Sơn La is strengthening trade links with international partners to expand markets for its Arabica coffee, improve value addition and raise export earnings to US$186 million by 2030.
Exports reached an estimated $56.3 billion in the first nine months, up 7.8 per cent from a year earlier, while the sector recorded a trade surplus of $16.9 billion, up 7.4 per cent, the ministry said.
According to the Vietnam Coffee Cocoa Association (Vicofa), Việt Nam exported nearly 1.7 million tonnes of coffee in the first eight months, earning more than US$6 billion.
Việt Nam is optimistic about achieving around US$9 billion in exports in 2026, supported by higher production, growing investments in value-added processing, and the advantages from complying with the European Union Deforestation Regulation.
The EUDR, which requires companies to prove that products placed on the EU market are not linked to deforestation, will make comprehensive farm-level traceability a prerequisite for exports.
The Vietnam Coffee Festival 2026 opened at the Vietnamese Embassy in Singapore on June 26, bringing together producers, importers, distributors and industry associations from both nations, including the Vietnam Coffee-Cocoa Association and the Singapore Coffee Association.
Việt Nam cements its position as the world’s second-largest coffee producer and leading robusta supplier, latest data by the United States Department of Agriculture (USDA) showed.
The average export price of Vietnamese coffee to the UK in the first half of 2024 reached US$3,941 per tonne, marking an increase of 68.4 per cent year-on-year.