Vietnam, Indonesia step up cooperation in coffee sector

Illustrative image (Source: VNA)

Hanoi (VNA) – The Embassy of Indonesia in Hanoi and the Vietnam Coffee and Cocoa Association on February 6 hosted a workshop to boost Indonesia - Vietnam cooperation in the coffee sector.

The event was attended by representatives from Indonesian diplomatic agencies in Vietnam, ministries, sectors and 25 Indonesian and Vietnamese firms, including Kapal Api Group, Sabani International, Me Trang Coffee, Minh Tien Coffee, Thai Hoa Coffee and Hapro Distribution.

Addressing the opening ceremony, Indonesian Ambassador to Vietnam Ibnu Hadi said the event aims to enhance ties between Indonesia and Vietnam in the coffee sector, contributing to realising the two-way trade target of 10 billion USD by 2020.

According to the Ambassador, Vietnam and Indonesia recorded an increase of 16.36 percent in trade value to 6.5 billion USD in 2017, of which Vietnam imported 3.63 billion USD worth of products from the country, up 22.52 percent year on year.

Vietnam and Indonesia are the world’s second and fourth biggest coffee exporters, respectively.

The two ASEAN members produce 80 percent of the world’s coffee output, Hadi said.

Indonesia has 1.25 million hectares of coffee growing area, while Vietnam’s figure is 662,000 hectares