Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s export revenue of this product may exceed last year’s record of 4 billion USD.
A Vietnam booth has been arranged at the International Coffee & Tea Industry Expo (ICT Asia) that is underway in Singapore from May 25-27, aiming to give a chance for Vietnamese businesses to introduce their products and trademarks, and seek partnerships with their Singaporean and international peers.
Over the past month, the price of coffee bean has continuously increased, reaching the mark of 60,000 VND (2.55 USD) a kilogramme, the highest in the past 15 years, in the Central Highlands provinces which are considered the country's "coffee capital".
The Central Highlands province of Gia Lai – one of Vietnam’s coffee growing centres - is striving to develop its specialty coffee brand by focusing on increasing the quality and value of products.
Despite being a key export item, earning billions of dollars each year, Vietnam’s coffee still lacks a national brand to enhance its value. Managers and businesses in the industry all agree on the need for a national brand.
Global and domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over 4 billion USD this year, a record set in 2022, while the global supply is narrowing down.
The coffee industry of Vietnam is working to increase the value of raw coffee exports as low added value still makes up the majority of the product that is shipped overseas.
The northern mountainous province of Son La is not just about apricot and docynia indica blossoms. Visitors to the province at this time of year will be stunned by the picturesque sight of white blossoms from coffee trees casting a pure white hue over local villages.
The Buon Ma Thuot Coffee Association held a seminar on April 27 looking back on five editions of the annual Vietnam Amazing Cup which aims to discover and honour specialty coffee manufacturers, roasters and traders, contributing to improving the value of Vietnamese specialty coffee.
Vietnam International Café Show 2023, a coffee, food and beverage exhibition, opened in Ho Chi Minh City on April 13, attracting more than 400 domestic and international exhibitors.
DNL Viet Nam Import Export and Trading JSC, in collaboration with its Russian partner Solaris LLC, is introducing its three-in-one coffee product branded Wakey at the Coffee Tea Cacao Russian Expo 2023 (CTCRE) which is taking place from April 12-14 in Moscow, Russia.
Coffee prices in Vietnam have experienced a gradual incline in tandem with the global trend, but the stocks of local coffee producers have remained stagnant, displaying limited liquidity and extended periods of inactivity.
A wide range of activities will be held during the Peruvian Coffee Week which is scheduled to be held from April 8 to April 15 for the first time in Hanoi and Ho Chi Minh City, according to the Embassy of Peru in Vietnam.
In lieu of the dangerous train traffic at the site, the Hanoi Department of Tourism has asked businesses offering tourism and transport services in the city not to launch tours of the train street, a popular destination for many foreign visitors.
In lieu of the dangerous train traffic at the site, the Hanoi Department of Tourism said on April 4 that it has asked businesses offering tourism and transport services in the city not to launch tours of the train street, a popular destination for many foreign visitors.
Introduced to Vietnam in the mid-nineteenth century, coffee has become one of the country’s main industrial crops. Vietnam is now the world’s largest producer of Robusta and second largest coffee exporter. Last year, its earnings from overseas shipments of the products hit a record high of about 4 billion USD, up 32% annually.
Trung Nguyen Legend Corporation, part of the well-known Vietnamese coffee maker Trung Nguyen Group, officially opened its representative office in Gangnam district, the Republic of Korea (RoK)’s Seoul capital on March 28.
Vietnam exported 7,420 tonnes of coffee worth 18.77 million USD to the Netherlands in the first two months of the year, up 93.1% in volume and 105.7% in value year on year, according to the General Department of Vietnam Customs.
Supporting start-ups in building coffee shops in the Republic of Korea (RoK) is among the recommendations by the Vietnam Trade Office in the RoK to help spread the Vietnamese coffee culture in this country, thus contributing to boosting the export of the product.
Vietnam was Spain's largest supplier of coffee by volume last year, with 113,550 tonnes worth 287 million USD, up 21% in volume and 79% in value against 2021.
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