Wednesday, 18:42, 24/02/2021
VOV.VN - In the face of the COVID-19 pandemic, local coffee firms have devised a long-term strategic vision, changed their business mindset, and invested in processing technology in an effort to increase the added value of coffee beans.
Since Vietnam joined the International Coffee Organization (ICO), the coffee industry has experienced three crises, with the first occurring in 1991 when the ICO removed the quota system, causing the price of Arabica coffee to drop from US$4,000 per tonne to US$3,000 per tonne.
The second happened in 2000 when the price of Robusta coffee dropped to US$400 per tonne, and the third took place last year when the price fell by between US$1,300 and US$1,400.
Vietnam Top Coffee Shipper Intimex Plans to Offer 49% Stake
By
January 19, 2021
(Bloomberg) Vietnam’s biggest coffee bean exporter Intimex Group plans to offer as much as a 49% stake to foreign investors this year as the company looks to expand its instant coffee factory, Chairman Do Ha Nam said.
The former state-backed company, which is now owned by domestic investors, will issue new shares for the stake sale, according to Nam, who is also chief executive officer. Talks with foreign investors are expected to begin after the instant coffee factory in Binh Duong province, which borders Ho Chi Minh City, reaches its current designed capacity of 4,000 tons a year this quarter, he said.