However, according the Vietnam Cocao and Coffee Asociation, real output could be 21 million packs, … Vietnam: Revenue in the Coffee segment is projected to reach US$4,845m in 2020. The World Bank was instrumental in providing financing to coffee farmers as well as other farmers in Vietnam. Government Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The World Bank Group works in every major area of development. Coffee production in Vietnam boomed since it’s beginnings. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Further analytical work followed in 2014 and 2015. Achieving the Sustainable Development Goals to end extreme poverty by 2030 will require about $4.5 trillion annually, far more than multilateral development banks or donors can provide by themselves. The country is the world’s second biggest producer of coffee production and export. To face this challenge, the World Bank Group adopted the MFD approach, which entails working with governments to crowd in the private sector while optimizing the use of scarce public resources. Vietnam - Coffee sector report (Vietnamese) Abstract. The country's crop year runs from October to September. PROSPECTS FOR COFFEE PRODUCTION; 5.1. By 2020, efforts to maximize finance for development are expected to provide 200,000 coffee and rice farmers with higher incomes, as profits are projected to increase by 20 percent. In addition, the IFC Global Trade Supplier Finance program helps reduce risks for international traders to expand their operations in Vietnam by providing their local commodity suppliers with better access to financing at competitive rates. The Vietnam Sustainable Agriculture Transformation Project supports “small farm-large field” production management models, which promote the collective actions of smallholders to reduce production costs, improve product quality, and reduce transaction costs for contracts with rice mills. The Global Consumption Database is a one-stop source of data on household consumption patterns in developing countries. Vietnam from The World Bank: Data. This result the increase of income of employment and decline the hunger rate. In 2001 and 2002, world coffee production was estimated to be about 116 60-kilogram bags, while consumption only totaled five million bags. coffee production in Vietnam, presented the effectiveness of Arabica coffee in Huong Hoa ... taking in particular into consideration the level of coffee production in the world. The World Bank provided $238 million in IDA financing to strengthen the competitiveness and sustainability of coffee and rice value chains in the Central Highlands and Mekong River Delta. This is coffee, but not as you know it. Coffee and rice suffer from unreliable quality and product safety, lack of brand recognition, and declining productivity from aging coffee trees and the effects of climate change. Vietnam has experienced three sets of direct impacts as a result of the coffee crisis: Some regional economic shocks, socio-economic impacts in the primary coffee-producing regions that have resulted in the partial dismantling of … If you continue to navigate this website beyond this page, cookies will be placed on your browser. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. This site uses cookies to optimize functionality and give you the best possible experience. Vietnam is one of the largest producers of coffee in the world, second only to Brazil. offer private sector solutions for agriculture in Vietnam. The World Bank Board of Directors has approved $315 million in credits to go toward agriculture and education development in rural communities in Vietnam, with a substantial but unspecified portion of the loan focused on rejuvenation and development of sustainable coffee production.. This had all changed by 1990, by which point Vietnam had reached its current place as the second highest producing coffee country in the world (after Brazil) – a result of heavy investment in coffee production made possible by the liberalisation of land ownership under Doi Moi reforms in the mid-1980s and World Bank/IMF policy recommendations incentivising farmers to produce coffee for export. To attract and retain private investment in the provinces where the IDA-financed project operates, the World Bank Group’s Finance, Competitiveness and Innovations Global Practice is providing advisory assistance for capacity building and institutional reforms to promote private investments. An assessment of difficulties faced by the sector. Part 5 investigates the social and environmental impacts of coffee production, including effects on the ethnic minorities that represent a considerable proportion of coffee growers. To complement the various initiatives to maximize finance for development, IFC is also partnering with local banks to provide commodity traders with structured financing solutions backed by warehouse commodities as security for the loans. WCR World Coffee Research . Constraints faced by private investors in agribusiness in Vietnam include high transaction costs caused by a fragmented farming sector with limited collective action at the farm level, and policies restricting international companies from sourcing products directly from farmers. The project also encourages contract farming, and offers a package of trainings, services, and matching grants conditional on farmers’ efforts to reduce the use of seeds, fertilizers, agro-chemicals, water, and post-harvest losses. Together they have boosted the sustainability of coffee production in the Central Highlands of Vietnam, benefiting tens of thousands of coffee farmers in the region. Vietnam has experienced three sets of direct impacts as a result of the coffee crisis: Some regional economic shocks, socio-economic impacts in the primary coffee-producing region Vietnam's meteoric rise to become one of the world's largest coffee producers in world-record time has been matched by equally fast changes in policies and market structure. The country’s coffee industry is expected to grow strongly over the forecast period, as the population continues to expand at a rate of about one million people a year. As the fact that coffee is currently the third most consumed drinks in the world … The Socialist Republic of Vietnam : Coffee Sector Report. Table of contents 4 Section Page Introduction 5 Summary 10 Country profiles Indonesia 15 Ethiopia 17 Mexico 19 Uganda 21 Brazil 23 Peru 25 Honduras 27 India 29 Guatemala 31 Vietnam 33 Tanzania 35 Columbia 37 Kenya 39 Costa Rica 41 Nicaragua 43 Papua New Guinea 45 El Salvador 47 . Additional benefits are considerable, including lower-carbon, climate-smart farming for 40,000 hectares for coffee production and 75,000 hectares of rice fields; 17,000 hectares of renewed coffee trees; and increased exports thanks to better quality raw materials. Recently, as the government removed regulatory constraints to encourage rice mills to produce higher-value rice products, IFC has directly invested in companies that produce seeds and process and export coffee and rice. Coffee production has been a major source of income for Vietnam since the early 20th century. About the database. Introduction: Purpose and contents of the R&R country data sheets Notes: … The VNSAT is a credit from the World Bank for Vietnam to support its efforts in transforming the agriculture sector toward sustainable production, especially in rice and coffee. While Vietnam has rapidly claimed a commanding presence in the market, the failure of global cooperative measures among coffee producing and consuming nations as well as maneuvering by the coffee market's foremost giant, Brazil, significantly contribute to the global coffee crisis. To learn more about cookies, click here. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. By the 21st century coffee was only surpassed by rice as a Vietnamese export. Part 6 concludes with a summary and recommendations for further action and possible investment opportunities. Environmental and Social Policies for Projects. It is designed to serve a wide range of users—from researchers seeking data for analytical studies to businesses seeking a better understanding of the markets into which they are expanding or those they are already serving. A Superpower of Robusta Production. With support from the World Bank Group, the government seeks to increase the quality and value of agriculture through three strategies: using natural resources more sustainably; reducing transaction costs to crowd in private investments in value chains; and providing commercial finance to farmers and agribusinesses. The market is expected to grow annually by 10.4% (CAGR 2020-2025). Market Overview Vietnam Coffee Market is witnessing a CAGR 8.07% during the forecast period (2020-2025). In … The World Bank Group is providing strategic and investment support to strengthen farmers’ access to markets, boost income, enhance value chains, create jobs, promote climate-smart farming, and encourage private finance and innovation. The World Bank Group works in every major area of development. The World Bank In Vietnam Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. 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