In the past ten years, the coffee industry has accomplished the mission of bringing Vietnam to second position in the world on production and export of coffee beans. In the next stage, the industry aims to double the value of coffee manufacturing and exports, contributing to improving the efficiency of the national economy. In particular, by 2020, VICOFA sets to have the proportion of processed coffee estimated at 30% compared to 10% as today, while instant and filter coffee will account for 25% of the total yield. Export turnover is set to reach US$3.8-4.2 billion. In addition, the entire industry will diversify its products in the direction of deep processing with the proportion of processed products reaching 30-40% of total yield and strong brands. By 2030, it is expected to have a total output value of coffee at 200% compared to the present, with export value reaching US$5-6 billion. According to the International Coffee Organisation (ICO), in recent years, the world’s coffee … [Read more...] about Vietnam sets to export US$6 billion of coffee by 2030
Top exporters of coffee
The Hanoitimes - The export of agro-forestry and fisheries products has gradually recovered with Jan-July turnover of 15.9 billion USD, a 12.4 percent year-on-year increase. According to the Ministry of Agriculture and Rural Development (MARD), brighter forecast for the global economy in the third quarter is a good sign for Vietnamese agro-forestry and fishery products. Total revenue of this year expected to reach 26.5 billion USD. Except for rice and rubber, most export staples have seen rises in both volume and value. Agriculture products continued to be major earners, bringing home 8.9 billion USD. In the 7-month period, the country shipped abroad 1.2 million tonnes of coffee, earning 2.5 billion USD, up 31.6 percent and 25.4 percent, respectively, over the same period last year. Key markets of Vietnamese coffee are Germany and the US , which account for 12.9 percent and 12.4 percent of the total revenue, respectively. Tea also contributed 108 million USD, up 4.2 percent, to the … [Read more...] about Export of agro-forestry and fisheries products rise
Rubber Outstrips Coffee as Second Top Export Rubber exports grossed over 782,000 tonnes worth US$2.3 billion, or US$3,050 per tonne, up 94.7 percent in value and 82 percent value. The value also exceeded the initial forecast by US$800 million. The Ministry of Agriculture and Rural Development said Vietnam might ship nearly 830,000 tonnes of rubber abroad in 2011, an increase of 50,000 tonnes from 2010. The value is expected to beat US$3 billion given favourable conditions. At present, Vietnam’s coffee output comes after Indonesia, Malaysia and India. Meanwhile, the country’s productivity is the world’s second highest (1,720 kilos per ha), just after India (1,784 kilos). Ha Linh more news … [Read more...] about Rubber Outstrips Coffee as Second Top Export
Many Top Export Brands Lost: Why? “Binh Thuan dragon fruit” brand has been registered for protection A number of famous brand names of Vietnam like Phu Quoc Fish Sauce, Buon Ma Thuot Coffee, Dak Lak Coffee and Ben Tre Coconut Candy have been lost to foreign organisations because we are too slow in brand registration. This shows that branding is extremely important and urgent for key export sectors. The export branding has been very popular in other countries in the world. For example, Columbia built collective coffee branding in the 1920s. Columbia coffee has become one of the top five coffee brands in US consumer survey. Thanks to its popular brand, Columbian coffee price is always the world leader. In Vietnam, industry branding has gradually drawn attention of industry insiders. Some brand names have been registered for protection like green-skin Ben Tre pomelo, Phu Quoc pepper, Thanh Ha lychee, Binh Thuan dragon fruit and Tien Giang agricultural products. Industry … [Read more...] about Many Top Export Brands Lost: Why?
After the country's exports of farm produce, seafood and forestry products declined in the first five months, the Mekong Delta is making efforts to boost its agricultural exports.— File Photo by Le Hung Vong After the country's exports of farm produce, seafood and forestry products declined in the first five months, the Mekong Delta is making efforts to boost its agricultural exports. According to figures from the Ministry of Agriculture and Rural Development, exports of farm, fisheries and forestry produce were worth US$2.37 billion in May, taking the figure for the first five months to $11.4 billion, or down 7.3 per cent from the same period last year. Exports in the first five months include $1.05 billion worth of rice, a year-on-year fall of 14.6 per cent; $2.41 billion of seafood (down 17 per cent); $1.2 billion of coffee (down 35.2 per cent); and $404 million of rubber (down 5.2 per cent). Explaining the decline, the Ministry of Industry and Trade said a glut in these … [Read more...] about Decline in exports of Mekong Delta produce