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Vietnam exports less coffee

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Vietnam exported nearly 1.3 million tons of coffee in the first 11 months of this year, amounting to a decrease of 22.5 percent, the Ministry of Agriculture and Rural Development said last week.

Germany and the United States are still the two biggest Vietnamese coffee importers, and other large volume importers included Italy, India and Belgium.

Vietnam will invest 170 billion Vietnamese dong (7.5 million U.S. dollars) into creating four varieties of high-quality coffee to strengthen coffee production and export in the 2018-2023 period, the ministry said.

By 2035, export prices of Vietnamese branded coffee are expected to be equal to those of exports from other countries.