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Vietnam exports over 1.7 million tonnes of coffee in 2020

Vietnam gained 2.7 billion USD from shipping an estimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10 percent of the world’s coffee value and 18 percent of the market share, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam exports over 1.7 million tonnes of coffee in 2020 ảnh 1Vietnam gains 2.7 billion USD from shipping an estimated 1.7 million tonnes of coffee abroad in 2020. (Photo: VNA)
Hanoi (VNA) – Vietnam gained 2.7 billion USD from shipping anestimated 1.7 million tonnes of coffee abroad in 2020, accounting for over 10percent of the world’s coffee value and 18 percent of the market share,according to the Ministry of Agriculture and Rural Development (MARD).

Coffee is among ten key products of Vietnam, and is in top six products withexport value topping 3 billion USD each year.

The country has 664,000 hectares of coffee plantations with a yield of 1.5million tonnes per year, 93 percent of which are grown with coffee robustawhile the remainder being Arabica. Vietnamese coffee has been present in 80countries and territories worldwide.

However, experts at the conference held on December 29 to review the nationalhigh-quality coffee development product said although Vietnam has been renownedfor its coffee volume, the country has not gained reputation for its coffeequality due to impacts of the world’s coffee value, and low proportion ofhigh-added value products.

According to deputy head of the MARD’s Department of Science, Technology andEnvironment Nguyen Quang Tin, in a bid to support the coffee sector to improvevalue and maintain its position as the world’s second coffee producer andexporter amidst fierce competition, Prime Minister Nguyen Xuan Phuc approvedDecision No.787/QD-TTg dated June 5, 2017, listing coffee in the programme todevelop national products until 2020.

Deputy Minister of Agriculture and Rural Development Le Quoc Doanh said thecoffee sector has developed in a more sustainable and effective manner inrecent years, particularly after the ministry approved the coffee re-plantationproject.

The project aimed at 120,000 hectares of coffee under re-plantation by 2020;however, more than 150,000 hectares have been re-cultivated so far. 

Particularly, the World Bank-funded project “Vietnam Sustainable AgricultureTransformation” worth 300 million USD has shown effective since it supportedsustainable development of the coffee sector, Doanh highlighted.

He said there is a huge workload to ensure coffee sector’s sustainabledevelopment, including choosing the best variety, promoting mechanisation, intercroppingplants, and improving management of variety.

The coffee sector have huge export opportunities as Vietnam has signed 14 freetrade agreements so far, especially the EU-Vietnam Free Trade Agreement is saidto help expand markets for the Vietnamese staple, he added./.
VNA
#coffee value #Ministry of Agriculture and Rural Development #market share #coffee plantations #fierce competition #re-plantation #Vietnam News Agency #Vietnamplus
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