Illustrative image (Photo: VNA) Hanoi (VNA) – The domestic agricultural sector is working to raise the quality and value of Vietnamese coffee given that coffee export turnover has yet to match the volume. Vietnam ships more than 1.5 million tonnes of coffee abroad each year, of which 90 percent is raw coffee which yields low value. Vietnamese coffee is exported to more than 80 countries and territories worldwide, with export revenue exceeding 3 billion USD, making up 14 percent of the market share and 10.4 percent of raw coffee export value globally, second after Brazil. Vietnam's top coffee importers are Germany, the US, Italy, Spain, Japan, Belgium, Russia, Algeria, the Philippines and China, which, together, account for 80 percent of the country's total coffee export turnover . However, during 2013-2017, the local coffee sector grew by only 6.57 percent annually mainly due to fluctuations on the global coffee market and the unbalanced domestic coffee export structure. Nguyen Quoc Toan, acting head of the Ministry of Agriculture and Rural Development (MARD)'s agricultural product processing and market development department, said most Vietnamese exporters have yet to set up direct connections with foreign coffee roasting and grinding firms. He also noted the low… Read full this story
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