Ample room for Vietnamese coffee in Algerian market: Trade Counsellor
There is ample room for Vietnamese coffee in the Algerian market because importers and consumers in the African country favour the coffee's quality and taste, said Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan.
Algiers (VNA) – There is ample room for Vietnamese coffee in the Algerian market because importers and consumers in the African country favour the coffee's quality and taste, said Vietnamese TradeCounsellor in Algeria Hoang Duc Nhuan.
Nhuan said Algeria is now among the top 10 importers of Vietnam's raw coffee. Vietnamese coffee accounts for 30-50% of Algeria's total coffee import. For several years, coffee has also been Vietnam's biggest export item to Algeria, making up over 60% of Vietnam's total export revenue from this market.
In the first 10 months of this year, Vietnam shipped 52,174 tonnesof coffee to Algeria, earning 116 million USD, up 52% in volume and 67% invalue year-on-year. This year’s export turnover is estimated at 125 millionUSD, marking a 47% increase from 2022.
According to the trade counsellor, Vietnamese rawcoffee also has potential to expand its market share in other Africancountries, especially those in North Africa such as Egypt, Libya, Morocco andTunisia, which want to import raw coffee and green coffee beans forroasting and processing to meet the taste of local consumers, increase addedvalue while generating more jobs to local population.
He suggested that Vietnamese coffee exporters actively participate in trade promotion activities such asinternational fairs and exhibitions, online and offline trade conferences, and get the help from the Vietnamese Trade Offices in North African countries to seek partners and importers for the upcomingharvest season.
Coffee is one of the most popular drinks of Algerian people but the country does not cultivate the tree so it imports 100% of coffee needs. With a population of over 46 million people, Algeria imports roughly 130,000 tonnes of various types of coffee beans each year, with a value of around 300 million USD. Robusta constitutes over 85% of Algeria's total coffee import while the rest is Arabica./.
The 7th International Coffee, Tea and Bakery Expo (Coffee Expo Vietnam 2023) will take place from November 2 to 4 at the Saigon Exhibition and Convention Centre, featuring 200 booths with 250 brands from 15 countries and territories.
An appreciation day for coffee farmers took place in the Central Highlands province of Gia Lai on November 7, in conjunction with the launch a project on enhancing capacity and accessing production support resources for coffee production in indigenous communities, promoting emission-reducing coffee production methods in compliance with the EU Deforestation-free Regulation (EUDR) in Gia Lai and Kon Tum provinces.
Despite a high export revenue recorded so far this year, the coffee sector is advised to enhance the quality and competitiveness of their products to better conquer the world market.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.