Vietnam's exports of coffee and pepper grew slowly in the first half of 2016
According to figures released by Vietnam's Ministry of Planning and Investment, Vietnam's national exports in the first six months of 2016 were 82.24 billion US dollars, an increase of only 5.9 percent over the same period last year, down from 9.2 percent in the same period last year and well below the target of 10 percent export growth for the whole year, according to a report by Vietnam's Investment News on July 8.
Reported that Yue Planning Investment Minister Nguyen Zhiyong reported to the government that the low export growth rate was due to the slow growth of Vietnam's main export commodities such as crude oil, coffee, rubber and pepper. the export value of the processing manufacturing industry increased by only 8.2% year-on-year, less than half of the 18% increase in the same period in 2015. At the same time, exports of mineral fuels fell 38.7 per cent year-on-year due to a sharp drop in production and falling export prices of crude oil.
Nguyen Nguyen, deputy director of the Vietnam Foreign Investment Bureau, said that foreign exports usually account for 70% of Vietnam's total exports, and the export growth is mainly dependent on large projects, and this year there may not be such big projects as Samsung. In the first six months of this year, exports of foreign investment (excluding crude oil) increased by only 9.1 per cent, which is not enough to boost overall export growth. "
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World Coffee Science Congress held in Kunming in November
The World Coffee Science Conference is the best communication opportunity and platform for the coffee industry. it is also the second time in the 50 years since the establishment of the World Coffee Science and Information Association that it has been held in an Asian country. it will promote a positive dialogue between Yunnan coffee industry and world-class scholars and enterprises. Said Nelig, president of the World Coffee Science and Information Association. Secretary of the Local Organizing Committee of the 26th World Coffee Science Congress
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Coca-Cola joined hands with Green Mountain Coffee to enter the Coffee Industry
Green Mountain Coffee has become a coffee giant selling cups in the United States because of its famous single-cup coffee marketing model. With its special single-cup coffee maker and Krieger K cup, which makes only one cup of coffee at a time, Green Mountain Coffee has successfully entered 13% of households in the United States. Financial data show that Green Mountain Coffee achieved sales revenue of US $1.39 billion in the first quarter, an increase of 4% over the same period last year, of which about 94% came from coffee.
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