Vietnam's Target at US$2 Bln Coffee Export Revenues Feasible: Analysts
Vietnam’s target to export US$2 billion worth of coffee in 2008 is feasible thanks to high export prices, analysts attending the coffee industry workshop held in Hanoi March 26.
“The chance to boost exports is within the reach of Vietnam’s coffee industry due to a decline in world productivity and good export prices,” Deputy Minister of Agriculture and Rural Development (MARD), Diep Kinh Tan, said.
He said the country’s coffee output has kept increasing thanks to improved quality and scale of production, making Vietnam the second largest coffee exporter in the world.
Vietnam’s coffee has played an important role in the world market. However, the industry needs to ensure sustainable growth in 2008 and future years to stabilize exports, he added.
During the workshop, coffee producers from Vietnam and Brazil, the world’s largest exporters, shared experiences and discussed development strategies for Vietnam’s coffee industry.
Last year, Vietnam earned US$1.8 billion in coffee exports, increasing earnings by 50 per cent from 2006. The industry posted an export value of US$795 million in the first quarter of 2008. (Vietnam Agriculture)
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