Credits provided by banks have generally met the capital demand of businesses, cooperatives and farm households to produce, sell, process and export coffee.
The People’s Committee of Long An province on March 29 launched the Vietnam Sustainable Agriculture Transformation (VnSAT) project in the Mekong Delta locality.
Singapore is expected to be an important gateway for Vietnamese coffee and other farm produce to increase their presence in the Asian market in addition to traditions ones like Europe and the US.
The volume of coffee exports from Laos has decreased over the past couple of years due to a slump in coffee prices on the world market, according to the Lao Coffee Association (LCA).
Starbucks Vietnam on December 29 introduced Starbucks Reserve® Vietnam Da Lat, its first single-origin coffee from the country, which will go on sale at its Vietnamese stores from January 4, 2016.
The Vietnam National Coffee Corporation (Vinacafe) will be equitised in 2017, following a directive of the government on restructuring the HCM City-based company.
The global market share of Vietnamese coffee has shrunk from 22 percent in 2014 to 18 percent this year even though the country is still the world’s second biggest coffee exporter.
Coffee bean output in the 2015-16 crop in the Central Highlands province of Dak Lak is likely to reach 440,000 tonnes, a decrease of 14,000 tonnes from the last crop.
Vietnam has risen to fourth place among instant coffee exporters worldwide in 2015, with total expected shipment of 675,000 tonnes, up 25 percent from previous year.
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.