Foreign units prioritize purchases of Vietnamese rice, coffee: association
Vietnam is one of the world's major producers of rice and coffee, and international partners are prioritizing the procurement of Vietnamese products, according to Ly Kim Chi, chairman of the Food and Foodstuff Association of Ho Chi Minh City.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s coffee export turnover climbs 57% in Q1 on price hikes
Vietnam's coffee exports hit $1.93 billion in the first three months of 2024, a 57.3% increase year-on-year, owing primarily to rising coffee prices.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Very few Vietnamese coffee brands enjoy global exposure: exec
Although there are thousands of coffee firms in Vietnam, only a select few are able to expand the Vietnamese coffee brand globally, said Nguyen Duc Hung, director of Napoli Import-Export Production and Trading JSC.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam exports first batch of organic coffee to Japan
Vietnam's first batch of organic coffee was exported Tuesday to Japan, one of the world's most demanding markets, after two years of talks.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VAFIE introduces investment opportunities to Chinese delegation
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) hosted a business delegation from China’s Chongqing city Thursday and provided information about investment opportunities.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
A hidden gem that suits everyone's taste
Coffee and Vietnam go hand in hand. And for the millions of foreign visitors coming here each year, a real taste of Vietnam can be found on pavements in cities nationwide.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tet gifts market gathers 1,000 products from across the country
Around 50 businesses from 30 plus provinces and towns are offering almost 1,000 products at the ‘Green Lunar New Year – Vietnamese gifts market” held Feb3-6 in Ho Chi Minh City.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Some people laugh, some cry when coffee prices increase
Rising coffee prices have helped Vietnam's coffee industry become better known and benefited farmers, but traders and export businesses have faced many difficulties.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nestlé invests $100 mln to expand production in Vietnam
Nestlé Vietnam on Tuesday announced an additional investment of $100 million in its Nestlé Tri An factory in the southern province of Dong Nai, bringing the factory’s total investment to over $500 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agricultural stocks rebound strongly thanks to bright outlook
With a bright outlook and a number of other supporting factors, tickers in agricultural firms have made strong gains in the past two months, rising by 18-60% and outperforming the 11% recovery of the benchmark VN-Index.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam coffee export turnover to enter $5 bln territory in 2024
The Vietnamese coffee industry is set for a record export turnover next year, hitting $5 billion for the first time ever, industry insiders and experts say.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
‘Pepper king’ spices up market with $62 per kg coffee husk tea
Four years after it began exporting coffee husk tea, the Phuc Sinh Consumer JSC has introduced it in the domestic market at nearly VND1.5 million ($61.83) per kg.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top Vietnamese coffee brand Trung Nguyen opens first US outlet
Vietnamese premium coffee chain Trung Nguyen Legend officially opened its first outlet in the U.S. Friday, following up on its overseas expansion strategy.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
European firms inaugurate $84 mln instant coffee factory in southern Vietnam
The Netherlands-headquartered Louis Dreyfus Company (LDC) and Poland-based Instanta Sp.zo.o. inaugurated a $84.2 million instant coffee factory in Binh Duong province on Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam faces coffee scarcity despite price hikes
Although coffee prices have increased continuously in recent days, Vietnam lacks supply to serve domestic consumption and exports, according to the Vietnam Coffee-Cocoa Association (Vicofa).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six commodity groups to gain from Vietnam-US relationship upgrade
Six commodity groups will particularly benefit from a trading uptick as a result of Vietnam-U.S. relations being elevated to a comprehensive strategic partnership.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam could export $10 billion worth of coffee in 10 years: Simexco Dak Lak CEO
As a gateway from Asia to the world, Vietnam could earn $10 billion from coffee exports in the next 10 years, said Le Duc Huy, CEO of Simexco Dak Lak, one of the country's leading coffee producers.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nestlé to support regenerative, low-emission agriculture in Vietnam
Nestlé Vietnam has signed a strategic partnership agreement with the Ministry of Agriculture and Rural Development to support the country’s transition to regenerative and low-emission agriculture.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coffee farmers embrace regenerative agri-practices for better incomes: Nestle
Improved incomes, increased use of regenerative agricultural practices, and integrated approaches have been adopted by coffee growers in Vietnam and other key coffee-supplying countries, Swiss food and nutrition giant Nestle said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam F&B chain industry sees mixed moves from investors
Investors in Vietnam's food and beverage (F&B) chains have been blowing hot and cold in recent months.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign firms earn $420 mln from Q1 coffee exports
Foreign-invested enterprises (FIEs) in Vietnam earned $419.8 million from exporting coffee in the first quarter of this year, up 3.7% year-on-year, according to customs data.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
CEO multiplies value of Vietnamese coffee
Founder and CEO of King Coffee Le Hoang Diep Thao has a passion for promoting Vietnamese coffee on the global market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coffee chains brew battle for winning cup
Cafe chains in coffee-crazy Vietnam are gathering pace as both international and domestic brands go head-to-head expanding their networks following the pandemic.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Exit your shell to develop business: Vietnam 'pepper king'
Actively approaching new markets at the same time as producing products with added value for export were among the efforts by Vietnamese pepper supplier Phuc Sinh Group to experience 2022, a year with serial challenges, to set a record revenue of $220 million.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
KFC, Phuc Long Coffee & Tea most popular F&B businesses on Vietnam social media
KFC and Phuc Long Coffee & Tea were the two most popular food & beverage businesses on social media in Vietnam last year, according to local consulting firm Reputa.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Highlands province to transform coffee district into tourism hub
Kon Tum province plans to transform Dak Ha district, famous for its eponymous coffee brand, into a tourism hub that will attract 20,000 visitors in 2025 and 30,000 in 2030.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Highlands town to benefit from special mechanisms after parliamentary vote
Vietnam's National Assembly has approved the piloting of unique mechanisms and policies for Buon Ma Thuot, the biggest town in the country’s Central Highlands, for five years starting next year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Polish firm to build $80 mln coffee factory in southern Vietnam
iLD Coffee Vietnam has asked Binh Duong province to quicken the allocation of land and installation of power facilities so the firm could begin building its $80-million factory in early 2023.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nescafé unveils $1 bln plan for coffee sustainability, focusing on Vietnam
Nestle Group’s flagship coffee brand Nescafé will invest over one billion Swiss francs (over $1.02 billion) by 2030 to help coffee farmers transition to regenerative farming methods and adapt to the climate emergency.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam coffee exports hit $2.8 bln in 8 months
Vietnam earned $2.82 billion from exporting 1.24 million tons of coffee in the first eight months of the year, up 14.7% year-on-year in volume and 39.6% in value.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vinacafe Bien Hoa posts $41 mln in H1 revenue, driven by instant coffee
Vinacafe Bien Hoa JSC, Vietnam's leading instant coffee company, reported a consolidated net revenue of VND953.8 billion ($40.73 million) in the first half of 2022, up 18% year-on-year, mainly from instant coffee and coffee-flavored beverages.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to replant 107,000 hectares of coffee by 2025
Vietnam, the world's second-largest coffee producer, aims to replant or transplant about 107,000 hectares of coffee in the 2021-2025 period, according to the Ministry of Agriculture and Rural Development.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Louis Dreyfus secures $100 mln ADB loan to assist Asian farmers
The ADB and Louis Dreyfus Company B.V. on Thursday signed a $100 million loan to help smallholder farmers in five countries, including Vietnam, recover from the pandemic-induced economic challenges and improve their resilience to climate change impacts.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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