In May and the first five months of 2022, Vietnamese coffee exports to the US decreased in volume but increased in value compared with the same time in 2021. The US is the fifth largest export market for Vietnamese coffee.

General Department of Vietnam Customs data show that in May 2022, Vietnam exported 9,340 tonnes of coffee worth US$22 million to the US, down 16.5 percent in volume but up 2.3 percent in value compared with May 2021. In the first five months, the export volume reached 50,580 tonnes, with the value reaching US$124.95 million, down 2.9 percent in volume but up 23.6 percent in value year-on-year.

The average price of Vietnamese coffee exports to the US in May 2022 was US$2,359 per tonne, down 5.9 percent compared with April but up 22.4 percent compared with May 2021. In the first five months, the average price was US$2,470 per tonne, up 27.2 percent year-on-year.

According to the Center for WTO and International Trade, in the first four months of 2022, the US imported 768,800 tonnes of coffee worth US$4.11 billion, up 10.8 percent in volume of 49.6 percent in value compared with the same period last year. The average import price was US$5,353 per tonne, up 35.1 percent. Notably, the average price of coffee imports from Vietnam increased 42.3 percent to US$3,451 per tonne.

While imports from Brazil decreased from 24.55 percent of the total US coffee imports in the first four months of 2021 to 21.94 percent in the first four months of 2022, Vietnamese coffee increased from 8.95 percent to 9.6 percent. In the 2020-2025 period, the US coffee market is forecast to grow an average 4.8 percent per year. Major factors boosting the market’s growth include the increasingly busy lifestyles and long working hours, which make coffee chains in the US more popular.

The US coffee market consists of the following segments: coffee beans, ground coffee, instant coffee, coffee capsules and coffee bags, distributed through points of sale at supermarkets, convenience stores, retailers and other distribution channels.

The US accepts only coffee products with origin traceability. Major standards required for coffee imports include Fairtrade USDA, Organic, Rainforest Alliance/UTZ Certified, Bird Friendly, Carbon Neutral, Organic, and Direct Trade.

According to the Foreign Trade Agency of the Ministry of Industry and Trade, the US is the fifth largest export market for Vietnamese coffee. Coffee is one of the most popular drinks in the US, ranking behind only carbonated beverages and bottled water in terms of sales volume in the non-alcoholic drink market.

Thanh Ha


(VEN) - Vietnamese agricultural products are opening doors in the European Union (EU) market amid post-pandemic recovery, bolstered by the EU-Vietnam Free Trade Agreement (EVFTA).


Seafood, rice top exports


Since the EVFTA took effect in August 2020, Vietnamese rice exports to the EU have soared. Pham Thai Binh, General Director of the Trung An Hi-tech Agriculture Joint Stock Company, said that in the first half of 2022, the company’s rice export turnover increased by 68 percent, with the EU its major market. In addition to rice, Trung An is also focusing on developing products made from rice that have been receiving positive EU market response, such as dry vermicelli and Vietnamese Pho soup.

Le Hang, Communications Director of the Vietnam Association of Seafood Exporters and Producers (VASEP), said that despite the COVID-19 pandemic, seafood export revenue in 2021 exceeded US$1 billion, up 12 percent compared to 2020, with the EU being a major importer.


As of the second quarter of 2022, the EU is one of Vietnam’s three largest seafood export markets. Along with seafood and rice, other export commodities to the EU have also recorded a stable growth rate.
According to the General Department of Vietnam Customs, since the agreement came into force two years ago, Vietnam’s export turnover to the EU has reached about US$83 billion, growing approximately 15 percent annually, mostly from products such as vegetables, rice, and seafood.

Brand name importance


Le Hang said the EU rules of origin are a major challenge for seafood exporters. Although VASEP and the Ministry of Industry and Trade (MoIT) have organized many programs to train businesses on certification of origin, different regulations and controls in each market might have led to misunderstandings about issuance of the certificates.


Pham Thai Binh added that the EU has huge potential, importing over two million tonnes of rice from Vietnam every year. However, the amount of Vietnamese goods exported to the EU in general remains very modest.


