Seminar seeks to improve value of Vietnamese coffee
The Buon Ma Thuot Coffee Association held a seminar on April 27 looking back on five editions of the annual Vietnam Amazing Cup which aims to discover and honour specialty coffee manufacturers, roasters and traders, contributing to improving the value of Vietnamese specialty coffee.
Dak Lak (VNA) – The Buon Ma Thuot CoffeeAssociation held a seminar on April 27 looking back on five editions of theannual Vietnam Amazing Cup which aims to discover and honour specialty coffee manufacturers,roasters and traders, contributing to improving the value of Vietnamese specialtycoffee.
The competition washeld for the first time at the seventh Buon Ma Thuot coffee festival in 2019.
Over the past five years, the competition has attracted 207participating units, with 339 samples. As a result, 250 samples have met specialtycoffee standards according to the international rating scale.
ꦍ Speaking at theevent, President of the association Trinh Duc Minh said through the competitions, all coffee-growing regions in Vietnam haveshown their potential to produce specialty coffee. Of them, the CentralHighlands province of Dak Lak has demonstrated its advantages in developing robustacoffee both in terms of quantity and quality.
President of the Buon Ma Thuot Coffee Association Trinh Duc Minh speaks at the event (Photo: VNA)
Participants at theevent discussed coffee varieties that have potential to produce specialtycoffee, as well as solutions to specialty coffee marketing and processing.
Le Trung Hung, chiefrepresentative of InterKom S.p.A in Vietnam,suggested the Vietnamese ministries, agencies and localities come up withmeasures to train farmers in specialty coffee cultivation and processing, andhold promotion activities.
🀅 Headvised them to trace the origin of coffee, climate and soil conditions, andthe varieties of award-winning coffee for replication; set up and operatecoffee training centres in both material zones and consumption areas at lowprices to encourage those involved in the coffee value chain to improve theirexpertise./.
Coffee prices in Vietnam have experienced a gradual incline in tandem with the global trend, but the stocks of local coffee producers have remained stagnant, displaying limited liquidity and extended periods of inactivity.
DNL Viet Nam Import Export and Trading JSC, in collaboration with its Russian partner Solaris LLC, is introducing its three-in-one coffee product branded Wakey at the Coffee Tea Cacao Russian Expo 2023 (CTCRE) which is taking place from April 12-14 in Moscow, Russia.
Vietnam International Café Show 2023, a coffee, food and beverage exhibition, opened in Ho Chi Minh City on April 13, attracting more than 400 domestic and international exhibitors.
The coffee industry of Vietnam is working to increase the value of raw coffee exports as low added value still makes up the majority of the product that is shipped overseas.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.