Which secretive force owns 14 factories, earns hundreds of millions of dollars annually from coffee exports in Vietnam?

This is not Trung Nguyen of Mr. Dang Le Nguyen Vu, this is the real powerhouse earning hundreds of millions of USD annually from coffee exports in Vietnam.

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The export of coffee in Vietnam in the 2022-2023 crop (from October 2022 to September 2023) reached nearly 1.7 million tons, bringing in an export value of $4.1 billion. Looking at each type of exported coffee, it can be seen that the main type is still Robusta coffee with 1.49 million tons, valued at over $3.2 billion.

According to VICOFA (Vietnam Coffee – Cocoa Association), regarding the export of raw coffee, the top 5 companies leading in terms of export volume in the 2022-2023 coffee crop are Intimex HCM, Vinh Hiep, Simexco Daklak, Intimex My Phuoc, Louis Dreyfus Vietnam.

According to this, the top companies exporting raw coffee in Vietnam are Intimex Corporation under the chairmanship of Mr. Do Ha Nam as Chairman of the Board of Directors and General Director, with an export volume of more than 148,500 tons, valued at over $318 million.

Top coffee exporting companies in Vietnam

Intimex was established on the basis of the equitization of the Domestic Branch of Intimex Export Import Corporation in Ho Chi Minh City in 1995, under the Ministry of Industry and Trade. It officially operated from July 1, 2006. In 2011, the company changed its name to Intimex Corporation (Intimex Group).

With an initial start as a company with three small branches, including 91 employees, a charter capital of VND 14.4 billion, and limited infrastructure, Intimex has now grown into a strong corporation with annual revenue of trillions of VND.

Coffee roasting line at Intimex factory

In terms of processing, according to information on the website, Intimex claims to be the world’s leading coffee exporter, owning 14 coffee processing and export factories with a total capacity of 450,000 tons per year.

In addition to coffee, rice is also a strong product of Intimex with an export volume of 820,000 tons in 2022. Other agricultural products such as black pepper reached 5,200 tons and cashew nuts reached 3,200 tons.

The business operations of Intimex are present in most major markets worldwide, especially in Europe, America, West Asia, East Asia, China, Japan, South Korea, India, ASEAN…

In addition, the Corporation has established long-term trading relationships with hundreds of international enterprises, including many of the world’s leading companies and corporations such as Neumann Kaffee Gruppe, Nestlé, JDE, Tchibo, Louis Dreyfus, Volcafe, Marubeni, Mitsui, Itochu, Icona, Sucden, Sucafina, Mercon, RCMA, Ecom, Hyundai, Samsung…

Currently, Intimex has 18 subsidiaries and 12 affiliated companies in many provinces and cities. Besides exporting agricultural products, Intimex also engages in concrete production, supermarket business, import and distribution of frozen food, etc.

The Corporation has a clean pepper processing plant for export in Binh Duong, a rice processing plant in Dong Thap, a cashew nut processing workshop for export in Tay Ninh and Binh Duong, Intimex Plaza Trade Center, a concrete production plant and a stone mining site in Da Nang, and a tunnel brick production plant in Lam Dong.

Ambition to remain the leading soluble coffee exporter by 2026

Officially put into operation in December 2019, the Intimex soluble coffee plant is located in the Vietnam Singapore II-A Industrial Park (Binh Duong) and operates at 100% capacity of 4,000 tons of spray-dried coffee per year.

In 2022, Intimex’s revenue reached VND 53.6 trillion. In particular, the main product is the export of raw coffee with 410,000 tons, helping Intimex maintain its position as the world’s leading coffee exporter.

Source: Intimex

Intimex plans to invest in Phase 2 of the soluble coffee processing plant, increasing the total capacity to 8,000 tons per year. Intimex’s ambition is to reach 18,000 – 20,000 tons per year by 2026, becoming the leading soluble coffee exporter in Vietnam.

SOURCEcafef
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