Coffee is considered to be the most typical agricultural product in the process of heading out to the world of Vietnam’s economy. They have big advantages like financially stable, smaller bank loans (due to interest rate difference), hundreds-of-year experience, and large market. However, many experts believe that Vietnam has the potential to overtake Brazil thanks to its favorable climate conditions, lower cost production and a bumper coffee crop. Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. Vietnam’s coffee exports in the first 6 months of 2019 – 2020 decreased by 6-7% over the previous year; reaching 12.8 million bags. The State always considered coffee as one of the major export items of agriculture in particular and our country in general. Additionally, Arabica coffee is also developed in several provinces such as Son La, Lai Chau, Yen Bai, Ha Giang, Tuyen Quang. An expert in the coffee sector said that Vietnamese coffee is currently exported to over 80 countries and territories around the world with export turnover of over $3 billion, accounting for 14 per cent of market share and 10.4 per cent of value of global coffee exports, ranked second after Brazil. Besides, FAO statistics show that in this decade we have exported to the world market nearly 10 million tons of coffee, earning $ 60 billion in total. Bich, N., 2012, Xuat khau ca phe va “so 1 the gioi”, Dec 8 2012, viewed Dec 15 2012, http://tuoitre.vn/Tuoi-tre-cuoi-tuan/Van-de-Su-kien/524048/Xuat-khau-ca-phe-va-so-1-the-gioi.html. Vietnam’s main export destinations are Exports: In 2018 the top exporters of Coffee were Brazil ($4.52B), Vietnam ($3.08B), Germany ($2.53B), Colombia ($2.35B), and Switzerland ($2.21B). Study for free with our range of university lectures! You can view samples of our professional work here. In addition to this, the quality of Vietnamese coffee is also recognized and highly appreciated by international market. Coffee industry has contributed significantly to the economy of Vietnam, becoming the second largest agricultural export of Vietnam, accounting for about 3% of GDP, which provides livelihood to more than 2.5 million people. In 2019, approximately 27.2 million 60-kilogram bags of coffee had been exported from Vietnam. Thus, it plays a crucial role towards the national economy, brings more foreign currency for the country. November 2012, viewed 14 Dec 2012, http://www.baomoi.com/Bai-5-Ca-phe-truoc-nguy-co-bi-doc-chiem-vung-nhien-lieu/45/9749577.epi. The last part indicates the future path of Vietnam’s coffee industries to boost our country’s economy. Few Sample Shipment Records of Trung Nguyen Coffee exports from vietnam are given above. Around 80 per cent of Việt Nam’s exports comprise of raw beans, which do not always meet ripeness requirements and are occasionally contaminated by impurities. Improving product quality according to the requirements of the market is also essential. This is a new origin for us, as of 2015, and we are proud to be investing in sustainably grown and priced specialty-grade Arabica in a region with great potential for the future. Vietnamese coffee product offers from exporters, manufacturers, suppliers, wholesalers and distributors globally by price, quantity, order, delivery and shipping terms, country - Page 1 Coffee was introduced to Vietnam for a long time and has been commercialized since 1888. Read more In 1997, Vietnam was in the top four of the largest coffee exporting countries, along with Brazil, Colombia and Mexico; amazingly, after 15 years, Viet Nam has been ranked number one in the world. However, Vietnam’s coffee industry still has to face many difficulties and challenges from both domestic and foreign. To overcome difficulties for domestic firms, market analyzers agree that the relevant agencies should provide synchronization solutions promoting development in the coffee value: technological innovation, processing equipment. Amid the resurgence of COVID-19 in the country, it is expected that Vietnam may miss the set target of $3 billion in coffee export turnover this year due to an expected decline in export prices. Moreover, the businesses themselves have to change in competitive business thinking, increase the quality of coffee towards global value, utilize more effective marketing campaigns,…, Lastly, loan is always the first and foremost conditions to production companies, Central bank should have capital incentives for enterprises to help them buy materials at the beginning. Besides, there are also the rich potential of medicinaland rare production of tropical forests, rivers, mangrove areas, and over 3000 km of coastal warm water and many kinds of seafood. Also shown is the percentage share each export category represents in terms of overall exports from Vietnam. As mentioned above, Vietnam imports coffee from a lot of countries to serve the domestic market. Brazil: US$4.6 billion (15.1% of total coffee exports) Colombia: $2.6 billion (8.7%) … Worldwide exports of coffee beans December 2019, by type of coffee UK: retail price of soluble coffee 2004-2017 Germany: retail price of roasted coffee 2004-2016 Located in the Central Highlands, Vietnam's coffee-growing heartland, we are processors and exporters of premium-quality Robusta coffee. Lookup list of coffee suppliers in Vietnam. Germany, the US and Italy continue to be the largest import markets. In fact, 60-70% exported coffee belongs to firms with FDI. Recent statistics gave out by the Ministry of Agriculture and Rural Development shows that, Vietnamese agricultural trade surplus is $ 8.2 billion with a total export value of agriculture, forestry and fisheries is estimated at $ 22.6 billion from January to November this year. Nevertheless, the satisfactory results could not fix the weakness of the domestic market: international enterprises with the FDI are crowding out domestic enterprises. Do you have a 2:1 degree or higher? In this regard, Arabica coffee exports in is facing a lot of challenges when it … Ket,D., Ca phe truoc nguy co bi doc chiem vung nhien lieu. Besides, the average export prices have been rising significantly, despite the changes of international coffee market. Serving each different coffee market. However, they are not allowed to purchase raw material from farmers. 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