Export price of Vietnamese Robusta coffee beans sharply increases

Tuesday, 24/09/2024 22:28
The export price of Vietnam’s Robusta coffee beans in the first half of September increased sharply and far exceeded the export price of Arabica coffee beans by nearly US$1,000 per tonne, reported the Voice of Vietnam according to statistics from the Vietnam Coffee and Cocoa Association (VICOFA).
Photo: VOV

This is an unprecedented change in the history of Vietnam's coffee industry as the price of Robusta coffee was usually only one-third compared to that of Arabica coffee, said VICOFA experts.

Statistics indicate that the country exported 17,305 tonnes of coffee worth more than US$87 million during the first half of September, representing a drop of about 18% in volume but up about 55.1% in turnover compared to the same period last year.

Robusta coffee made up a large export proportion with 15,155 tonnes valued at US$76.583 million. The average export price stood at US$5,053 per tonne.

Meanwhile, the county exported 1,129 tonnes of Arabica coffee worth US$4.705 million with an average price of US$4,166 per tonne.

Experts have attributed this shift in the export price between Robusta and Arabica coffee to the low price of Robusta coffee coupled with its increasingly improved quality. Therefore, coffee processors and roasters have turned to Robusta as they attempt to make greater profits, leading to rising demand.

Meanwhile, Robusta coffee output has decreased due to the impact of weather conditions with farmers switching crops after a long period of experiencing low coffee prices.

Lotte donates VND3 bil in support of Vietnamese recovery efforts of typhoon Yagi

Lotte Group of the Republic of Korea (RoK) announced on September 24 that it will donate KRW160 million, equal to about VND3 billion, to support the northern Vietnamese provinces to overcome the aftermath of typhoon Yagi, reported the Voice of Vietnam.

Photo: VOV

Accordingly, a total of 18 subsidiaries of Lotte group in Vietnam, including Lotte Department Store, Lotte Mart, Lotte Construction, Lotte Hotel, Lotte Rental, and Lotte Chemical, have all participated in this donation.

The collected amount will be transferred to the Central Committee of the Vietnam Fatherland Front in Hanoi and Ho Chi Minh City.

Lotte initially began investing in the Vietnamese market in 1996. Over the past nearly three decades, the group has expanded its operations into multiple fields and now has many branches in provinces and cities nationwide.

The group’s braches have also joined in numerous social and charitable activities in the country so far.

In 2020, Lotte donated KRW200 million to the Vietnamese COVID-19 pandemic prevention campaign. A year later, it KRW500 million to support the establishment of a vaccine fund in Vietnam.

150 international sales agents and travel firms to visit Khanh Hoa

About 150 leading sales agents from Kazakhstan and other countries of the Commonwealth of Independent States (CIS) are set to visit Vietnam from October 5 to 14 to survey tourist destinations around Nha Trang in the southcentral province of Khanh Hoa, reported the Voice of Vietnam.

Sales agents from Kazakhstan and other countries of the Commonwealth of Independent States (CIS) arrive in Nha Trang to survey tourist destinations (Photo: VOV)

The event, to be organsied by Anex Vietnam Travel and Trading Company, will offer on-site surveys at local travel businesses whilst allowing foreign sales agents to visit well-known tourist attractions around the coastal city.

The company said it will also kick off a programme called ‘Anex Central Asia - Tropical Sense Workshop in Vietnam 2024’ which aims to spur local tourism promotion and provide the international sales agents with a greater understanding of the province’s tourism products and strengths.

At the event, Anex Vietnam’s hotel partners will introduce their products and services to the sales agents from Kazakhstan and the CIS in a bid attract tourists from these markets in the winter tourism season of 2024 to 2025 and subsequent years.

According to a representative from Anex Vietnam Travel and Trading Company, both Kazakhstan and Uzbekistan are among Khanh Hoa’s key tourist source markets.

Currently, the company operates charter flights from Uzbekistan and Kazakhstan to Khanh Hoa province with the frequency of five to six flights per week.

Vietnamese ao dai heritage club debuts in Czech Republic

A Vietnamese “Ao dai” (traditional long dress) heritage club has recently made its debut in Prague, aiming to preserving and promoting the costume in the the Czech Republic, reported Vietnam News Agency.

Vietnamese ao dai in the heart of Prague, Czech Republic (Photo: VNA)

At the event, participants were impressed by an Ao Dai show presented by club members. Notably, the dresses specially designed for the club, which is the combination between Vietnam’s flag and that of the Czech Republic, symbolise a connection with their homeland among those living in the European country. They also demonstrate a desire for closer ties between the two nations.

The club executive board (Photo: VNA)

Pham Gia Hau, honorary president of the Vietnamese ao dai heritage club in the Czech Republic, said that the club has sewn and distributed 350 sets of ao dai to its members in just one month. It aims to complete 750 sets of ao dai, not only for its members but also for the Vietnamese community ahead of the 80th anniversary of Vietnam's National Day and the 75th anniversary of diplomatic ties between Vietnam and the Czech Republic next year.

On this occasion, the club also held its first Congress for the 2024-2029 tenure and elected an executive board of 33 members, chaired by Nguyen Tuyet Hanh./.

Compiled by BTA

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