The objective is to increase productivity and exports
The government of Vietnam plans to renovate up to 160,000 hectares of its coffee farms, this means replacing 25% of its total production area by 2020. The goal is to make crops more productive and increase their share in the international coffee market.
With approximately 645,000 total hectares of coffee farms, Vietnam is the second largest producer in the world, only behind Brazil, its largest competitor. Vietnam accounts for 18% of the world production. Brazil has 33% of the world market, which in 2016 was 152 million 60 kg bags.
This data is from the International Report on Coffee Trends of the Coffee Bureau of Competitive Intelligence, UFLA – University of Lavras, MG.
