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Vietnam is among the world’s biggest coffee exporters. In 2022, Vietnam exported coffee to the tune of 1.78 million tons second in volume only to Brazil. This brought the burgeoning Southeast Asian nation either US$3.2 billion or US$4 billion, depending on who you ask. Either way, it’s a huge amount of coffee and there is clearly a huge demand for it.
In this section we keep track of how Vietnam’s coffee industry is developing including key trends and the latest news.
See also:
— How to Open a Cafe in Vietnam
— How to Import Coffee to Vietnam
Of note, Spain led as the largest importer in September with 5,786 tons, valued at US$34.19 million, showing moderate growth in both tons (5.95 percent) and value (11.77 percent). Italy and China also remained key markets, though Italy saw a major decline in volume (-46.2 percent) and value (-38.11 percent).
Vietnam’s coffee exports climbed by 5.5 percent in August over July from US$381.2 million to US$402.2 million. Vietnam’s coffee exports for the year now stand at US$4 billion which is an increase 35.6 percent over the same period last year. That said, Vietnam has seen a decline in the volume of coffee exports of 12.1 percent year-on-year.
This announcement is in line with Vietnam being one of the biggest coffee producers in the world. This has seen a number of key international brands develop processing facilities in Vietnam. Notably, last year, France’s Louis Dreyfus Company and Poland’s Instanta Sp. z o.o. inaugurated a freeze-dried instant coffee production facility in Vietnam’s Binh Duong province. The project reportedly cost US$84.2 million with a capacity of 5,600 tonnes…
In 2024, Vietnam continues to be a formidable force in the global coffee industry, maintaining its status as the second-largest coffee exporter in the world, just behind Brazil. Vietnam is particularly renowned for its robusta coffee, which plays a pivotal role in the global market. The country’s robusta production, primarily centred in the Central Highlands, accounts for a significant portion of the global supply, making Vietnam an essential contributor to the international coffee trade…
Of note, opening a cafe or coffee shop in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there a number of technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct and unique coffee culture which can make penetrating Vietnam’s coffee consumer class challenging…
Vietnam frequently ranks as the second biggest coffee producer in the world, even sometimes first. However, whereas in most Western countries Arabica is the coffee of choice, Vietnam specializes in Robusta. As more Western coffee chains have emerged, demand for Arabica has grown. In this context, coffee producers worldwide may
Vietnamese coffee brands are a dime a dozen in line with coffee being a huge part of life in Vietnam. From the streets of Hanoi to the mountains of Da Lat, casual conversation over coffee with friends has become a national pastime. This article details the most well known Vietnamese coffee brands that foreign coffee buyers should be aware of.
In terms of reducing the security risks associated with handling cash, this move by these Starbucks stores makes sense. As far as speed and convenience go, however, it’s not clear that this has been achieved. Of note, QR code transfers can sometimes take some time with multiple steps involved–logging to a bank account, scanning the code, approving the purchase etcetera.
Vietnam’s coffee farmers are refusing to fill orders looking to renegotiate their contracts in light of higher than expected coffee prices, Reuters is reporting. The publication goes on to say that what started as a local problem is now starting to impact the global coffee market. Incidentally, The Investor carried
Vietnam’s Phuc Long Coffee & Tea is set to expand its presences in Hanoi and Ho Chi Minh City in 2024 by up to 60 stores, World Coffee Portal is reporting. The company,a subsidiary of major Vietnam food and beverage conglomerate, Masan Group, is aiming to hit year-on-year sales growth
In an opinion piece in The Investor Phan Minh Thong, general director of Phuc Sinh Group, a local coffee exporter, argues that there needs to be greater fairness in Vietnam’s coffee industry. In particular, he suggests agreements with international buyers are often weighted to the advantage of the buyer but
Coffee prices in Vietnam hit 72,500 (US$$2.87) per kilo today the highest price ever, VN Express is reporting. The publication credits this to concerns about supply shortages due ships avoiding the Suez Canal due to conflict in the Red Sea and instead going around Africa. Vietnam coffee prices, Dak Lak,
Nestle intends to drop an additional US$100 million on its plant in Vietnam’s Tri An province to double its processing capacity, Vietnam News is reporting. The factory currently processes Vietnamese coffee for export to 29 countries. Notably Nestle is the biggest buyer of coffee in Vietnam, buying up around US$700
Up to half of Vietnam’s current coffee farming land may be unusable in 50 years according to Philipp Navratil, global head of Nestle’s coffee strategic business unit, and quoted by Bloomberg. Local farmers are reportedly pulling out coffee plants in favour of more weather resistant crops like avocado and durian.
Each month the-shiv provides a snapshot of Vietnam’s coffee industry covering the latest developments, key performance indicators, and government data. Business picked up for Vietnam’s coffee producers in November as the coffee harvest entered full swing. Exports topped US$327 a big jump from US$168 million back in October. There were
Vietnam will lead growth in coffee consumption in Southeast Asia with Euromonitor predicting the local market to grow by 32 percent, Nikkei Asia is reporting. However, the article notes that competition is fierce and that many local brands in Vietnam are expanding overseas. See also: How to Open a Cafe
China’s Cotti Coffee has opened its first store in Ho Chi Minh City, the World Coffee Portal is reporting. This is in line with a number of international coffee chains looking to enter Vietnam’s consumer coffee market. Data included in the article claims Vietnam to be East Asia’s fifth biggest
Vietnamese farmers are cutting down coffee plants and growing durians and avocados instead, and this, alongside growing local demand for coffee, may see Vietnam’s coffee exports decline, according to Ha Nam, deputy chairman of the Vietnam Coffee Cocoa Association, Bloomberg is reporting. See also: Snapshot: Vietnam’s Coffee Industry, October 2023
The price of January coffee futures in London was up this week after heavy rains in central Vietnam, a key coffee growing region delayed the coffee harvest, Business Recorder is reporting. Domestic coffee prices in Vietnam this week Dak Lak Lam Dong Date Per Kilo Change Per Kilo Change Date
Vietnamese coffee chain, Highlands Coffee, majority owned by Filipino fast food conglomerate Jolibee, extended its network of stores beyond 700 between Vietnam and the Philippines, the World Coffee Portal is reporting. It currently has 43 outlets in the Philippines and 682 stores in Vietnam–making it the biggest coffee chain in
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