Vietnam has risen to fourth place among instant coffee exporters worldwide in 2015, with total expected shipment of 675,000 tonnes, up 25 percent from previous year.
Hanoi (VNA) - Vietnam has risen to fourth place among instant coffee exporters worldwide in 2015, with total expected๊ shipment of 675,000 tonnes, up 25 percent from previous year, according to the Vietnam Coffee and Cocoa Association (VICOFA).
In the past few years, instant coffee plants have sprouted up in the country as a result of an estimated one billion USD in investment that both domestic and foreign business poured into the sector. Those plants have consumed large volumes of coffee beans and boosted instant coffee exports.
According to industry experts, the processing and export of instant coffee generates higher profits while creating jobs for local labourers.
However, it is crucial to advertise and seek markets for Vietnamese instant coffee brands as the construction of processing plants requires large investment, they said, suggesting that the Government and VICOFA support coffee companies with promotion activities to expand markets for instant coffee.
Instant coffee currently accounts for 14 percent of the world’s coffee consumption. The figure is forecasted to grow by an annual 3 percent in the next five years, leaving huge potential for Vietnamese instant coffee exports.
Vietnam is now home to 19 coffee processing plants, which can produce up to 75,280 tonnes of instant coffee per year.
The Department of Agro-forestry, Fisheries and Salt Production under Ministry of Agriculture and Rural Development said that instead of setting up new processing plants, the Ministry will focus on renovating technology to increase products’ quality in the period from now to 2020.
Vietnamese instant coffee has been present in 40 countries in the world. Its two largest markets are the US and the EU. Local brands include Trung Nguyen and Vinacafe.-VNA
Concerns are growing in southern Dong Nai province as coffee prices are hitting a record low and local coffee producers, particularly small enterprises, are on the verge of bankruptcy.
The Central Highlands provinces of Dak Lak, Lam Dong, Dak Nong and Gia Lai have planned to replant additional 19,224 hectares of coffee trees to enhance the quality and productivity of the sector during this year’s rainy season.
Various kinds of agricultural insurance designed for coffee trees in Vietnam were discussed in depth during a seminar in Buon Ma Thuot city, the Central Highlands province of Dak Lak on August 21.
Vietnamese coffee and investment opportunities in the industry were introduced at the 15th Seoul International Café Show, which wrapped up in the Republic of Korea on November 15.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative photo. (Source: VNA)
