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 a few weather related challenges, with heavy rains at one point delaying the harvest and pushing prices up, however, these seemed to have been overcome by the end of the month with prices stabilising around US$2.43 per kilo.
Vietnam coffee news, November 2023
Aside from coffee farming, there were a couple of other points of note with regard to coffee in Vietnam. These included:
Highlands Coffee surpassed 700 stores
Vietnamese coffee chain Highlands Coffee, majority owned by Filipino fast food conglomerate Jollibee, extended its network of stores beyond 700 between Vietnam and the Philippines, according to the World Coffee Portal. It currently has 43 outlets in the Philippines and 682 stores in Vietnam, making it the biggest coffee chain in the country.
See also: How to Open a Cafe in Vietnam: Ultimate Guide 2023
The idea of a ‘coffee cartel’ was floated
An op-ed by Keun Lee, an economics professor at Seoul National University argued coffee producers in the Global South should band together to form a ‘coffee cartel’ something like what OPEC is for major oil-producing countries. Essentially, Lee argues they should consolidate small-scale farming operations, and then manipulate the coffee price.
He says this would work to counter high processed coffee import tariffs in developed countries and encourage the development of local processing industries. It should be noted, however, that Vietnam has signed onto a number of free trade deals–including the EVFTA, UKFTA, and CPTPP–that will see tariffs on most items, including processed coffee removed altogether or substantially reduced.
Vietnam’s Cong Cafe opened a new store in Toronto
It’s also worth noting that several Vietnamese coffee brands have also made headway in expanding abroad. In November, Hanoi headquartered Cong Cafe officially opened its first store in Toronto, Canada despite being delayed by about a month.
Coffee exports
Vietnam’s coffee exports, November 2023
| November | Year to date | |||
| Tons | US$ | Tons | US$ | |
| Total | 119,297 | 356,676,290 | 1,415,983 | 3,643,457,545 |
| FIE | 29,956 | 113,409,014 | 512,929 | 1,524,168,360 |
| FIE % of total | 25.11 | 31.80 | 36.22 | 41.83 |
Source: Statistics Of FDI Traders By Main Export, Statistics Of Main Exports By Month
Top 10 markets for Vietnam’s coffee exports, November 2023
| November | Year to date | |||
| Country | Tons | US$ | Tons | US$ |
| Germany | 18,152 | 48,547,599 | 168,144 | 384,238,915 |
| Russia | 12,198 | 36,777,970 | 84,583 | 224,902,917 |
| USA | 10,244 | 28,065,422 | 104,110 | 253,288,422 |
| Philippines | 6,803 | 22,662,118 | 38,939 | 134,447,057 |
| Spain | 6,265 | 20,434,447 | 79,274 | 216,749,597 |
| Japan | 6,225 | 19,249,070 | 94,297 | 271,773,956 |
| Italy | 5,864 | 14,885,474 | 125,226 | 281,007,186 |
| Algeria | 5,248 | 13,764,870 | 57,423 | 129,843,811 |
| Korea | 5,052 | 14,196,883 | 39,630 | 100,034,238 |
| Thailand | 4,101 | 11,681,503 | 30,938 | 100,333,825 |
| Other | 39,145 | 126,410,934 | 593,419 | 1,546,837,621 |
| Total | 119,297 | 356,676,290 | 1,415,983 | 3,643,457,545 |
Source: General Department of Customs
See also: How to Export Coffee from Vietnam: Ultimate Guide 2023
Coffee imports
Vietnam recorded no coffee imports of a notable size in November 2023 according to the Customs Department of Vietnam.
Vietnam coffee prices
Vietnam has four key coffee producing regions. These are Dak Lak, Lam Dong, Gia Lai, and Dak Nong. Each has their own pricing structure (see below).