“I think the reason is still due to the commercial culture of Vietnamese businesses. The Trung An brand is not strong enough to carve out a niche for Vietnamese rice in the EU market. Therefore, we need a cooperation program and domestic businesses need to work together to create a Vietnamese rice brand for this market, and certify traceability and growing area codes that meet European standards to prevent goods being returned for violating them,” Pham Thai Binh said.


Tran Thanh Hai, Deputy Director General of the MoIT’s Agency of Foreign Trade, said that Vietnam exports most agricultural products to the EU in the form of raw materials or at very low preliminary stages of processing. Such products have no brand names because they do not reach end consumers. To reach the EU, products still have to go through several additional processing stages and carry the names of foreign distributors when entering their distribution channels. Therefore, in order to add more value, he urged Vietnamese businesses to focus on developing brands as a tool to help sell products and expand market share.

Lan Phuong




(VEN) - “Vietnamese companies are making rather good use of tariff cuts under the EU-Vietnam Free Trade Agreement (EVFTA),” affirmed Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade in a talk with Vietnam Economic News’ Quynh Nga.

Which sectors have taken advantage of tariff cuts under the EVFTA during the last two years?

Overall, most export sectors have made rather good use of tariff cuts under the trade deal. From August 1, 2020 to June 30, 2022, according to data from the General Department of Vietnam Customs, Vietnam’s export value to the EU reached US$79.6 billion, a year-on-year increase of 14.3 percent.

The export value averaged about US$3.5 billion per month. The export of most key products remained on the rise. Topping the export growth list were iron and steel (up 255.5 percent); cameras, film cameras and components (up 138 percent); base metal (up 77.3 percent); coffee (up 75.2 percent); pepper (up 55.8 percent); fibers and yarns (55.3 percent).

In the first two quarters of 2022, EUR.1 certificates of origin were used for export of products such as rice, footwear, electrical wires and cables, fibers and yarns, confectionery and cereal products, and seafood.

How did Vietnamese companies meet the EU’s very strict requirements for imported goods during the last two years?

Vietnamese companies have adapted themselves to commitments in the EVFTA and become flexible in using certificates of origin to benefit from the trade deal.

They are enhancing their competitiveness by creating high-quality products meeting strict requirements of the EU market, especially for farm produce and seafood.

In the first two quarters of 2022, Vietnam exported US$652 million worth of seafood to the EU, up 42.1 percent year on year; fruit and vegetable exports reached US$82 million, up 12.2 percent; rice exports reached US$9 million, up 5.4 percent. EUR.1 certificates of origin were used for 80.9 percent of seafood exports; 67.6 percent of fruit and vegetable exports; and 100 percent of rice exports.

What challenges face Vietnamese exports to EU member countries?

Meeting the EU’s rules of origin and strict technical standards is a great challenge for businesses seeking access to this discerning market.

The EVFTA has new, different rules of origin compared with other free trade agreements (FTAs) that involve Vietnam. Therefore, it’s difficult for Vietnamese companies, especially those still inexperienced in exporting to the EU, to understand the rules.

For example, flexible quotas for textiles and garments are annotated at Product Specific Rules (PSR) that appear at the bottom of the agreement page, and these quotas are applied to only product lines mentioned in the annotation but not all textile and garment products and materials as other FTAs.

Therefore, Vietnamese companies should thoroughly understand the EVFTA’s rules of origin. To do this, they should send their technical staff to training courses on the trade deal’s rules of origin and other requirements organized by the Ministry of Industry and Trade.

For its part, the ministry will continue disseminating information about free trade agreements, especially new-generation ones and those in the initial period of implementation, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EVFTA, the UK-Vietnam Free Trade Agreement, and the Regional Comprehensive Economic Partnership. The ministry will also coordinate with relevant units to organize workshops, seminars and specialized training courses on market opening opportunities and rules of origin in FTAs.

Further, the ministry will continue facilitating administrative procedures related to imports and exports, especially the granting of certificates of origin under FTAs.





Agriculture has been the key economic pillar of the Mekong Delta, and as such, development policies for the region over the years have been designed to bolster agriculture. However, this foundation is becoming weak.

A sinking foundation

Agricultural growth has slowed down since 2005. Between 2001 and 2010, agricultural growth averaged out at over 7% a year, but this growth rate fell by half in the following 10 years, at only 3.5%. The proportion of agriculture in gross regional domestic product has shrunk, and the Mekong Delta’s contribution to the national economy has also tumbled.

