Monday, September 1, 2025 8:55:50 PM - Markets open
VN-INDEX 1,682.21 +1.35/+0.08%
HNX-INDEX 279.98 +3.35/+1.21%
UPCOM-INDEX 111.00 +0.38/+0.34%
Coffee exports need higher added value for sustainable development: experts
vietnamnews - 8/30/2024 2:50:38 PM
 (0 ratings. You must sign in to rate.)
Coffee exporting enterprises and authorities need to build an ecosystem to effectively utilise free trade agreements (FTA) to develop the industry, experts have said.
 
 
Farmers harvest coffee in the Central Highlands province of Đắk Lắk. — Photo nld.com.vn
 
Coffee exporting enterprises and authorities need to build an ecosystem to effectively utilise free trade agreements (FTAs) to develop the industry, experts have said.
 
Speaking at a seminar on utilising FTAs to sustainably develop the industry in the Central Highlands province of Đắk Lắk on Wednesday, Deputy Director of the local Department of Industry and Trade, Nguyễn Văn Nhiệm said last year the province exported nearly 320,000 tonnes of coffee to more than 70 countries and territories worth US$747 million, or 18.3 per cent of the country's total.
 
In the first half of 2024 exports topped $600 million. But the exports are mainly of raw coffee, with the rate of processed items barely increasing year after year. This means the added value is not high, he said.
 
It is necessary to build a ecosystem that would help the country’s coffee sector adapt well to the changing socio-economic situation, climate change, natural disasters, and extreme weather and respond well to new policies and regulations on food hygiene and safety and anti-deforestation in markets like the EU, experts said.
 
Coffee exporters need to embrace digital transformation and enhance co-operation and investment between themselves and co-operatives for creating standardised raw material areas to improve quality to meet export needs, they added. — VNS
 
Read original article here
Newer News
28/08 Việt Nam steel hit by US anti-dumping duties
28/08 Trading up Việt Nam's export ambitions
15/08 M&A activity rises to $786m in July
13/08 Long Thành to become regional air hub
09/08 Circular economy offers competitive leverage for Việt Nam's textile industry
08/08 Petrol prices continue upward trend in latest adjustment
08/08 Việt Nam needs fundamental policy changes for FDI to support national goals
01/08 Việt Nam H2 growth may top 8% on public spending, private investment surge
01/08 Key sectors continue drive office demand in HCM City
01/08 Việt Nam-EU trade reaches $300 billion after five years
Older News
30/08 Better cybersecurity needed to protect data
30/08 Ethical rules, community standards need for healthy digital asset market
30/08 Dong Nai’s foreign investment surges 34%
29/08 Exports to Hungary grow by over 60%
29/08 Vietnamese honey makers turn to domestic market
29/08 Vietnam, RoK promote measures boost trade
29/08 PM requests solutions to promote building material industry
29/08 Coconut export forecast to hit $1 billion this year
29/08 Bac Giang taps into agro-forestry-fishery product's potential
29/08 How HCM City can develop into international shopping tourism hotspot
 
Newsletter Signup
Top Stories
Banks focus on increasing charter capital in second half of year
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,682.21 +1.35/+0.08%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.