Dong Nai’s coffee exports fetch over 420 mln USD Business

Dong Nai’s coffee exports fetch over 420 mln USD

The southern province of Dong Nai earned more than 420 million USD from exporting 193,000 tonnes of coffee in the first nine months of this year, up 43 percent in value and 42 percent in volume compared to the same period of 2013.

Vietnam set to become world’s largest coffee exporter

In the staunchly competitive coffee industry, leading economists forecast Vietnam is set to become the world’s largest coffee exporter, providing the Southeast Asian nation can surmount its shortcomings, radio The Voice of Vietnam (VOV) reported.

Coffee traders may get loan boost

The Ministry of Finance has submitted a proposal to the Prime Minister to help troubled coffee exporters by extending the period when they could receive loans.

Trade deficit increases sharply

Vietnam’s trade deficit in May increased to a record 1.2 billion USD, raising the total trade deficit figure in the first five months of this year to 1.9 billion USD.

It is the third consecutive month the country has seen its trade deficit increase, up from 545 million USD in March and 936 million USD in April.

Survey: VN tops list of 10 most optimistic nations

Vietnam tops the list of 10 most optimistic nations in the world, according to a survey conducted in late 2010 by the France-based BVA Institute.

The survey’s results, which were published by the Le Parisien newspaper on Jan. 3, show that Vietnam ranks first among more than 50 surveyed nations with a proportion of over 61 percent, outdistancing the group’s others such as China, Brazil and Peru.

VinaCapital helps coffee production group

VinaCapital will assist the Thai Hoa Group, specalising in coffee production and export, in capital, relationships and partnerships in order to improve the group’s financial management capacity, develop its trademark and promote its products.

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.