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Coffee industry targets USD6B export value in 2030

VIET NAM NEWS/ANN – The Vietnam Coffee and Cocoa Association has targetted a coffee export turnover of USD5-6 billion in 2030, doubling the export value at present.

To reach this figure, experts believe that the domestic coffee industry needs to increase the proportion of processed coffee products from less than 10 per cent at present to about 25 per cent or even more.

However, increasing the proportion of processed coffee products is a big challenge for the industry due to the level of technology, complex factory operation and awareness of farmers.

At present, Vietnam has 160 coffee roasting facilities, 11 coffee blending facilities and eight instant-coffee processing facilities. The number of instant-coffee processing facilities is small and most of them are operating below their designed capacity. On the other hand, Vietnam’s processed coffee brands still have no place in the world market, and branding takes a lot of money and effort.

Deputy Minister of Industry and Trade Đo Thang Hai said that to gain the target of USD6 billion, Vietnam’s coffee industry needed to strengthen connection between production and trade, expand export markets and develop products associated with brand building, towards building a sustainable coffee value chain.

According to Minister of Agriculture and Rural Development Lê Minh Hoan, if the coffee industry wants to have sustainable development, there must be linkages among provinces or economic regions to form a larger-scale production area and build a brand for Tây Nguyên coffee.

The Ministry of Agriculture and Rural Development (MARD) will continue to implement projects on sustainable development for the domestic coffee industry.

For the Central Highlands provinces, the ministry will set up logistics infrastructure for the coffee industry to create higher coffee value and more processed products.

 

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