Experts share information about Vietnam and world coffee at the event (Source: VNA)

The information was released at the Vietnam Coffee Week which has recently held in HCM city.

According to Dr Nguyen Do Anh Tuan, director general of the Ministry of Agriculture and Rural Development’s international cooperation department, Vietnam is the world’s second largest coffee exporter and tops in robusta production and export, with about 1.5 million tonnes of coffee exported each year, fetching a revenue of US$3.5 billion. But the exports remain in the form of unprocessed beans with little value addition, he said.

To improve this situation and develop the industry in a sustainable manner, the sector plans comprehensive measures such as expanding processing, building brands for its products and strengthening linkages in the value chain.

Luong Van Tu, chairman of the Vietnam Coffee and Cocoa Association, said coffee exports in the 2018/19 crop were 1.7 million tonnes worth US$3 billion, a year-on-year decrease of 2.9 per cent in volume and 14.4 per cent in value.

2020 important year for Vietnam-Germany ties

Deputy Foreign Minister To Anh Dung and State Secretary of the German Federal Foreign Office Andreas Michaelis has co-chaired the fifth meeting of the Vietnam - Germany Strategic Management Group in Hanoi. The year 2020 will mark the 45th anniversary of Vietnam-Germany diplomatic ties, adding fresh impetus to economic, trade and investment relations between the two countries.

The overview of the  fifth meeting of the Vietnam - Germany Strategic Management Group in Hanoi (Source: VOV)

According to VOV, the two sides reviewed cooperation within the framework of the Vietnam - Germany strategic partnership and discussed the Vietnam - Germany Plan of Action for the 2019 - 2021 period which will lay a foundation to further broaden bilateral ties across politics-diplomacy, trade-investment, development cooperation, national defence-security, education-training, culture and tourism, in order to meet the demand of two nations in the next period.

They shared the view that 2020 will be an important year for Vietnam - Germany ties when they will celebrate the 45th anniversary of bilateral diplomatic ties and will be non-permanent members of the United Nations Security Council./.

Compiled by BTA