected to rise in 2018 thanks to projected annual increases of 7.1 percent for domestic yield and 1.3 percent for global consumption in 2017-18 crop.
Vietnam exported 974,712 tonnes of coffee from January 1 to August 15 this year, a reduction of 16.4 percent from the same period last year, earning 2.22 billion USD in value, up 7.9 percent, according to Vietnam’s Customs.
Coffee prices in Vietnam have reached the highest level in six years owing to the shortage of export-qualified beans after the harvest was hit by rains.
Brazilian Ministry of Agriculture’s manager in charge of coffee Silvio Farnesi has said that the government has approved the importation of robusta coffee, including those from Vietnam
Vietnamese coffee and investment opportunities in the industry were introduced at the 15th Seoul International Café Show, which wrapped up in the Republic of Korea on November 15.
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