In a significant boost to Vietnam's sustainable coffee industry, the Dutch Fund for Climate and Development (DFCD) has awarded a non-refundable aid package of EUR575,000 (US$630,786) to Phuc Sinh Corp to support its Environmental, Social, and Governance (ESG) initiatives in the coffee production, processing and export chain.

Vietnamese Ambassador to Italy Duong Hai Hung on October 1 attended a business forum on Southeast Asian markets held in the city of Brescia in Northern Italy, at the invitation of President of the Federation of Employers (Confindustria) of Brescia province Franco Gusalli Beretta.

Experts believe that European Union’s Regulation on Deforestation-free Products (EUDR) compliance will not only elevate export standards but also provide an opportunity to transform Vietnam’s agriculture, making it more sustainable and transparent, and aligning it with the country’s international commitments to green growth.

VOV.VN - The export price of Vietnam’s Robusta coffee beans in the first half of September increased sharply and far exceeded the export price of Arabica coffee beans by nearly US$1,000 per tonne, according to the Vietnam Coffee and Cocoa Association (VICOFA).

VOV.VN - The Binh Dinh Economic Zone Management Board on September 17 decided to grant an investment registration certificate to Food Empire Group of Singapore to construct a US$80.74 million freeze-dried instant coffee factory in Binh Dinh province.

A freeze-dried instant coffee factory will be built in the central province of Binh Dinh with an investment of over VND2 trillion (US$80.74 million), the provincial Investment Promotion Centre has announced.

VOV.VN - The Netherlands’ The & GREEN Fund unveiled plans on August 15 that it will provide up to US$25 million in funding to Phuc Sinh Corporation, one of the key Vietnamese coffee and pepper exporters, to develop a deforestation-free coffee value chain in a sustainable manner.

At the beginning of the week, coffee prices continued their downward trend, averaging at VND118,400 (US$4.75) per kilo in the Central Highlands - the largest coffee growing area in the country, according to giacaphe.com.

Coffee export turnover to most traditional markets has increased sharply since the beginning of the year.

VOV.VN - The EU, the United States, and China represent the three largest coffee import markets from Vietnam since the beginning of the year.