From bean to cup, Vietnamese coffee is on the up
Now, coffee is one of Vietnam’s major export commodities worth more than $3 billion a year, alongside other high-value products such as wood, seafood, cashew nuts, rice, vegetables, and rubber.
The first coffee beans were imported into Vietnam in the 19th century by French colonialists, who realized that the climate of the central highlands was perfect for growing the popular drink.
Arabica was the first variety produced before the high-yielding robusta was introduced in 1908 as well.
In 1986, following the reunification of Vietnam, the Doi Moi (Renewal) economic reforms led to a rise in the privatization of land and commodities. The Government saw potential in coffee as a cash crop for exports and internal usage, so it established state-funded farms and encouraged Central Highlands landowners to cultivate coffee.
In 2021, despite the COVID-19 pandemic, Vietnam’s coffee exports still brought in over $3 billion, contributing to the overall growth of the country’s commodity exports.
During the first five months of this year, Vietnam shipped 889,000 tons of coffee worth over $2 billion abroad, representing a year-on-year rise of 24.2% in volume and 54% in value, according to the Ministry of Industry and Trade.
According to industry insiders, global coffee prices are projected to continue rising in the future, creating a wealth of opportunities for Vietnamese coffee exporters to boost their exports.
Viet Nam News
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