Vietnamese coffee farmers are delaying sales despite soaring prices, intensifying global supply shortages and driving prices to record levels.

The prices of Vietnamese coffee and pepper are forecast to continue increasing due to limited supply while the export of these products has also enjoyed relative growth, according to insiders.

While Belgium reduced its coffee imports from Honduras and Colombia in 2023, the rate of decrease was lower compared to the reductions from Peru, Brazil and Việt Nam.

On October 24, local time, the first Coffilia cafe in Kuwait was officially inaugurated at Al-Kout Hotel in Fahaheel district in Ahmadi province. This is the first Vietnamese coffee house in the country.

In order to continue increasing the value of coffee exports, the nation is aiming to create standard coffee growing areas amid coffee prices continuously increasing over recent times

Vietnam’s coffee industry needs to take measures to adapt to a new European Union (EU) law that prevents the import of commodities linked to deforestation.

Vietnam was Spain's largest supplier of coffee (by volume) in 2022, with 113,550 tonnes worth 269 million EUR (287 million USD), up 21.6% in volume and 78.9% in value against 2021.

Vietnam has no coffee brand in the list of the 10 most expensive in the world, although it is the largest Robusta coffee producer and ranks second in export coffee volume.