Illustrative image (Photo: VNA) Hanoi (VNA) – Vietnam exported 143,000 tonnes of instant and groundroasted coffee valued at 516 million USD in 2019 thanks to the tidal wave ofinvestment in this sector.
Thecountry now houses four coffee factories, each with capacity ranging from 4,000to 20,000 tonnes.
Despitetheir limited long-term investment funds, domestic firms such as Tin NghiaCoffee Corporation, Intimex Group, Viet My International JSC, An Thai Group andVinacafe Bien Hoa have continued to pour capital into coffee plants. Besides,some foreign businesses also plan to invest in this sphere.
Inthe year, domestic coffee consumption increased 10 percent, and is expected to rise15 percent in the coming years.
TheCentral Highlands region has contributed 30 percent to the sector’s grossdomestic product (GDP) and generated jobs for more than 2 million people.
However,like other crops, coffee is suffering from adverse impacts of climate change,prompting farmers to replant coffee trees. Total replanted area amounts to118,000 ha at present, yet to offer high productivity.
Customsstatistics unveil that as of December 31, 2019, Vietnam had shipped abroad 1.61million tonnes of coffee worth about 2.77 billion USD, down 14.2 percent involume and 21.5 percent in value.
Coffeeis the only Vietnamese agricultural product that has its own day. VietnamCoffee Day (December 10) is to mark the time when President Ho Chi Minh visitedthe Dong Hieu coffee farm in Phu Quy, the central province of Nghe An.
Theevent aims to promote Vietnamese coffee as well as coffee culture, and honourcoffee enterprises and farmers.
Ho Chi Minh City will host the fourth Vietnam Coffee Day 2020 with theparticipation of countries from the Association of Southeast Asian Nations(ASEAN)./.
VNA
