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Vietnamese Coffee Exports Surpass US$2 Billion - Vietnam Briefing News

Nov. 3 – According to the the Vietnam Coffee Association (VCA), exports of Vietnamese coffee have surpassed US$2 billion.

Vietnam is the world's second largest exporter of coffee. The country's 520,000 hectares of coffee plantations exports to 75 countries, including Germany, the United States, Italy, Spain, Belgium, Japan, Korea, France and the UK.

Instant coffee, roasted coffee grounds and 3 in 1 coffee mixes are sold domestically in addition to international markets in Canada, Germany, the United States, Australia and Korea.

Vietnamese companies also import coffee to meet local needs. In the first eight months of the year, the country imported US$7.3 million worth of coffee from 15 markets, including Laos, China, Singapore, Nicaragua and Switzerland.

VCA told Vietnam Net that coffee output for the 2008-2009 period is projected to reach 1 million tons.

According to VCA chairman, Luong Van Tu, various businesses annually buy VND12-15 trillion worth of coffee from local farmers although since many of them are small or medium-sized businesses, they are not able to qualify for a bank loan.