Hanoi (VNA) – Vietnam’s coffee exports in 2023 are expected tobreak the record of 4 billion USD in export value set in the previous year.
According to the Ministry of Agricultureand Rural Development, the country shipped 1.36 million tonnes of coffeeabroad, earning nearly 3.5 billion USD.
Vietnam entered the new 2023-2024 coffee crop which began in October, when the export price reached a record high, at 3,603USD per tonne, up 8.9% month-on-month, and 40.7% year-on-year.
With over 710,000 hectares, Vietnam rankssixth in the world in terms of coffee farming area, but has the second biggestoutput thanks to high yields (1.75-1.85 million tonnes).
However, out of the total area, only185,000 hectares have received sustainable production certificates of differentkinds.
Harvesting coffee (Photo: VNA)
Experts advised localities to expand suchkind of area to meet strict requirement of international markets.
At present, the EU is Vietnam’s biggestcoffee importer, followed by the US and Japan. Although coffee exports to Chinado not account for a high proportion, many Vietnamese businesses are payingmuch attention to this market which has an average increase of more than 25%per year in imports.
However, this is also a highly competitivemarket, requiring businesses to invest in diversifying specialty coffeeproducts and processed coffee, and to meet strict quality standards.
Coffee market expert Nguyen Quang Binhanalysed that currently, major markets such as the EU and the US are changingtheir consumption demand from importing coffee beans to processed coffee.Therefore, Vietnam must also prioritise investment in deep processingfacilities to increase the value of coffee products and aim for sustainabledevelopment./.
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.
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Harvesting coffee (Photo: VNA) 
Harvesting coffee (Photo: VNA) 