The industrial sector was just a scratch in the 1991-2000 period, accounting for only 16% of GRDP, with the annual growth rate lagging behind that of agriculture. However, the sector has since then seen leaps and bounds, with the average annual growth rate hitting 19% in 2000-2010. From 2011 to 2020, industrial development in the Mekong Delta slowed down a bit, but the annual growth rate was still three-fold higher than that of agriculture. The processing industry has become the driving force of the Mekong Delta’s economic growth despite little support in terms of development policies.

Industrial development on infertile soil

The uneven development among the Mekong Delta’s provinces in the past 10 years is due to their respective industrial development. Long An, and later Tien Giang, have attracted much private capital, including foreign direct investment (FDI), into the industrial sector. These two provinces have therefore obtained high economic growth in recent years, resulting in diverse industrial structures, big numbers of new businesses, low unemployment, low rates of migration, and higher income per capita.

FDI is a vital factor of economic growth in the Mekong Delta, with large funds flowing into the processing industry in Long An and Tien Giang, and into fields like thermal and renewable energy elsewhere in the delta. However, the processing industry plays a more important role in creating jobs and a ripple effect for the economy.

Not all provinces can attract investment like Long An and Tien Giang, which enjoy better traffic infrastructure and close proximity to HCMC. But interestingly, industrial facilities have sprung up on infertile soil, which is not suitable for crops. Therefore, several districts with non-arable land have become wealthier due to industrial development. Long An became the early bird, followed by Tien Giang three or four years later, and gradually, processing clusters have taken shape along National Highway 1 in these provinces.

Smaller-scale value chains needed

There are still many types of farm produce and handicrafts in rural areas that are marketable. These items, in spite of small scale, are associated with local resources and endemic to specific localities. Lessons from the development of rice and fishery value chains can apply to small-scale value chains for these items.

The One Commune One Product (OCOP) program can be a good model for developing a dynamic and diverse economy in each rural locality.

The expansion of the local market for products peculiar of localities in recent years will bring about new opportunities for small-scale value chains.

Greater support for industrial development

Experiences from Long An and Tien Giang indicate that to step up industrial development, it is necessary to attract investment including FDI. But the result will be better if policies are designed to attract local capital right in each locality.

The Mekong Delta in its strategy needs to attend more to processing and manufacturing industries as well as handicraft villages in rural areas. Policies should focus on access to land, manpower training, access to credit and the market. Access to land is the hardest issue. Spaces for urbanization and industrial development are limited in an agricultural region like the Mekong Delta. The difficult access to land is due to institutional restrictions that hinder urbanization and industrial and service development of the region, as priorities go to agriculture. If this bottleneck is not removed, the regional economy cannot see a breakthrough, even if traffic infrastructure is further improved.

The proposal for the Mekong Delta from the writer of this article, therefore, is to spare more time and resources for industrial development.



After 30 years of auto industry development, Vietnam’s auto parts industry can turn out a mere 300 parts and components out of the total 30,000 needed for a vehicle

In early October, Vietnam will lift the regulations on the localization ratio in the automotive industry and the levels at which imported auto parts are knocked down. The regulations have long been relied on as a much-needed motivation for assemblers and makers to boost the ratio of local content and for the country as a whole to spur the development of the auto parts industry. In what direction the auto industry will be headed after the removal of the local auto content rules?

Modest results

During the two challenging years of the Covid-19 pandemic, Toyota Vietnam secured cooperation with 12 more suppliers, bringing the total to 46. Among these suppliers, just six are of Vietnam, said Hiroyuki Ueda, general director of Toyota Vietnam, during the signing ceremony in June of a memorandum of understanding with the Vietnam Industry Agency at the Ministry of Industry and Trade.

Toyota Vietnam has added 324 more locally-made parts to its autos, increasing the total number of made-in-Vietnam parts to 724. “We want to have more domestic suppliers and more than 200 local parts for our vehicles by the end of 2022,” noted Hiroyuki.

