Vietnam exported 143,000 tonnes of instant and ground roasted coffee valued at 516 million USD in 2019 thanks to the tidal wave of investment in this sector.
Hanoi (VNA) – Vietnam exported 143,000 tonnes of instant and groundroasted coffee valued at 516 million USD in 2019 thanks to the tidal wave ofinvestment in this sector.
Thecountry now houses four coffee factories, each with capacity ranging from 4,000to 20,000 tonnes.
Despitetheir limited long-term investment funds, domestic firms such as Tin NghiaCoffee Corporation, Intimex Group, Viet My International JSC, An Thai Group andVinacafe Bien Hoa have continued to pour capital into coffee plants. Besides,some foreign businesses also plan to invest in this sphere.
Inthe year, domestic coffee consumption increased 10 percent, and is expected to rise15 percent in the coming years.
TheCentral Highlands region has contributed 30 percent to the sector’s grossdomestic product (GDP) and generated jobs for more than 2 million people.
However,like other crops, coffee is suffering from adverse impacts of climate change,prompting farmers to replant coffee trees. Total replanted area amounts to118,000 ha at present, yet to offer high productivity.
Customsstatistics unveil that as of December 31, 2019, Vietnam had shipped abroad 1.61million tonnes of coffee worth about 2.77 billion USD, down 14.2 percent involume and 21.5 percent in value.
Coffeeis the only Vietnamese agricultural product that has its own day. VietnamCoffee Day (December 10) is to mark the time when President Ho Chi Minh visitedthe Dong Hieu coffee farm in Phu Quy, the central province of Nghe An.
Theevent aims to promote Vietnamese coffee as well as coffee culture, and honourcoffee enterprises and farmers.
Ho Chi Minh City will host the fourth Vietnam Coffee Day 2020 with theparticipation of countries from the Association of Southeast Asian Nations(ASEAN)./.
The third Vietnam Coffee Day kicked off at Dai Doan Ket Square in Pleiku City in the Central Highlands province of Gia Lai on December 9, highlighting the country’s coffee-drinking culture.
Coffee exports in November saw a 13.9 percent decrease in volume to 120,000 tonnes, earning 207 million USD, a drop of 20.4 percent compared to the same period last year.
With the Vietnamese coffee industry currently exporting to 80 countries and territories globally, the sector has already stated its ambitions to reach an export turnover of 6 billion USD in 2020, reported the Voice of Vietnam (VOV).
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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.
Illustrative image (Photo: VNA) 
