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).
Vinacafe Bien Hoa (HoSE: VCF) is placed among the top three instant coffee producers in Vietnam, alongside Trung Nguyen and Nestle.
VOV.VN - Vietnam exported 825,000 tons of coffee worth US$1.602 billion in the first five months of the year, up 1.8% in volume but down 12% in value from a year ago, according to statistics from the General Statistics Office (GSO).
Vietnam, the second largest coffee exporter in the world, is importing more coffee as demand from restaurants, hotels and shops has increased.
Brazilian Ministry of Agriculture’s manager in charge of coffee Silvio Farnesi has said that the government has approved the importation of robusta coffee for the first time in history, including those from Vietnam, in order to meet domestic demand for instant coffee production.
The bitter dispute between the Chairman of Trung Nguyen Corporation Dang Le Nguyen Vu and his wife Le Hoang Diep Thao over control of the Trung Nguyen Instant Coffee Company JSC will continue after the Binh Duong People’s Court recently decided to postpone the lawsuit.
What happened with the instant coffee market in 2015 showed that the market was unpredictable.
(VOV) -Instant coffee producers operating in Vietnam are expected to produce roughly 675,000 metric tons of instant coffee in 2015, according to estimates provided by the Vietnam Coffee and Cocoa Association (VICOFA).
The local coffee industry should reform production and processing of coffee products to gain added value from those products, experts said.
Dietmar Vogelmann used to work as hotel and restaurant manager in a couple of nations before the German man decided to settle down in Vietnam and open a company to sell roasted and ground coffee of Vietnam.
(VOV) -A decline in the currency of Brazil, the world’s largest coffee exporter, has made it more attractive for Brazilian farmers to sell their beans than to stockpile them, resulting in a glut in the market and tumbling sales prices.
(VOV) - Coffee bean and instant coffee processors in the Central Highland province of Dak Lak have exported products to 80 countries and territories worldwide, 20 more markets than the beginning of this year.
(VOV) - Vietnam fetched US$2.12 billion from exporting 1.04 million tonnes of coffee in the first half of the year, up 31.7% in volume and 24.7% in value over last year’s same period.
The International Finance Corporation (IFC) will provide US$18 million for an instant coffee processing factory in Vietnam to help improve its coffee-processing capacity.