Dak Lak
| Dak Lak | ||||
| Per Kilo | Change | |||
| Date | VND | US$ | VND | US$ |
| 1/11 | 59,000 | $2.43 | 500 | $0.02 |
| 2/11 | 57,800 | $2.38 | -1,200 | -$0.05 |
| 3/11 | 57,900 | $2.39 | 100 | $0.00 |
| 4/11 | 58,200 | $2.40 | 300 | $0.01 |
| 6/11 | 58,100 | $2.39 | -100 | $0.00 |
| 7/11 | 58,600 | $2.41 | 500 | $0.02 |
| 8/11 | 57,200 | $2.36 | -1,400 | -$0.06 |
| 9/11 | 58,000 | $2.39 | 800 | $0.03 |
| 10/11 | 58,500 | $2.41 | 500 | $0.02 |
| 11/11 | 58,300 | $2.40 | -200 | -$0.01 |
| 13/11 | 58,200 | $2.40 | -100 | $0.00 |
| 14/11 | 59,400 | $2.45 | 1,200 | $0.05 |
| 15/11 | 59,200 | $2.44 | -200 | -$0.01 |
| 16/11 | 60,000 | $2.47 | 800 | $0.03 |
| 17/11 | 60,000 | $2.47 | 0 | $0.00 |
| 18/11 | 58,800 | $2.42 | -1,200 | -$0.05 |
| 21/11 | 58,300 | $2.40 | -500 | -$0.02 |
| 22/11 | 57,800 | $2.38 | -500 | -$0.02 |
| 23/11 | 58,200 | $2.40 | 400 | $0.02 |
| 24/11 | 57,800 | $2.38 | -400 | -$0.02 |
| 25/11 | 58,500 | $2.41 | 700 | $0.03 |
| 28/11 | 58,700 | $2.42 | 200 | $0.01 |
| 29/11 | 58,900 | $2.43 | 200 | $0.01 |
| 30/11 | 58,900 | $2.43 | 0 | $0.00 |
Source: Gia Caphe
Lam Dong
| Lam Dong | ||||
| Date | Per Kilo | Change | ||
| Date | VND | US$ | VND | US$ |
| 1/11 | 58,200 | $2.40 | 500 | $0.02 |
| 2/11 | 57,000 | $2.35 | -1,200 | -$0.05 |
| 3/11 | 57,000 | $2.35 | 0 | $0.00 |
| 4/11 | 57,200 | $2.36 | 200 | $0.01 |
| 6/11 | 57,100 | $2.35 | -100 | $0.00 |
| 7/11 | 57,900 | $2.39 | 800 | $0.03 |
| 8/11 | 56,500 | $2.33 | -1,400 | -$0.06 |
| 9/11 | 57,300 | $2.36 | 800 | $0.03 |
| 10/11 | 57,800 | $2.38 | 500 | $0.02 |
| 11/11 | 57,600 | $2.37 | -200 | -$0.01 |
| 13/11 | 57,600 | $2.37 | 0 | $0.00 |
| 14/11 | 58,700 | $2.42 | 1,100 | $0.05 |
| 15/11 | 58,500 | $2.41 | -200 | -$0.01 |
| 16/11 | 59,200 | $2.44 | 700 | $0.03 |
| 17/11 | 59,200 | $2.44 | 0 | $0.00 |
| 18/11 | 58,100 | $2.39 | -1,100 | -$0.05 |
| 21/11 | 57,600 | $2.37 | -500 | -$0.02 |
| 22/11 | 57,100 | $2.35 | -500 | -$0.02 |
| 23/11 | 57,400 | $2.36 | 300 | $0.01 |
| 24/11 | 57,100 | $2.35 | -300 | -$0.01 |
| 25/11 | 57,700 | $2.38 | 600 | $0.02 |
| 28/11 | 57,900 | $2.39 | 200 | $0.01 |
| 29/11 | 57,800 | $2.38 | -100 | $0.00 |
| 30/11 | 57,800 | $2.38 | 0 | $0.00 |
Source: Gia Caphe
Gia Lai
| Gia Lai | ||||
