Vietnam will process more than 25 percent of its total coffee beans by 2020 to increase the value and build brands for Vietnamese coffee products, according to the Ministry of Agriculture and Rural Development’s Processing and Market Development Authority (AgroTrade).
India’s Tata Group announced plans to expand into Vietnam in a wide range of business sectors, focusing on energy, coffee processing, and agricultural machinery.
Daklak, the nation’s biggest coffee growing area, will launch a tour program in which guests can visit coffee processing facilities and gain hands-on knowledge of the cultural space of Gong which was recognized by UNESCO as an intangible cultural heritage of humanity.
The Ministry of Agriculture and Rural Development (MARD) is carrying out its master plan to develop the coffee processing system by 2020 in a bid to increase the added value of domestic coffee products, said a senior official.
Prime Minister Nguyen Tan Dung has approved the Central Highlands planning till 2030, in which the region will strive for the urbanisation rate of about 40.7%.
Nestle, the world leading nutrition, health and wellness company, will invest US$270 million in building a coffee factory in Vietnam’s Dong Nai southern province, said the Wall Street Journal.