The number of Vietnamese businesses active in the auto parts industry remains small due to slow growth. Meanwhile, Thailand has over 700 Tier 1 suppliers, whereas Vietnam has less than 100. For Tier 2 and 3 suppliers, Thailand has 1,700 but there are a mere 150 in Vietnam, according to the Ministry of Industry and Trade.

Toyota Vietnam is one of the few automotive assembly joint ventures that have made significant effort to scale up the localization ratio of domestically assembled vehicles. However, what the company has achieved so far is like a drop in the ocean as a vehicle has an average of 30,000 parts.

According to the ministry, the auto parts industry has 350 businesses, with 80% of them foreign-invested and the remainder consisting of mainly small enterprises with limited financial resources for access to advanced technology. Moreover, the linkage between these suppliers is weak.

In particular, the ratio of local content in vehicles with up to nine seats remains lower than expected. The target for 2020 was 30-40%, 40-45% for 2025 and 50-55% for 2030. However, local content in made-in-Vietnam vehicles now accounts for a mere 7-10%. Thaco-assembled vehicles have 15-18% of local content, and it is 37% of Toyota’s Innova minivans. The result is far short of the goals and far behind regional countries, including Thailand, Indonesia and Malaysia.

In the eyes of experts, the country’s auto parts strategy does not include binding requirements for assemblers and joint ventures to boosting localization.

Auto companies have put the blame on the small size of the auto market, saying regulatory constraints have hampered the auto industry’s objective of raising the ratio of local content.

According to analysts, although the Government and provincial governments have tried to find ways to fuel industrial growth, there is still a long way to go before any given policy becomes more feasible, practical, and easy to implement.

Each automobile has roughly 30,000 parts and components, according to the Vietnam Automobile Manufacturers’ Association (VAMA), but up to 80% of them have to be imported. The remaining 20% are made in the country, mostly simple parts. As a result, auto manufacturing and assembly costs in the country are 10-20% higher than normal, making vehicles here in Vietnam around 20% more expensive than neighboring nations.

Local firms mainly make non-critical items, including windshield tape, energy consumption stickers, registration stickers, fuel stickers, fuel and water pipes, radiator covers, tubeless tires, wiring and fenders.

“Only a few firms invest in metal stamping lines, with a significant absence of essential components in the product catalog, including engines, transmissions, gearboxes, safety and electrical systems on vehicles,” according to VAMA.

More importantly, Vietnam mainly produces labor-intensive parts using primitive technology: seats, glasses, tires and wheels. Conversely, the domestic auto parts industry imports a majority of core technologies and value-added components, consisting of items for braking systems, clutches, gearboxes, and steering systems.

For example, the fuel tank cap costs US$1.5 in Thailand but suppliers in Vietnam charge from US$2.5 to US$3.8 each. Therefore, many automakers are more inclined to prefer importing parts over finding a domestic supplier.

Will investors stay put if no benefits are offered?

The Ministry of Science and Technology once devised a framework for assessing the localization ratio based on the degree of fragmentation of imported auto parts as part of the Prime Minister’s “Strategy for the Development of Vietnam’s Automotive Industry to 2010 with a Vision to 2020.”

Auto firms have spent big on manufacturing processes, including welding machines, electro static power coating lines, and casting and stamping lines, as required by the fragmentation regulation on completely knocked-down (CKD) components.

It should be noted that domestic assemblers who import these components instead of investing in production lines face the same high taxes as CBU imports. Manufacturers have attempted to localize the production of many parts, such as body parts, exhaust pipes, seats, wiring and antennas.

As auto companies will no longer be obligated to comply with the CKD component requirements when Decision No. 5 is lifted, they will be able to modify their budget allocations for other objectives from October 1. Both newly-established and existing manufacturers may be less likely to embark on new vehicle model projects or unwilling to invest in domestic welding, electro static powder coating, stamping, and manufacturing lines.

Concerns would emerge as to how long the localization effort will last, and whether the move will threaten the sustainability and growth of Vietnam’s automotive industry and related industries.

Relaxing the regulations is in line with the current development and technological advancement of vehicle manufacturing at home and abroad. Given market dynamics, the automotive industry needs legal reforms and comprehensive strategies to attract investment and accelerate localization, according to experts.

