The country will invest VND32.8 trillion (US$2 billion) to enhance the competitiveness of Viet Nam's coffee industry by 2015, the Ministry of Agriculture and Rural Development has said. Some of the money will be used to map out strategies for expanding export markets, especially in China and Eastern Europe. The country will boost the export of coffee kernel to high-end markets and try to bring 50-70 percent of the entire Vietnamese coffee production traded internationally by 2015. Domestic consumption of coffee will also increase by 10-15 percent during this period. Efforts will be made to keep stable the production area of 450,000-5000,000 hectares and the yield of around one million tons a year. A comprehensive and synchronous system of planting, processing and trading will also be developed. A state-of-the-art system will be set up to cope with local and international transaction processes. By 2020, all Vietnamese coffee products will confirm to international standards … [Read more...] about Vietnamese Coffee Industry to Get $2 Billion Makeover
Vietnamese coffee production
VietNamNet Bridge - Starbucks’ announcement to sell Vietnamese coffee at more than 21,500 shops in 56 countries is good news, but it also reveals weaknesses of the Vietnamese coffee industry, according to Dien Dan Doanh Nghiep Newspaper. Many people were surprised to see Vietnam coffee packs with the trademark "Da Lat Blend" at many shops selling Starbucks’s top of the line Reserve products. It was difficult for Vietnamese coffee to set foot in Starbucks stores, so what will happen next? Enter Starbucks The Vietnamese coffee product sold by Starbucks. Packs of Vietnamese coffee sold in Starbucks stores in the US have elegant and bright colors, with the words "Viet Nam - Da Lat". The weight of each package is 250 grams, priced at US$12.5. Starbucks includes the details of the origin and quality of Da Lat coffee from Vietnam. Starbucks emphasized that Da Lat is known as the city of flowers, and also an ideal place for growing coffee. Coffee here grows in the … [Read more...] about Vietnamese coffee sold at Starbucks shops & what’s next?
(VOVworld) - Coffee is one of Vietnam's most important agricultural exports. With increasing coffee export output, Vietnam has become a leading world exporter. But Vietnam's export revenue over the past years haven't matched up to its potential. VOV's Pham Duy sheds light on measures to improve the country's coffee value. Last year, Vietnam earned 3.7 billion USD from selling nearly 1.7 million tons of coffee, accounting for 20% of the world total output. But its value only accounted for 2% of the entire market as most of Vietnam's exported coffee is unprocessed. Luong Van Tu, President of the Vietnam Coffee - Cacao Association, also blamed the decrease in Vietnamese coffee's value on its unstable quality due to large areas of old coffee plants and low productivity. Tu suggested that the government and coffee exporters work out more preferential policies to share burdens with farmers in order to grow new varieties and improve quality and productivity. He calls for 'supporting farmers … [Read more...] about Improving Vietnamese coffee value
Major commodity exchange NYSE Liffe has launched a scheme to grade robusta coffee supplies in Vietnam, a move that experts believe will help exporters and farmers. Under the plan, 50-ton parcels of coffee will be stored in warehouses in Ho Chi Minh City under Liffe's supervision. Samples will then be sent to the UK to be graded. Approved stocks get a certificate valid for six months and can be delivered with no need for retesting, according to reports. Dow Jones cited Peter Blogg, Liffe's head of commodity product management, as saying the scheme could bring more transparency to the market as there will be more of an idea of how much coffee in Vietnam is deliverable. He said the grading will also help exporters secure financing for coffee by attaching a futures value to the supplies at origin. The second-largest European derivatives trading platform also plans to roll out similar schemes to other coffee producers such as Indonesia and Brazil. Experts said the grading by … [Read more...] about Grading scheme to benefit Vietnamese coffee exports
Despite being the world leading exporter of Robusta coffee, Vietnam has to import instant coffee to meet special customers’ needs and a huge volume of green coffee beans every year from Laos and China for processing and exports.In 2017, Vietnam’s coffee exports hit 1.42 million tons, tallying in at US$3.21 billion, a year-on-year decrease of 20.2% in volume and 3.8% in value. Germany and the US are two biggest consumers with market shares of 15% and 13%, respectively.Dr. Nguyen Van Thuong, vice director of Western Highlands Agriculture and Forestry Science Institute (WASI), says Vietnam’s roasted coffee sector is not developed as fast as other countries in the world. Roasted coffee is mainly for domestic use while its export only accounts for nearly 10% of the country’s total coffee export volume. Meanwhile, the processing capacity of instant coffee is around 40,000 tons per year and most of it for exports.Mr Thuong says it is normal for businesses to import … [Read more...] about The paradox of Vietnamese coffee industry