Domestic coffee sector faces foreign pressure in Dong Nai
Concerns are growing in southern Dong Nai province as coffee prices are hitting a record low and local coffee producers, particularly small enterprises, are on the verge of bankruptcy.
A farmer is harvesting coffee fruits. (Source: VNA)
Concerns are growing in southern Dong Nai province as coffee prices are hitting a record low and local coffee producers, particularly small enterprises, are on the verge of bankruptcy while their foreign-funded peers are gaining ground.
Coffee prices have continuously reduced and are now hovering around 36,500 VND (1.7 USD) per kilogram, the lowest value in years. Hence, up to 60 percent of the coffee from previous harvests is still occupying the warehouses of local farmers.
According to Dong Nai’s Department of Statistics, coffee bean export reduced by 63,000 tonnes from last year to slightly more than 134,000 tonnes in the first seven months of 2015. The product’s export revenue was no better off, valuing almost 271 million USD, down 47 percent year on year.
Meanwhile, foreign companies are expanding their foothold. Recently, the Germany-based Neumann Kaffee Gruppe inaugurated a coffee processing factory in Long Thanh district, the second facility of the company in Vietnam. Neumann Gruppe boasts 46 factories in 28 countries that process ten percent of the overall global coffee export volume.
The 100-percent-Swiss-capital Volcafe Vietnam has just put its plant into operation with an annual capacity of 100,000 tonnes of coffee products each year.
Netslé also opened an 80-million-USD plant producing caffeine-free coffee in the province in March.
Vietn🅷am is the second biggest coffee exporter worldwide behind Brazil.-VNA
The Ministry of Agriculture and Rural Development is planning to invest in advanced technologies to enhance the value of the coffee sector through improving productivity and product quality.
Starbucks has started selling roasted Arabica coffee beans from Vietnam's Da Lat city in the US and said on its website it plans to sell it in more than 21,500 stores in 56 countries.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
A farmer is harvesting coffee fruits. (Source: VNA)