| Per Kilo | Change | |||
| Date | VND | US$ | VND | US$ |
| 1/11 | 58,900 | $2.43 | 500 | $0.02 |
| 2/11 | 57,700 | $2.38 | -1,200 | -$0.05 |
| 3/11 | 57,800 | $2.38 | 100 | $0.00 |
| 4/11 | 58,000 | $2.39 | 200 | $0.01 |
| 6/11 | 57,800 | $2.38 | -200 | -$0.01 |
| 7/11 | 58,500 | $2.41 | 700 | $0.03 |
| 8/11 | 57,200 | $2.36 | -1,300 | -$0.05 |
| 9/11 | 57,900 | $2.39 | 700 | $0.03 |
| 10/11 | 58,400 | $2.41 | 500 | $0.02 |
| 11/11 | 58,200 | $2.40 | -200 | -$0.01 |
| 13/11 | 58,100 | $2.39 | -100 | $0.00 |
| 14/11 | 59,200 | $2.44 | 1,100 | $0.05 |
| 15/11 | 59,000 | $2.43 | -200 | -$0.01 |
| 16/11 | 59,700 | $2.46 | 700 | $0.03 |
| 17/11 | 59,700 | $2.46 | 0 | $0.00 |
| 18/11 | 58,500 | $2.41 | -1,200 | -$0.05 |
| 21/11 | 58,000 | $2.39 | -500 | -$0.02 |
| 22/11 | 57,500 | $2.37 | -500 | -$0.02 |
| 23/11 | 57,900 | $2.39 | 400 | $0.02 |
| 24/11 | 57,500 | $2.37 | -400 | -$0.02 |
| 25/11 | 58,200 | $2.40 | 700 | $0.03 |
| 28/11 | 58,400 | $2.41 | 200 | $0.01 |
| 29/11 | 58,600 | $2.41 | 200 | $0.01 |
| 30/11 | 58,700 | $2.42 | 100 | $0.00 |
Source: Gia Caphe
Dak Nong
| Dak Nong | ||||
| Date | Per Kilo | Change | ||
| Date | VND | US$ | VND | US$ |
| 1/11 | 59,000 | $2.43 | 500 | $0.02 |
| 2/11 | 57,800 | $2.38 | -1,200 | -$0.05 |
| 3/11 | 57,800 | $2.38 | 0 | $0.00 |
| 4/11 | 58,000 | $2.39 | 200 | $0.01 |
| 6/11 | 57,900 | $2.39 | -100 | $0.00 |
| 7/11 | 58,500 | $2.41 | 600 | $0.02 |
| 8/11 | 57,100 | $2.35 | -1,400 | -$0.06 |
| 9/11 | 57,900 | $2.39 | 800 | $0.03 |
| 10/11 | 58,400 | $2.41 | 500 | $0.02 |
| 11/11 | 58,200 | $2.40 | -200 | -$0.01 |
| 13/11 | 58,100 | $2.39 | -100 | $0.00 |
| 14/11 | 59,300 | $2.44 | 1,200 | $0.05 |
| 15/11 | 59,100 | $2.43 | -200 | -$0.01 |
| 16/11 | 59,800 | $2.46 | 700 | $0.03 |
| 17/11 | 59,800 | $2.46 | 0 | $0.00 |
| 18/11 | 58,500 | $2.41 | -1,300 | -$0.05 |
| 21/11 | 58,000 | $2.39 | -500 | -$0.02 |
| 22/11 | 57,500 | $2.37 | -500 | -$0.02 |
| 23/11 | 58,000 | $2.39 | 500 | $0.02 |
| 24/11 | 57,600 | $2.37 | -400 | -$0.02 |
| 25/11 | 58,300 | $2.40 | 700 | $0.03 |
| 28/11 | 58,500 | $2.41 | 200 | $0.01 |
| 29/11 | 58,700 | $2.42 | 200 | $0.01 |
| 30/11 | 58,800 | $2.42 | 100 | $0.00 |
Source: Gia Caphe
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