The low localization ratio makes the local auto industry lag far behind other regional countries. Vietnam should build a mechanism for tracking vehicle localization ratios using international standards, boosting domestic production and setting the stage for the rise of export-oriented businesses.

Upgrading technology and raising the localization ratio will help producers optimize production, reduce costs and improve competitiveness.



The Ministry of Agriculture and Rural Development (MARD) is conducting a pilot project developing five areas of agricultural raw materials, with an area of 160,000 ha and total capital of more than VND1.5 trillion ($65.64 million). The formation of large raw material areas will make the agricultural sector more attractive to investors, and at the same time address fragmented production and lack of links.

With 89% of Vietnam's agricultural products being exported in raw form, unprocessed, the room for businesses to invest in the agricultural industry is huge.

The Ministry of Agriculture and Rural Development is rushing to develop a pilot project to develop five agricultural raw material zones across the country, with a total area of about 160,000 hectares. According to the plan for the fourth quarter of 2021, the project will be implemented and piloted for 5 years.

EVERY INGREDIENT OF MATERIAL WILL HAVE A DIFFERENT PROJECT Mr. Le Duc Thinh, Director of the Department of Economic Cooperation and Rural Development, said: "The project of developing raw material areas for processing and consuming agro-forestry products in the 2021-2025 period" has been approved by the Ministry of Agriculture and Rural Development. and Rural Development approved the policy and are integrating more components on agricultural extension, agricultural insurance and credit.

The project has a total capital of more than 1,500 billion VND, with the goal of creating 5 specialized farming material areas on a total area of about 160,000 hectares. Accordingly, the project will build up to 14,000 hectares of raw materials for the development of passion fruit, pineapple and mango in Son La and Hoa Binh provinces.

The Central Coast region, in the provinces of Quang Tri, Thua Thien - Hue, will build a specialized farming area of 22,900 ha, and develop plantation timber. The coffee-growing area is expected to be established on an area of 11,200 ha in Gia Lai and Dak Lak provinces. The Long Xuyen Quadrangle, in the provinces of Kien Giang and An Giang, will develop a rice-growing area with an area of 50,000 hectares.

Dong Thap Muoi region, belonging to Dong Thap, Tien Giang and Long An provinces, with an area of 60,200 ha, develops fruit trees. The crops selected for pilot development into raw material areas are all key agricultural products of the country, with an export value of billions of USD per year, requiring intensive investment and quality farming. high, to meet export demand. Each material area corresponds to a separate project, suitable to the characteristics of each region with each type of material. A remarkable point is that 5 large raw material areas in the project will be the pilot places to apply many new policies such as the policy of chain credit lending, agricultural insurance... to encourage businesses to invest .

The Ministry of Agriculture and Rural Development will coordinate with localities to build infrastructure, including roads, irrigation systems, cold storage systems, preliminary processing houses, etc. in 5 raw material areas. Farmers contribute their labor and land. Businesses will initially play a key role in leading the value chain of agricultural products, committing to product consumption, and investing in production materials.

To develop the projects, the Department of Economic Cooperation and Rural Development has sent the outlines to 11 related provinces. The content of the project consists of 5 main components: Investment in infrastructure linking raw material areas; Consolidate and improve the capacity of cooperatives and members; Agricultural extension, science and technology transfer; Applying information technology to manage raw material areas in connection with traceability; Piloting and implementing the application of mechanisms and policies to encourage and support the development of raw material areas for association.

As for the infrastructure component of the raw material area, which is identified as the focus, the Ministry of Agriculture and Rural Development will support 440 billion VND from the medium-term public investment capital 2021-2025. When deployed, the component will improve 132 km of roads for agricultural production, upgrade the irrigation system for more than 4,000 hectares of rice and fruit trees. On the local side, the provinces committed to allocate 347.9 billion dong of reciprocal capital to dredge 31.5 km of canals and support equipment and machinery for the cooperative. Enterprises and cooperatives also promised 40.6 billion dong of counterpart capital and 20.8 billion dong of credit loans.

Mr. Le Duc Thinh said that from the first half of 2021, the Department of Economic Cooperation and Rural Development has organized fact-finding delegations on the prospects of the models. Initially, 10/11 provinces approved and sent the official project. When put into practice, 17 enterprises processing and consuming agricultural products, 250 cooperatives and 185,000 farmer households will directly benefit from the project.

