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HCMC – Although Vietnam is the world’s second biggest coffee exporter, around 90% of Vietnamese coffee products are mainly exported as raw beans, resulting in low export revenue.

“Vietnam’s Robusta coffee has yet to get trademark protection certificates from any country,” Thai Nhu Hiep, vice chairman of the Vietnam Coffee Cocoa Association (Vicofa), said.

Ho Van Muoi, chairman of the Dak Nong People’s Committee, said that raw coffee beans accounts for 99% of the province’s coffee export volume while the country’s figure is 90%.

Gia Lai has around 99,000 hectares under coffee cultivation, 80 coffee processing factories and facilities. The proportion of its processed coffee accounts for about 5.7% and the rest is exported as raw beans.

 Nguoi Lao Dong newspaper and the Ministry of Agricultural and Rural Development.

 
 

Increasing the proportion of processed coffee products is also a solution to add value to Vietnamese coffee. Each container of Meet More coffee is valued 5-6 times higher than raw coffee beans, said Nguyen Ngoc Luan, CEO of Global Trading Connection Company.

Many experts believe it is necessary to address the root issues of the coffee industry, such as origin, quality, and brand building. Additionally, the Government needs to develop a plan to support businesses in borrowing loans, such as reducing interest rates.

Vietnam is currently the world’s largest producer of Robusta coffee and ranks second in coffee exports. The export value reached a record high of over US$4 billion in 2022, up 32% compared to the previous year, mainly due to reasonable prices and the global coffee undersupply.

Savoring the fusion of salt coffee

Tuesday, 02 January 2024 15:50

Vietnam’s coffee culture is renowned, boasting iconic creations like Saigon’s iced coffee and Hanoi’s famed egg coffee. Adding a flavorful twist to the mix, salt coffee has burst onto the scene, becoming a quintessential representation of Hue’s culinary charm. This innovative concoction has swiftly won the hearts of both locals and tourists, offering a refreshing take on the coffee experience.

Crafting this delightful fusion of coastal and highland flavors is an art that demands a delicate balance of ingredients. It’s all about harmonizing that oceanic essence with the unique highland character, resulting in a morning elixir that resonates with many Vietnamese coffee aficionados.

Nailing the balance is crucial—too much bitterness, saltiness, or sweetness can throw off the whole show.

To bring this enchanting brew to life, baristas choose between Robusta and Arabica beans, skillfully using a stainless steel filter for brewing. The coffee leisurely drips into a cup with a dollop of condensed milk at its base. Once the brewing is done, the coffee and milk mingle in a stirring dance, reminiscent of the technique used for Vietnamese milk coffee.

 
 

Now, here’s where the magic happens—enter the salted whipped cream. Heavy cream gets whipped up with a dash of condensed milk and a sprinkle of white salt until it forms a luscious foam. This creamy cloud is then gently poured atop the milk coffee, creating a luxurious cap. The secret weapon here is the touch of salt, which masterfully tames the traditional coffee’s bitterness, mellows the condensed milk’s sweetness, and elevates the coffee’s inherent richness. It is a flexible treat too—enjoy it piping hot or chilled for a refreshing twist.

Those captivated by salt coffee can explore it in two enticing ways. Either stir the cream foam and coffee for a harmonious blend, or let them stay separate in layers. The first sip takes you on a flavor journey—starting with a hint of bitterness that tantalizes your taste buds, followed by the creamy indulgence merging with a playful pinch of saltiness that lingers softly on your palate. It is a symphony of flavors that plays out beautifully.

2024 coffee exports expected to hit $5bln

Tuesday, 02 January 2024 15:44

Ever-increasing coffee price leading to higher export value.

Vietnam’s coffee export revenue is expected to hit $4.5-5 billion in 2024 as a result of rising coffee prices, according to the Vietnam Coffee Cocoa Association (Vicofa).

Coffee output is estimated at 1.4 million tons.

Vietnamese enterprises earned over $4 billion from exporting coffee from the 2022-2023 crop between October 2022 and September 2023.

In the first eleven months of this year, Vietnam exported 1.38 million tons worth $3.54 billion, down 12.9 per cent in volume and 2.5 per cent in value year-on-year, figures from the General Department of Vietnam Customs show.

The average coffee price was $2,570 a ton, up 11.9 per cent compared to the same period last year.

Vietnam is currently the world’s second-largest coffee exporter.

2023 GDP growth comes in at 5.05%

Tuesday, 02 January 2024 15:41

Vietnam’s growth is among the highest in the region and the world, according to the GSO.

Vietnam has posted GDP growth of 5.05 per cent this year, according to the General Director of the General Statistics Office of Vietnam (GSO), Ms. Nguyen Thi Huong.

Growth in the fourth quarter was 6.72 per cent, higher than the 5.47 per cent recorded in the third quarter.

At a press conference in Hanoi on December 29, Ms. Huong said growth in 2023 failed to meet the annual target of 6.5 per cent but the result was nonetheless positive, with Vietnam being among economies posting the highest growth in the region and the world.

Data also shows that the macro-economy continued to be stabilized, inflation was properly brought under control, and the supply-demand of commodities was ensured, she added.

Of the total added value in the economy, the agriculture, forestry, and fisheries sector’s increased 3.83 per cent, contributing 8.84 per cent; industry and construction’s grew 3.74 per cent, contributing 28.87 per cent; and services’ surged 6.82 per cent, contributing 62.29 per cent.

Vietnam’s GDP is estimated at a total of $430 billion, according to Ms. Huong.

GDP per capita stands at some VND101.9 million ($4,284); a $160 increase against 2022.

Workplace productivity, meanwhile, was VND199.3 million ($8,380) per worker, a year-on-year rise of $274.

 

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