Coffee output likely to fall by 20 percent

Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 percent short on the set target, said the Vietnam Coffee and Cocoa Association.
 Coffee output likely to fall by 20 percent ảnh 1Harvesting coffee (Source: VNA)

Vietnam’s coffee output in the 2015-2016 harvest is likely to fall at least 20 percent short on the set target, said the Vietnam Coffee and Cocoa Association.

The situation is attributed to long-lasting severe drought in the Central Highlands, a key coffee cultivation region. Drought has withered vast areas of coffee in Dak Lak, Lam Dong, Dak Nong and Gia Lai provinces.

In Dak Lak, the largest coffee cultivation zone, nearly 48,000 ha of coffee plants were subjected to water shortages, resulting in a decrease of 15-20 percent in the output compared to those of the previous harvest.

Apart from negative weather impacts, the coffee output reduction was caused by increasingly low economic efficiency due to aging coffee trees and slow coffee re-cultivation progress in the Central Highlands region.

Vietnam is currently home to 671,000 hectares of coffee, making it one of the major crop earners.

Last year, the country raked in 3.55 billion USD from coffee exports.-VNA

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.