CHANGING THINKING AND ACCESSORIES According to Mr. Tran Cong Thang, Director of the Institute of Policy and Strategy for Agriculture and Rural Development, the proportion of investment capital from the state budget for the project is currently more than 30%, which is too high. In specialized cultivation areas, it is necessary to deploy the granting of planting area codes for the entire planned area, and at the same time promote digitization from the management of planting area codes to the application of electronic agricultural extension.

Mr. Nguyen Quoc Oanh, Rector of the School of Agricultural Management, recommended that a large-scale raw material area should be selected for the Ministry to focus on directing, piloting, and finding bottlenecks through production practice. "We mobilize people to build specialized farming material areas, then we have to show them the benefits and why we need to do it. Which ones give early and practical results such as agricultural extension, post-harvest technology, etc.

The agricultural sector needs to be promoted. Mr. Le Minh Hoan, Minister of Agriculture and Rural Development. "In order to develop the concentrated raw material area methodically, it is necessary to change the lending policy from the Bank for Social Policies. Instead of prioritizing

Deputy Prime Minister Vu Duc Dam has assigned the Ministry of Health to issue national technical regulations on limits on restricted and banned substances in food in accordance with the requirements of importing countries.

The document states, considering the report of the Ministry of Industry and Trade on the results of inspection and verification of information about Hao Hao instant noodles products of Acecook Vietnam Joint Stock Company contaminated with Ethylene Oxide and recalled in some European countries. In Europe, the Deputy Prime Minister assigned the Ministry of Health, based on the provisions of Article 62 of the Law on Food Safety, to urgently review and issue national technical regulations on criteria and limits of Ethylene Oxide to ensure safety for human consumption. with food products.

In addition, the Ministry of Health will assume the prime responsibility for, and coordinate with the ministries of Agriculture and Rural Development, Industry and Trade in reviewing, updating and widely informing about requirements and limits of substances restricted from use and quality. banned... in food products in accordance with the requirements of the importing countries.

The Ministry of Industry and Trade continues to check and clarify the cause of Acecook Vietnam Joint Stock Company's Hao Hao noodle product contaminated with Ethylene Oxide in order to have appropriate treatment solutions to avoid similar cases. Previously, implementing the Government's working regulations, the Government Office sent a written request to the Ministry of Industry and Trade to check the press's reports that the Hao Hao instant noodle product of Acecook Vietnam Joint Stock Company has banned substances, have a written report to the Prime Minister before September 7, 2021. ACECOOK TEMPORARILY STOP EXPORTING TO EU MARKET Information related to two batches of export products of Acecook Vietnam Joint Stock Company (Good vermicelli with pork rib flavor, 56gr, production date 10/5/2021 and Hao Hao noodles, spicy shrimp flavor, type). 77gr, production date March 24, 2021, is recalled in the EU.

"In the immediate future, Acecook Vietnam decided to suspend exports to the EU market, and at the same time discussed with distributors in EU countries about stopping exporting to the market for products that still do not meet EU standards. about this 2-CE." Representative of Acecook Vietnam.

Acecook Vietnam has verified and clarified the warning content of RASFF, EO standards of EU countries as well as urgently conducted a review of the entire production process, and sent some products for testing. Export and domestic at Eurofins Analysis Center (Scientific group in the field of food testing, with a network of more than 1000 independent companies in more than 50 countries and operating more than 900 laboratories). According to the test results of Eurofins Analytical Center, the domestic product Hao Hao hot and sour shrimp does not contain Ethylene Oxide (EO) and has the presence of a very small amount of 2-chloroethanol (2-CE) with a high concentration of 1.17 ppm. Acecook Vietnam affirms that Hao Hao domestic hot and sour shrimp products have guaranteed quality and fully comply with Vietnamese laws.

At the same time, this 2-CE content is much lower than the standards of the US (940 ppm), Canada (940 ppm) and some other countries. Acecook Vietnam representative, said: The reason Acecook export products were recalled in the EU is due to the presence of 2-CE substance. Due to the unique regulation of the European Union (EU) on how to calculate the content of EO as the combined value of both EO and 2-CE, the presence of 2-CE substance is considered by the EU to be inappropriate. accordance with their regulations. Moreover, the cause of the appearance of 2-CE in the product, according to the initial verification of Acecook Vietnam, there was a supplier using EO to disinfect some materials. In addition, the supplier's raw material analysis also detected the presence of some 2-CE.

