Vietnam seeks to increase value of coffee products
A farmer is harvesting coffee (Illustrative image. Source: VNA)
Specifically, the country hopes to increase the output of roasted coffee from 26,000 tonnes at present to 50,000 tonnes by 2020, mainly for domestic sale.
The ministry has encouraged localities, particularly in the Central Highlands, south-eastern and Mekong Delta regions, to develop technologies to process some 55,000 tonnes of instant coffee annually.
It pledged to enable businesses at home and abroad to invest in producing instant coffee in the Central Highlands, southeastern, south central coastal and northern regions to increase the output to 200,000 tonnes per year, focusing on the Central Highlands (31,520 tonnes per year) and southeastern region (14,480 tonnes per year).
Despite making up a modest percentage of the country’s total coffee beans, processed coffee is expected to rake in more than US$1 billion from exports and domestic sales, a quarter of the sector’s production value.
The ministry said it will support the implementation of coffee processing investment via restructuring products to increase added value.
The State will also help export firms train staff with qualifications and English proficiency, promote trade and participate in international coffee workshops and fairs as well as call for investment in processing industry, set joint ventures and get involved in foreign supply chains.
Processing coffee is a stage that creates the highest added value from VND70 to VND100 million per tonne of coffee beans. However, processed coffee makes up less than 10% of total coffee production nationwide.
The country only has eight instant coffee processing plants and 11 mixed instant coffee ones with respective capacity of 36,480 tonnes and 139,850 tonnes per year.
On the other side, Vietnam has hundreds of small-scale roasted coffee processing facilities.
The Central Highlands province of Dak Lak is a key coffee area of the country, but its processed coffee only comprises about 10% of total coffee beans.
The locality has 163 coffee processing facilities, mainly operating on a small-scale, including five invested in by foreign firms.
In 2016-2017, Dak Lak earned some US$28.8 billion from exporting 4,426 tonnes of instant coffee, making up 2.2% and 6.5% of total output and export turnover.
At present, the country has more than 664,633 hectares of coffee, up 14,000 hectares compared to 2017, including 606,938 hectares for commercial coffee.
In the 2017-2018 crop, Vietnam harvested 1.529 billion tonnes of coffee beans, mainly from Central Highlands provinces.
Related News
Vietnam, Korea Customs sign AEO MRA
11:07 | 26/12/2024 Customs
Prioritizing semiconductor workforce training
09:16 | 15/12/2024 Headlines
Vietnam-Cambodia: Looking back on journey of cooperation
14:45 | 11/12/2024 Customs
Vietnam-China e-commerce: A perspective from Lang Son border
13:39 | 06/12/2024 Headlines
Latest News
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
More News
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export
Fruit and vegetable industry aims for $10 billion in exports by 2030
15:12 | 07/01/2025 Import-Export
GDP grows by over 7 per cent, exceeds target for 2024
15:11 | 07/01/2025 Import-Export
Vietnamese pepper: decline in volume, surge in value
15:10 | 07/01/2025 Import-Export
Việt Nam maintains position as RoK’s third largest trading partner
15:09 | 07/01/2025 Import-Export
Greater efforts to be made for stronger cooperation with European-American market
15:08 | 06/01/2025 Import-Export
Leather, footwear industry aims to gain export growth of 10% in 2025
15:06 | 06/01/2025 Import-Export
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises
14:53 | 06/01/2025 Import-Export
Việt Nam to complete database of five domestic manufacturing industries in 2026
20:57 | 05/01/2025 Import-Export
Your care
Việt Nam tightens fruit inspections after warning from China
08:01 | 15/01/2025 Import-Export
Brand building key to elevate Vietnamese fruit and vegetable sector: experts
08:00 | 15/01/2025 Import-Export
Freight transport via China-Việt Nam cross-border trains posts rapid growth
08:01 | 13/01/2025 Import-Export
Vietnamese retail industry expects bright future ahead
06:22 | 11/01/2025 Import-Export
Complying with regulations of each market for smooth fruit and vegetable exports
13:06 | 09/01/2025 Import-Export