Vietnam is believed to have much room for exporting coffee to Japan, whose hot coffee market is forecast to grow 4.2 percent during 2020 - 2025, according to Cong Thuong (Industry & Trade) newspaper.
The export of coffee declined in both volume and value last year due to certain difficulties that are forecast to linger on for the time to come, insiders have said.
In the 2016-2017 crop, coffee exports were projected to drop about 20 percent compared to the previous one, but turnover could be equivalent as export prices have risen 30 percent due to global supply
The Central Highlands province of Dak Lak plans to raise the rate of processed coffee products such as powder coffee and instant coffee to 15 percent of the local coffee bean output by 2020.
The Central Highlands province of Dak Lak, a coffee production hub of Vietnam, aims to double the ratio of processed products in its coffee exports, which currently account for only 7-10 percent of its total coffee bean output in a year.