Indonesia’s coffee exports surpass imports
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, the Central Statistics Agency (BPS) reported.
Indonesia’s coffee exports have surpassed imports for 47 consecutive months since May 2020, Photo courtesy of AFP/Vietnam News Agency.
According to BPS, the value of Indonesia’s coffee imports in March this year reached 32.07 million USD. The country mainly imported coffee from Vietnam and Brazil. However, Indonesia's coffee exports were still higher than those it bought from other countries.
BPS Acting Head Amalia Adininggar Widyasanti said Indonesia’s coffee imports in March increased by 18.04%, but the country exported 87.45 million USD worth of the product in the same month.
She said the result contributed to bringing Indonesia's coffee trade surplus to a total of about 55.38 million USD in March. Along with Brazil, Vietnam and Colombia, Indonesia is one of the world's largest coffee producers.
The Indonesian government has recently issued policies to support coffee production development such as giving farmers access to preferential loans and investing in modern processing equipment. However, hot weather due to El Niño is affecting the harvest yield of coffee plantations, she added.
- Read More
Indonesia promotes Marine Biopharma in healthcare
Indonesia is actively promoting the use of marine biopharmaceuticals in the healthcare, cosmetics, and nutraceutical industries to harness the vast potential of its marine and fisheries resources.
Southeast Asia - Tue, February 18, 2025 | 10:05 pm GMT+7
Thailand leads dried fruit exports to China
Thailand led global exports of dried fruits to China in the first 10 months of 2024, with sales rising 10.22% from the same period last year to $125.64 million, according to the Thai Department of International Trade Promotion (DITP).
Southeast Asia - Tue, February 18, 2025 | 10:02 pm GMT+7
Vietnam parliament okays appointment of 4 ministers
The Vietnamese parliament on Tuesday okayed the appointment of four ministers, per Prime Minister Pham Minh Chinh's proposal.
Politics - Tue, February 18, 2025 | 9:38 pm GMT+7
Vietnam has 2 new Deputy Prime Ministers
The National Assembly, Vietnam's highest legislative body, on Tuesday approved Prime Minister Pham Minh Chinh's proposal to appoint Nguyen Chi Dung and Mai Van Chinh as Deputy Prime Ministers for the term 2021-2026.
Politics - Tue, February 18, 2025 | 6:07 pm GMT+7
Foreign investors hold over $12.6 bln worth of Vietnamese securities
Foreign investors held over VND323.53 trillion ($12.65 billion) worth of securities at the end of 2024, accounting for 7.35% of the total registered securities value at the Vietnam Securities Depository and Clearing Corporation (VSDC), according to its general director Ta Thanh Binh.
Finance - Tue, February 18, 2025 | 4:33 pm GMT+7
Vietnam’s southernmost province eyes exporting electricity to Singapore
Vietnam’s southernmost province of Ca Mau aims to build a grid to export electricity to Singapore, provincial authorities suggested at a Monday meeting with Singaporean Ambassador to Vietnam Jaya Ratnam.
Energy - Tue, February 18, 2025 | 3:21 pm GMT+7
Vietnam's leading IP developer KBC eyes 7-fold profit hike in 2025
Kinh Bac City Development Holding Corporation (HoSE: KBC), a leading industrial real estate developer in Vietnam, targets a consolidated net profit of VND3.2 trillion ($125.5 million) this year, a sevenfold increase from 2024.
Companies - Tue, February 18, 2025 | 3:04 pm GMT+7
Chinese semiconductor firm proposes independent power transmission line in northern Vietnam
Micro Commercial Components Vietnam (M.C.C) has proposed the construction of an independent power transmission line in the northern province of Bac Ninh to ensure a stable power supply during a meeting with local leaders on Monday.
Industries - Tue, February 18, 2025 | 1:20 pm GMT+7
81% of American businesses concern about potential US tariffs on Vietnam: survey
As many as 81% of American firms in Vietnam are concerned about potential tariff imposed by the Trump administrative on Vietnamese goods, according to the American Chamber of Commerce in Ho Chi Minh City (AmCham).
Economy - Tue, February 18, 2025 | 12:04 pm GMT+7
Japan's leading transport firm eyes forming driver training center, AI lab in Vietnam
Yamato Holdings, which holds approximately 46% of Japan’s home delivery market, intends to set up a professional driver training center in Vietnam to supply human resources to Japan, said its president Nagao Yutaka.
Industries - Tue, February 18, 2025 | 11:37 am GMT+7
Vietnam plans to stop 2 coal-fired power plants by 2030, all inefficient ones by 2040
Vietnam aims to stop two coal-fired power plants by 2030 and then all inefficient ones that cannot be improved by 2040, according to a decision signed by Prime Minister Pham Minh Chinh on Monday.
Energy - Tue, February 18, 2025 | 11:15 am GMT+7
Vietnam's property market strongly performs in 2024 on solid fundamentals: Knight Frank
Vietnam's real estate market made a strong performance in 2024 across the office, ready-built factories/warehouses, and apartment segments thanks to solid fundamentals, write Knight Frank analysts.
Real Estate - Tue, February 18, 2025 | 8:00 am GMT+7
Thailand, Australia boost ties in transport, logistics
Thailand and Australia are seeking to strengthen cooperation in transport infrastructure and carbon emission reduction in the logistics sector.
Southeast Asia - Mon, February 17, 2025 | 8:20 pm GMT+7
China surpasses US as biggest importer of Vietnamese shrimp
China imported $834 million worth of Vietnamese shrimp last year, surpassing the U.S. to become the largest buyer of this item from Vietnam, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Economy - Mon, February 17, 2025 | 7:51 pm GMT+7
Malaysia, S Korea resume FTA talks
Malaysia and South Korea are set to hold their seventh round of negotiations for a bilateral free trade agreement (FTA) as they look to expand their trade portfolio and strengthen cooperation, according to the latter's Ministry of Trade, Industry and Energy.
Southeast Asia - Mon, February 17, 2025 | 5:23 pm GMT+7
Indonesia to launch new sovereign wealth fund this month
Indonesia will launch a new sovereign wealth fund called Danantara this month, with an initial capital of around $20 billion.
Southeast Asia - Mon, February 17, 2025 | 5:19 pm GMT+7
- Infrastructure
