The International Coffee Organization (ICO) recently confirmed that Vietnam has surpassed Brazil to become the world's largest coffee exporter, but Vietnamese coffee exporters are not happy. At present, 70% of Vietnam's coffee exports are completed by foreign-funded enterprises, and many domestic coffee enterprises are in trouble due to mutual price reduction and shortage of funds. Large Vietnamese coffee companies such as Sai Yuen Coffee Company, Dole INEXIM Company and Sai Yuen Coffee Import and Export Investment Joint Stock Company are facing financial difficulties. The Vietnam Coffee Association called on domestic coffee companies to strengthen coordination and cooperation to avoid vicious competition, and asked coffee-growing provinces to ban the picking and sale of immature fruits, mature fruits must account for more than 95% of the total output.
(Editor: Leo)
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