Therefore, Acecook Vietnam believes that this may be a reason for the EU's assessment that the company's products are not in accordance with their regulations. “We need more time to fully verify, thoroughly research to clarify the cause. For the case in the European Union (EU) market, we will also strictly carry out the responsibility of the manufacturer and coordinate with the distributor to conduct the recall work at the request of the authorities. authorities in the countries where the incident occurred.

And during this time, in the short term, we decided to suspend exports to the EU market, and at the same time discuss with distributors in EU countries about stopping exporting to the market for products that have not yet been exported to the EU market. meet EU standards for this 2-CE substance,” added the representative of Acecook Vietnam.

As a Japanese enterprise and nearly 30 years of business and production in Vietnam, Acecook Vietnam affirms that the product "Hao Hao spicy and sour shrimp" and other products of Acecook Vietnam are being consumed in the market. The domestic market completely meets the standards in accordance with the laws of Vietnam, ensuring the health and safety of consumers.

Social distancing around Vietnam has limited the supply of coffee in the international market, resulting in prices remaining “relatively high” into 2022.

Recently, CNBC news agency cited a forecast of Fitch Solutions about the world coffee price situation and mentioned Vietnam with the advantage of being the second largest coffee exporter in the world. According to customs data, in August, Vietnam's coffee exports decreased by 8.7% compared to July, to 111,697 tons. In the first 8 months of the year, Vietnam exported 1.1 million tons of coffee, down 6.4% over the same period last year, but the turnover increased 2%, reaching about 2 billion USD.

Falling coffee exports from Vietnam and falling output in other leading coffee producing countries have pushed up world coffee prices sharply. Prices for arabica coffee futures are up about 45.8% this year, while robusta prices are up 52.2%, according to data from Refinitiv.

Brazil, the world's largest coffee exporter, has experienced extreme weather events that have damaged coffee farms. Bad weather also reduces coffee production in Colombia. “Additionally, we expect that, at least in the US and Europe, demand will increase in the coming months as the lifting of anti-Covid restrictions allows coffee shops to reopen,” the report said. of Fitch Solutions commented.

The consulting firm raised its forecast for the average price of arabica coffee in 2021 from $1.35/pound to $1.60/lb. The forecast for the average price of arabica coffee in 2022 is raised from 1.25 USD/pound to 1.5 USD/pound.

Fitch Solutions believes that anti-Covid restrictions in Vietnam will be eased gradually, so the interruption of Vietnam's coffee exports may only be a temporary issue. Besides, Brazil's coffee production is likely to recover "quite quickly" as long as extreme weather does not return. This means that the global supply of coffee could start to increase again in the 2022-2023 crop year, with the average price of arabica coffee in 2023 possibly falling to 1.2 USD/pound – Fitch Solutions forecasts . “The ongoing government support measures will help improve coffee production in many of the key coffee producing countries in Latin America and Asia, including Colombia and Vietnam,” the report reads. “Additionally, growth in demand for coffee is likely to peak in many of the largest coffee consuming countries, such as Europe and Japan.”

The average export price of Vietnamese coffee reached $2,012 per ton in August, the highest level since November 2018.

In the first eight months of 2021, Vietnam's average coffee export price reached 1,864 USD/ton, an increase of 8.9% compared to the first 8 months of 2020. In which, the average export price of Vietnam's coffee to Vietnam. most markets rose, except China. However, the Import-Export Department (Ministry of Industry and Trade) said that the complicated development of the Covid-19 wave had negatively affected Vietnam's coffee exports in August 2021. Statistics from the General Department of Customs show that Vietnam's coffee exports in August 2021 decreased for the 5th consecutive month, reaching 111.7 thousand tons, worth $224.75 million, down 8.7 % in volume and 4.4% in value compared to July 2021. But compared to August 2020, an increase of 11.5% in volume and 22% in value.

In the first 8 months of 2021, Vietnam's coffee exports reached 1.08 million tons, worth over 2 billion USD, down 4.4% in volume, but up 2% in value over the same period in 2020. 

