Vinacafe Striving for a Strong Group

Vietnam Coffee General Company, or Vinacafe, has tried its best to become a strong group in 2010, the Vietnam Agriculture reported, citing an official from the company.

 

Vinacafe&rsquos General Director Do Van Nam said the company has planned to build a number of high quality coffee factories, including Vinacafe Dalat, Vinacafe Dak Ha, 331 Coffee Im-Export Co, and Hoa Thang Trade Center in Buon Ma Thuot, and Tien Son Coffee and Grain Processing Factory in Bac Ninh province.

 

Nam said Vinacafe raked in  US$243 million from exporting more than 113,000 tons of coffee in the first six months of 2008, fulfilling 63 per cent and 425 of yearly plan, respectively.

 

The company&rsquos  US$243 million export revenues accounted for 20 per cent of Vietnam&rsquos total earning from coffee export in Jan-Jun 2008.

 

Doan Dinh Thiem, chairman of Vinacafe&rsquos management board, said the company may export around 250,000-300,000 tons of coffee worth  US$550 million this year, up 20 per cent on year.

 

He said that the company&rsquos net profit may reach from VND280 billion to VND300 billion.

 

Vinacafe now has 42 affiliates, including 9 joint stock companies, and 33 farms. (Vietnam Agriculture)