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, an increase of 15.1% in volume and 67.7% in value compared to the same period last year.
For the accumulated 5 months of the coffee crop (from October of the previous year to September of the following year), Vietnam exported about 764,802 tons of coffee, with export turnover of over 2.36 billion USD, an increase of 1.5% in volume and 39.4% in value compared to the same period of the previous crop.
Of which, Robusta green coffee contributed the most value with nearly 1.84 billion USD, Arabica green coffee reached an export turnover of over 56.62 million USD, and decaffeinated green coffee achieved an export turnover of nearly 3.2 million USD. Processed coffee (roasted and instant) had an export value of over 401 million USD.
In the first 5 months of the coffee crop 2023/2024, in terms of export volume of green coffee (raw coffee), Vinh Hiep Co., Ltd. ranked first with 81,025 tons. This is a company founded by Mr. Thai Nhu Hiep with the brand L’amant Café – Mr. Hiep is currently the Vice Chairman of Vicofa.
Entrepreneur Thai Nhu Hiep
Next is: 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 companies dominate the majority of the market share in the export of green coffee.
However, most of the top 10 companies exporting roasted and instant coffee are foreign direct investment (FDI) companies. Among them, NESTLÉ Vietnam (Switzerland) topped the list with about 57.5 million USD.
Next are the brands: OUTSPAN Vietnam, Cà phê Ngon, Trung Nguyen Group, IGUACU Vietnam, URC Vietnam, TATA COFFEE Vietnam, INSTANTA Vietnam, SUCAFINA Vietnam, and Lua chon dinh. Thus, there is only one Vietnamese brand in this list which is Trung Nguyen Group.
Various coffee beans
In the 2022/2023 crop year, according to statistics, FDI companies accounted for about 33.1% of the value of green coffee exports and 71.7% of the value of processed coffee (roasted and instant).
In an interview with a reporter from Nguoi Lao Dong Newspaper, Mr. Nguyen Nam Hai, Chairman of Vicofa, said that these FDI companies are also members of Vicofa. These companies have strength in capital, technology, and markets.
