Hanoi (VNA) – Vietnam exported 143,000 tonnes of instant and ground roasted coffee valued at 516 million USD in 2019 thanks to the tidal wave of investment in this sector.
The country now houses four coffee factories, each with capacity ranging from 4,000 to 20,000 tonnes.
Despite their limited long-term investment funds, domestic firms such as Tin Nghia Coffee Corporation, Intimex Group, Viet My International JSC, An Thai Group and Vinacafe Bien Hoa have continued to pour capital into coffee plants. Besides, some foreign businesses also plan to invest in this sphere.
In the year, domestic coffee consumption increased 10 percent, and is expected to rise 15 percent in the coming years.
The Central Highlands region has contributed 30 percent to the sector’s gross domestic product (GDP) and generated jobs for more than 2 million people.
However, like other crops, coffee is suffering from adverse impacts of climate change, prompting farmers to replant coffee trees. Total replanted area amounts to 118,000 ha at present, yet to offer high productivity.