Vietnam targets increasing the exports of roasted and instant coffee and reach an export turnover to 5-6 billion USD by 2030.

The strong growth in export value in the first two months of the year is evidence of the industry's potential, he said, underscoring the need to continue investing in processing technology, expanding markets, and responding flexibly to global fluctuations.

Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass 5 billion USD for the first time.

Vietnam’s coffee exports exceeded the 5 billion-USD mark for the first time in the 2023-2024 crop year, that lasted from October 1, 2023 to September 30, 2024.

A Vietnamese pavilion with local major coffee brands opened at the 5th World Coffee Conference & Expo (WCC) in Bengaluru city, India, on September 25.

To align Vietnam's coffee, fruit and vegetable industries with international standards on responsible business practices and sustainable growth, the sectors have agreed to abide by a unifying Code of Conduct (CoC) on how they operate. The move was announced at a virtual workshop on October 27.

Vietnam exported 974,712 tonnes of coffee from January 1 to August 15 this year, a reduction of 16.4 percent from the same period last year, earning 2.22 billion USD in value, up 7.9 percent, according to Vietnam’s Customs.

The Vietnam Coffee and Cacao Association (Vicofa) has proposed to the State that it launch credit support for local coffee firms competing with foreign companies.

The Vietnam Coffee Day, organised by the Vietnam Coffee and Cocoa Association (Vicofa), was sanctioned by Prime Minister Nguyen Xuan Phuc on July 29.