Vietnam's exports of non-alcoholic drinks to Australia rose 59 percent in the first half of 2021, with the products (excluding canned coffee) reeling in over 9.5 million USD in revenue.
Though COVID-19 has brought challenges to the coffee industry, businesses can nevertheless seek to adapt by exploring innovative and value-added ideas for Vietnamese coffee.
TNI King Coffee Ltd. has launched the “Happy Farmers” project, which serves a bridge that links long–term cooperation with reputable and capable Vietnamese suppliers, aiming to bring Vietnamese farm produce to the world.
Phuc Long Coffee & Tea has announced it will launch its first store in the US this month, two months after its Vietnamese peer, TNI King Coffee opened its first coffee store in the American country.
Phuc Long Coffee & Tea has announced it will launch its first store in the US this month, two months after its Vietnamese peer, TNI King Coffee opened its first coffee store in the American country.
Despite the impacts of the COVID-19 pandemic, competition between coffee chains in Vietnam has become increasingly fierce with more giants trying to grab a slice of the lucrative market.
Khe Sanh Arabica coffee of Pun Coffee Co. Ltd. has won the first prize at the Vietnam Specialty Coffee Competition 2021 held by Buon Ma Thuot Coffee Association in the Central Highlands province of Dak Lak.
The Sherpa Company Limited, a subsidiary of Masan Group Corporation, has acquired a 20-percent stake in Phuc Long Heritage JSC, which owns one of the leading tea and coffee brands in Vietnam – Phuc Long, for 15 million USD, according to an announcement.
Japanese beverage company Kirin Holdings is stepping up support for coffee growers in Vietnam, amid a growing consumer demand for sustainable products.
A project on enhancing capacity and bolstering the protection of children working in coffee production in Dak Lak was officially launched in the Central Highlands province on April 26.
Vietnam exported 428,000 tonnes of coffee worth 771 million USD in the first quarter of 2021, down 17 percent in volume and 11.3 percent in value year on year, according to the Ministry of Agriculture and Rural Development (MARD).
Two State-owned enterprises will receive a total of nearly 62.92 billion VND (2.72 million USD) in funding for their employment of ethnic minority workers from mountainous and extremely disadvantaged regions in 2018 under a decision of Prime Minister Nguyen Xuan Phuc.
Thailand’s PTT Oil and Retail Business (PTTOR) has planned to launch thousands of coffee shops at home and abroad, along with other non-oil businesses, as global auto and fuel players gear up for a near future dominated by electric car growth.
Food producer KIDO Group (KDC) has set a goal of reeling in revenue of 11.5 trillion VND (501.1 million USD) this year, of which pre-tax profit stands at 800 billion VND.
Vietnam’s coffee exports are expected to have a good start to 2021 after a gloomy year due to the severe impacts from the COVID-19 pandemic, according to industry insiders.
The export of coffee declined in both volume and value last year due to certain difficulties that are forecast to linger on for the time to come, insiders have said.
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