Business

Vietnam's coffee exports to RoK likely to increase

Vietnam’s coffee exports to the Republic of Korea (RoK) are forecast to grow in the near future as the RoK’s demand for the product has been on the rise, according to experts.
Vietnam's coffee exports to RoK likely to increase ảnh 1 Farmers gather coffee beans before processing in Buon Ma Thuot city in the Central Highlands province of Dak Lak. (Photo: VNA)

Hanoi (VNA) – Vietnam’s coffee exports to the Republic of Korea (RoK) are forecast to grow in the near future as the RoK’s demand for the product has been on the rise, according to experts.

Although the fourth wave of COVID-19 infections is still complicated in the RoK, the country's coffee consumption demand has not been affected by the pandemic, they said.

Meanwhile, the International Monetary Fund (IMF) raised the RoK's economic growth outlook to 4.3 percent this year and 3.4 percent in the following year which is higher than the 3.6 percent and 2.8 percent estimated in April this year, in spite of concerns about the pandemic’s impact.

According to the Agency of Foreign Trade under the Ministry of Industry and Trade, in 2020 and the first months of this year, the RoK's coffee imports have increased due to a rise in demand for coffee at home under the influence of the COVID-19 pandemic.

Statistics from the International Trade Centre showed that RoK's coffee imports in the first six months of this year reached 94,840 tonnes worth 432.4 million USD, representing year-on year increases of 11.7 percent in volume and 30.3 percent in value.

The RoK increased coffee imports from most of the main supplying markets in the first half of this year. The country imported 19,500 tonnes of coffee worth 30.82 million USD from Vietnam in the period, up 12.8 percent in volume and 5.2 percent in value compared with last year’s figures.

The Vietnamese share of the coffee market as part of the RoK's total imports increased slightly from 20.35 percent in the first six months of 2020 to 20.56 percent in the first six months of this year.

According to a representative of the Agency of Foreign Trade, the Korean culture of enjoying tea, which has existed for a long time, has gradually shifted to using coffee in many different forms. Therefore, coffee is widely used in offices, restaurants, and families in the RoK. Coffee consumption in the RoK accounts for about 6 percent of the total coffee market in the Asia-Pacific region and is one of the world's leading coffee consuming nation./.

VNA
#coffee #export #RoK #import #COVID-19 pandemic #Vietnam Plus #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnamese coffee industry to go global

Vietnamese coffee industry to go global

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.
Vietnam's coffee exports to UK drop in H1

Vietnam's coffee exports to UK drop in H1

Vietnam’s coffee exports to the UK market have decreased significantly as its products fail to meet stricter requirements in terms of quality and consumption trends of British people, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
Son La coffee growers supported in sustainable development

Son La coffee growers supported in sustainable development

More than 4,300 coffee growing households in the northern province of Son La will receive support in coffee farming, production and trade under a 2-year project by the Foundation for International Development/Relief (FIDR) Vietnam Office – a Japan-based international non-Governmental organisation.

See more

Vietnamese and Cambodian businesses sign an MoU during a thematic discussion on cooperation and investment opportunities in the healthcare sector. (Photo: VNA)

Vietnam, Cambodia seek stronger economic, investment cooperation

A Cambodian official underlined his country's openness to Vietnamese firms, calling on them to expand investment in digital transformation, renewable energy, advanced agro-processing, and services and, together, build sustainable partnerships towards shared development and prosperity.

A farmer inspects quality of green-skin pomelos in an orchard. (Photo: VNA)

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnamese Trade Counsellor to India Bui Trung Thuong addresses the online seminar. (Photo: VNA)

Vietnam, India boost connectivity in textile, footwear sectors

As global supply chains are being restructured towards diversification, sustainability and digital transformation, Vietnamese Trade Counsellor to India Bui Trung Thuong noted that this is an opportune time for both countries to deepen cooperation towards building integrated value chains and enhancing product value.

A passenger poses for a photo besides a Vietjet aircraft (Photo: VNA)

Vietjet leads Southeast Asia in emissions efficiency

Under comparable operating conditions, Vietjet’s leading position highlights its ability to optimise performance across its entire operational chain, including aircraft configuration, route network design and load management.

Containers loaded at Cai Mep International Terminal (Photo: VNA)

Vietnam ranks 18th among world’s top exporters in 2025

Vietnam’s exports reached about 470 billion USD for the first time last year, up more than 16% year on year, with a trade surplus of over 20 billion USD, contributing significantly to maintaining macroeconomic stability.

Experts speak at the workshop (Photo: VNA)

Vietnam’s pet care market emerges as lucrative investment opportunity

​ Across the Asia-Pacific, 60% of respondents own pets, while Vietnam’s pet ownership rate stands at 79%, among the highest in the region. Notably, 55% of Vietnamese pet owners have two or more pets, signalling that pet ownership has evolved from a hobby into a modern lifestyle choice.

A view of the workshop on the application of AI and real-world data in food product research and development held in Ho Chi Minh City on April 22. (Photo: VNA)

AI emerges as key driver for Vietnam’s F&B sector breakthrough

Businesses start with projects that deliver quick results within six to 12 months, like quality control systems, demand forecasting, or customer service chatbots. In the long run, F&B companies are advised to move toward with AI-driven operating models to keep up with fast-changing market demands.

Trucks carrying imports enter Vietnam through Lao Cai International Border Gate. (Photo: VNA)

Smart border gates power growth in northern border provinces

With a borderline of about 182 km, Lao Cai aims to turn its border gate economic zone into a key growth engine by adopting a smart border gate model, viewing this as a breakthrough measure for improving management efficiency, reducing logistics expenses, and enhancing customs clearance capacity.

Ken Chau (right), Chairman of the Vietnam Canada Business Association, presents flowers to the organising committee of the Vietnamese Entrepreneurs Awards in Canada 2026 at the event. (Photo: Award organising board)

Vietnamese awards in Canada spotlight community strength

The gala brought together nearly 200 participants, including community leaders, entrepreneurs and guests from across the country, highlighting both the achievements of Vietnamese businesses and the community’s growing role in the socio-economic fabric of Vancouver and other Canadian cities.

Passenger numbers are expected to peak at the start of each break, particularly from the afternoon of April 24 to April 25, with a return wave on April 27 following the Hung Kings Commemoration Day. (Photo: VNA)

Transport sector ramps up capacity for holiday travel surge

Transport experts said the back-to-back holidays will create travel patterns different from previous years. While some people are expected to combine the two breaks into a longer holiday, others will travel during either period depending on personal plans. Passenger flows are therefore likely to be more evenly distributed, helping ease pressure on transport systems.