(CPV)- IFC, a member of the World Bank Group, has signed a cooperation agreement with Atlantic Commodities Vietnam Ltd, a subsidiary of ECOM Agroindustrial Corporation, to set up the first training center for Vietnamese coffee farmers. The Centre will help farmers to meet international certification standards, improve the sustainability and productivity of crops, and increase their earnings. This is part of a larger plan for IFC to provide investment and advisory services to help ECOM Group, a global coffee trader, establish several farmer training centers. The plan includes a 55 million USD, five-year corporate loan facility for use in six countries, including Vietnam, which was committed in June 2008. "Adding value to our farmer suppliers through Farmer Training Centers makes good business sense for ECOM Group, which has been proven through similar projects in Mexico and Uganda," said Alexander Gruber, General Director of Atlantic Commodities Vietnam Ltd. "This agreement is an … [Read more...] about First training center for Vietnamese coffee farmers to set up
Vietnamese coffee how to make
Pham Dinh Nguyen at the only gas station in his town Buford Pham Dinh Nguyen, who bought and became owner and mayor of the US's Buford town last year, will change its name and sell Vietnamese coffee there. The 39-year-old businessman said he would rename the town "PhinDeli" - Phin being a coffee filter that Vietnamese people use to make their coffee and "Deli" a shortened form for "delicious". It will also be the brand-name of his coffee product, Nguyen said. He told the Tuoi Tre (Youth) newspaper that he hopes this move will help promote his product directly to the American people. The Vietnamese mayor said he will turn the 200-square-meter convenience store in town into a coffee shop and sell two types of products, deluxe and super-clean coffee, in 250 gram and 500 gram packages. The coffee will be of guaranteed standard and free of any chemical substance, he said, adding that it was a long … [Read more...] about Vietnamese owner, mayor to rename smallest US town
Hundreds of Vietnamese coffee companies have been perishing in the home market, since foreign invested enterprises now corner the coffee material sources which have been developed by the State and farmers for years. With more than 500,000 hectares of coffee, Vietnam can export more than 1.2 million tons of coffee beans every year. However, despite the big export volume, the export turnover is not big, because 90 percent of the exported volume is preliminarily treated products, sold at low prices. In 2011, Vietnam got 2.4 billion dollars from coffee exports, which is the highest export turnover level so far. Therefore, in 2007, the government released the Decree No. 23, encouraging 100 percent foreign owned enterprises to set up their production bases in Vietnam. The enterprises are now allowed to collect coffee materials from farmers, while they can only focus on the processing stage. With the decree, local authorities in the Central Highlands, the biggest coffee plant growing … [Read more...] about Vietnamese coffee brands trembling amid the foreign storm
Taking big losses, the owners of “Coffee Duc Lap Minh An” and “Coffee Duc Lap Dakmil” are planning to sell the two brands to the Chinese enterprise, which stole “Buon Ma Thuot coffee” brand, for 18 billion dong. While Vietnamese relevant agencies have been making every effort to claim back the Vietnamese well-known brands appropriated by foreigners, the Minh An Agricultural Service Cooperative has recently sent a document to the provincial Department of Agriculture and Rural Development, informing the plan on selling coffee brands. The cooperative, located in Duc Minh Commune, Dak Mil district of Dak Nong province, said that it would sell the two coffee brands which have been protected in Vietnam, China and the US, if it cannot get support to access bank loans. Selling brands to pay debts Minh An Cooperative specializes in trading farm produce and processing coffee powder for export. Minh An’s products have been exported under the … [Read more...] about Vietnamese businessmen attempt to sell 2 coffee brands to Chinese
Under the new regulations, from October 2012, every member of the Vietnam Cocoa and Coffee Association (Vicofa) would have to pay 2 dollars for every ton of coffee exported. The money would go to the coffee insurance fund. The information has raised worries among Vietnamese coffee exporters. They said that if the fee is only charged on Vietnamese enterprises, not on foreign ones, which collect and export 50 percent of total coffee output, this would create the unfair treatment. At a recent meeting of the Ministry of Agriculture and Rural Development (MARD), Luong Van Tu, Vicofa’s Chair said that once the coffee export support fund is set up, Vicofa will have the way to create a budget for the fund. The State will not be required to spend money for the fund. The only thing it needs to do is to set up a mechanism that allows Vicofa to collect money from enterprises to maintain the fund. If 2 dollars are mobilized to the fund from every one ton of coffee exported, Vicofa … [Read more...] about Coffee insurance fund makes it more difficult to export coffee?