Regarding export markets, Vietnam's coffee exports to most of the main markets increased, except for the United States, Spain, Belgium, and the Philippines. Generally, in the first 8 months of 2021, coffee exports to many key markets decreased, except for Japan, Russia, and China. Particularly for the US market, in the first 7 months of 2021, the US reduced coffee imports from Colombia and Vietnam. Statistics from the International Trade Center show that US coffee imports from Vietnam in the first seven months of 2021 reached 76.47 thousand tons, worth $147.36 million, down 28.4% in value. volume and decreased by 27.2% in value compared to the first 7 months of 2020.

Vietnam's coffee market share in total US imports also fell from 11.31% in the first 7 months of 2020 to 8.17% in the 7 months of 2021. The Import-Export Department added that the above price increase was also recorded at the port of Ho Chi Minh City, Robusta coffee for export grade 2, 5% black broken rate, traded at the price of 2,161 USD/ton, the difference. +24 USD/ton, up 4 USD/ton (equivalent to an increase of 0.2%) compared to September 8, 2021.

Forecasting in the short term, robusta coffee prices fluctuate in an uptrend, but the increase is not large. The supply of coffee from Southeast Asia has not improved, but concerns about the global economic slowdown and very low trading volume will restrain the price increase of this commodity. In the mid-September, 2021, the price of robusta coffee in the domestic market continued to increase according to the world price, the increase slowed down. On September 18, 2021, the domestic price of robusta coffee increased from 200 VND/kg (equivalent to an increase of 0.5%) compared to September 8, 2021, to 39,600 - 40,500 VND/kg.

Cambodian exports to Vietnam reached $3.5 billion in the first eight months of 2021, up 423 per cent over the same period of 2020 and resulting in Vietnam posting a trade deficit with its neighbor of $355 million.

According to statistics of the General Department of Vietnam Customs, in the first eight months of 2021, the import and export turnover of goods between Vietnam and Cambodia reached US$6.653 billion, up 97.2% over the same period in 2020. Expected 2021 , import-export turnover between the two countries reached nearly 9 billion USD.

In which, Vietnam's exports to Cambodia reached 3,149 billion USD, up 16.5% and Cambodia's goods exported to Vietnam reached 3,504 billion USD, up 423% over the same period in 2020. Thus, in the first 8 months of 2021, Vietnam had a trade deficit of 355 million USD from Cambodia, mainly 2 agricultural products such as cashew nut with 1.829 billion USD, rubber 823 million USD for processing and manufacturing raw materials for export. export. Regarding the group of goods exported to Cambodia, in the first 8 months of 2021, there were 21/29 groups of products with positive growth compared to the first 8 months of 2020.

Typically, vegetables and fruits reached 13.79 million USD, up 186.17%; animal feed and raw materials reached $102.42 million, up 29.45%; petrol and oil of all kinds reached USD 253.79 million, up 51.37%; chemicals reached USD 28.02 million, up 57.84%; fertilizers of all kinds reached USD 133.83 million, up 65.95%; plastic raw materials reached 18.11 million USD, up 45.98%; wood and wood products reached 14.52 million USD, up 42.93%; fibers of all kinds reached USD 51.11 million, up 137.24%... However, there are also 8/29 items with negative growth compared to the first 8 months of 2020, such as: seafood, coffee, confectionery and grain products, clinker and cement, ceramic products, common metals and metal products, furniture products… In the first 8 months of 2021, there were 10/11 groups of imported Vietnamese goods with positive growth compared to the same period in 2020.

Specifically, vegetables, tubers and fruits reached 30.49 million USD, up 59.16%; cashew nuts reached 1,833 million USD, up 610.16%; corn reached USD 79,440 new export items of Cambodia; soybeans reached 1.83 million USD, up 548.99%; rubber reached 822.80 million USD, up 433.87%... In 2020, import and export turnover between Vietnam and Cambodia reached US$ 5,327 billion, up 0.84% compared to 2019. In which, Vietnam's goods exported to Cambodia reached US$ 4.149 billion, down 5.3% and Cambodian goods exported to Vietnam reached 1.178 billion USD, up 30.9% compared to 2019.

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