Vinh Hiep Company Limited was established in 1991. Its head quarter is located in Pleiku city, Gia Lai province. The company has a charter capital of 50 billion VND. Being one of the largest coffee exporters in Vientam, each year the company provides the domestic and global market with more than 30,000 tons of coffee and 8,000 tons of pepper.
In addition to its own coffee farms, Vinh Hiep Co., Ltd. has also built a coffee production and processing network with 10,000 farmers, complying with the requirements of sustainable farming and environmental protection. Currently, the company’s products are mainly exported to the US, Japan, Korea, and EU.
After Intimex Import-Export Company's branch in Ho Chi Minh City, which was established in 1995, had been equitized, Intimex Import-Export Joint Stock Company officially came into operation on July 1, 2006. In 2011, the company changed its name to Intimex Group Joint Stock Company (Intimex Group).
Currently, Intimex Group has more than 900 employees with a charter capital of 223 billion VND. The company’s annual import and export turnover is over 1 billion USD and annual revenue is over 40 trillion VND. Intimex's network stretches from North to South with 6 branches and 14 member units.
Intimex Group owns 11 factories that process high-quality coffee for export with a total capacity of 570,000 tons/year.
Intimex My Phuoc Joint Stock Company, formerly known as a branch of Intimex Import-Export Joint Stock Company in My Phuoc (Intimex My Phuoc), was established under the Decision No. 10/QD-INX-HĐQT dated March 26, 2009. The company specializes in producing and trading high quality coffee to meet both domestic and export demands.
Other companies in the top 10 largest coffee exporters in Vietnam are Daklak September 2nd Import - Export Company Limited, Mascopex Joint Stock Company, Neumann Gruppe Vietnam Limited, Cat Que Trading And Production Company Limited, Phuc Sinh Corporation, Volcafe Vietnam Co., Ltd, and Nestlé Vietnam Limited.
Vietnam's coffee exports will increase in the coming time thanks to increased demand and recovering prices.
World coffee prices are on the upswing thanks to reduced supply from major coffee producing countries in the world, while available coffee stocks have fallen to multi-year lows.
In addition, Vietnam's major coffee export markets have all suffered great losses because of the Covid-19 epidemic, and have to continue to maintain social distancing, which will increase the demand for consuming coffee at home.
Currently, Europe is Vietnam's largest coffee export market, accounting for 33.8% of total export volume and 58.9% of total export turnover. In particular, Vietnam's coffee exports are being supported by the EVFTA, with which import tariffs for all unroasted or roasted coffee products to this market has been eliminated, creating an advantage for Vietnamese coffee.
According to statistics from the General Department of Customs, Vietnam's coffee exports in May 2021 reached 109.5 thousand tons, with a turnover of 207.4 million USD, up 1.2% in volume and 0.48% in value compared to April 2021; and down 7.49% in volume but up 3.9% in turnover compared to May 2020. Generally, in the first 5 months of 2021, Vietnam's coffee exports reached 549.9 thousand tons, with a turnover of 1,032 billion USD, down 20.1% in volume and 11.8% in turnover compared to the same period in 2020.
The average export price of coffee in May 2021 was 1,893.6 USD per ton, down 0.7% compared to April 2021 and up 12.4% compared to May 2020. Generally in the first 5 months of 2021, the average export price of Vietnam's coffee products reached 1,877.9 USD/ton, up 10.5% over the same period in 2020.
In May 2021, Vietnam's coffee exports to many markets decreased, however, exports to some countries in the EU zone still experienced an increase compared to May 2020.
Generally, in the first 5 months of 2021, coffee exports to key markets such as the EU, US, Japan, and Russia all decreased or only increased slightly compared to the same period in 2020. However, exports to other markets such as China, Indonesia, Ukraine, New Zealand still increased.
Source: Ministry of Industyr and Trade
Compiled by VietnamCredit