Coffee review

Vietnamese Media says Vietnam Coffee Industry faces challenges

Published: 2024-11-05 Author: World Gafei
Last Updated: 2024/11/05, The Vietnamese coffee industry accounts for 3% of the country's GDP, with an average annual export of more than US $3 billion and providing about 2.5 million jobs, the Saigon Liberation Daily reported on December 9. In the 2013-2014 quarter, Vietnam exported 1.6 million tons of coffee, an increase of 17.2 percent over the same period last year, and exports totaled US $3.4 billion, an increase of 12.5 percent. According to the World Coffee Association (ICO), Vietnam's coffee exports account for 19% of the global total.

The Vietnamese coffee industry accounts for 3% of the country's GDP, with an average annual export of more than US $3 billion and providing about 2.5 million jobs, the Saigon Liberation Daily reported on December 9. In the 2014 quarter of 2013, Vietnam exported 1.6 million tons of coffee, an increase of 17.2 percent over the same period last year, and exports totaled US $3.4 billion, an increase of 12.5 percent.

According to the World Coffee Association (ICO), Vietnam accounts for 19% of global coffee exports, making it the world's second largest coffee exporter after Brazil. The Vietnamese Coffee-Cocoa Association (Vicofa) believes that 80 per cent of Vietnam's coffee exports are realized by foreign companies and that the processing capacity of local enterprises needs to be improved.

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