Vietnam to increase added value of coffee Business

Vietnam to increase added value of coffee

Vietnam should encourage domestic and foreign investors to focus on producing high value-added coffee, since it is one of the country’s leading agricultural exports, according to the Vietnam Coffee and Cocoa Association (VICOFA).
Gloomy forecast for Vietnam’s coffee output Business

Gloomy forecast for Vietnam’s coffee output

Vietnam’s coffee output in the 2014-2015 crop is forecast to fall considerably against the previous season due to the prolonged unfavourable weather conditions so far this year, according to the Vietnam Coffee and Cacao Association (Vicofa).
Business

Vietnamese coffee producers seek to scrap VAT

Members of the Vietnam Coffee and Cocoa Association (Vicofa) have agreed to petition the Government to scrap the 5 percent value-added tax imposed on coffee exporters for a year starting in November.
Business

Coffee businesses to reveal debts

Domestic coffee businesses were preparing to report their bad debts to the State bank and related ministries by August 15, according to Nguyen Viet Vinh, General Secretary of the Vietnam Coffee and Cocoa Association (VICOFA).
Business

Vietnam’s coffee output to fall by 25 percent

Vietnam’s coffee output in the 2013-2014 crop is forecast to drop by 25 percent compared to the previous crop due to severe droughts in the Central Highlands, said the Vietnam Coffee and Cocoa Association (Vicofa).
Business

Coffee industry brews up plans

Vietnam 's coffee industry should invest in more professional facilities, adequate irrigation methods and efficient watering systems to gain a stronger foothold in the global market, speakers at the Asia International Coffee Conference (AICC) said in HCM City .
Business

Coffee bean prices at highest for two years

The price of coffee in the Central Highlands has hit its highest level for two years, with a kilo now worth 31,500 VND. In Dak Lak alone, Vietnam ’s key coffee growing area, the price has even risen to 32,400 VND per kilo of beans.
Business

Foreign funds pour into coffee processing

The entry of a few major investors in instant coffee processing has stirred up this market segment in Vietnam, the Dau Tu (Vietnam Investment Review) newspaper reports.
Business

Coffee growers & processors urged to raise quality

The Vietnam Cacao and Coffee Association has urged coffee growers and processors to constantly improve the quality of coffee beans and products following the International Coffee Organisation’s recent warning of the CQP standard of Vietnamese coffee.
Business

Coffee exports face downward price trend

Vietnam’s coffee export has been affected by dropping prices over the past six months which brought the export value down by 12 percent year-on-year despite an increase in volume, said the Ministry of Agriculture and Rural Development.