According to the Vietnam Coffee – Cocoa Association (Vicofa), in the first 2 months of 2024, Vietnam exported about 394,167 tons of coffee, bringing in a value of about 1.25 billion USD, up 15.1% in volume and increasing 67.7% in value compared to the same period last year.
Cumulatively in the first 5 months of the coffee season (from October of the previous year to September of the following year), Vietnam exported about 764,802 tons of coffee, export turnover of over 2.36 billion USD, an increase of 1.5% in terms of quantity and increased 39.4% in value compared to the same period of the previous crop year.
Of which, Robusta green coffee contributed the most value with nearly 1.84 billion USD, Arabica green coffee reached a turnover of more than 56.62 million USD, and decaffeinated green coffee had a turnover of nearly 3.2 million USD. Processed coffee (roasted and instant) has an export value of more than 401 million USD.
In the first 5 months of the 2023/2024 coffee season, in terms of export volume of raw green coffee (raw coffee), Vinh Hiep Co., Ltd. leads with 81,025 tons. This is a business founded by Mr. Thai Nhu Hiep with the brand L’amant Café – Mr. Hiep is currently Vice President of Vicofa.
Businessman Thai Nhu Hiep
Next are: Intimex Group, Tuan Loc Commodities, Simexco Daklak, Louis Dreyfus Company Vietnam, Intimex My Phuoc, Phuc Sinh, NKG Vietnam, Olam Vietnam and Hoa Trang – Gia Lai. This ranking shows that Vietnamese enterprises hold a large market share in the export of raw coffee beans.
However, the top 10 enterprises exporting roasted, ground and instant coffee are mostly enterprises with foreign direct investment (FDI). Among them, NESTLÉ Vietnam (Switzerland) leads with about 57.5 million USD.
Next are the brands: OUTSPAN Vietnam, Ngon Coffee, Trung Nguyen Group, IGUACU Vietnam, URC Vietnam, TATA COFFEE Vietnam, INSTANTA Vietnam, SUCAFINA Vietnam and Top Choice. Thus, in this list there is only one Vietnamese brand, Trung Nguyen Group.
Green coffee samples
In the 2022/2023 crop year, according to statistics, FDI enterprises exporting raw green coffee account for a market share of about 33.1% in value and 71.7% in value of processed coffee (roasted and instant). ).
Talking to a reporter from Nguoi Lao Dong Newspaper, Mr. Nguyen Nam Hai, Chairman of Vicofa, said that FDI enterprises are also Vicofa members. These businesses have potential in capital, technology, and market.
“Recently, the export market share of FDI enterprises has tended to increase. Part of the reason is the increase in coffee prices, making the capital weakness of Vietnamese enterprises clearly exposed. Bank lending limits for Coffee export businesses remain unchanged. With the same amount of capital, businesses can only buy about half of last year’s coffee quantity” – Mr. Hai explained.
