The Vietnamese coffee industry made a distinct impression in the first two months of this year, with export turnover rising by 26.2% year-on-year to 1.58 billion USD while volume falling by 28.4% to 284,000 tonnes, according to the Ministry of Agriculture and Environment.

Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass 5 billion USD for the first time.

Vietnam’s coffee exports exceeded the 5 billion-USD mark for the first time in the 2023-2024 crop year, that lasted from October 1, 2023 to September 30, 2024.