A bilateral trade agreement between Vinacacao and Libeert
- 196
- Business
- 10:36 16/12/2023
DNHN - A signing ceremony for bilateral commercial cooperation was held on December 14 afternoon between Libeert Company and Vietnam Cocoa Joint Stock Company (Vinacacao).
For the first time, two businesses from different nations and continents that produce finished goods in the same sector of the chocolate industry are working together to trade markets. In addition to providing chances for the two companies to extend their markets and for businesses that produce completed goods to collaborate in new ways by buying to sell or selling to buy, the event also presents prospects for the Vietnamese cocoa industry and cocoa growers. Additionally, it creates the possibility of exporting completed chocolate goods and cocoa under Vietnamese brands to Europe, which is currently the world's largest market for chocolate production and consumption.

Statistics from the "Towards building a unique Vietnamese cocoa brand in the world market" Vietnam Cocoa Conference (November 18, 2020, organised by the Ministry of Agriculture and Rural Development and the Embassy of the Kingdom of Belgium in Vietnam) show that the global chocolate industry is consuming over 4 million tonnes of cocoa beans, and that the average annual growth in chocolate consumption is 5.7%.
Vietnamese cacao gained notoriety abroad after taking home the 2013 International Cocoa Award. In 2015, the International Cocoa Organisation categorised Vietnamese cacao as "Fine or Flavoured Cocoa" because of its low acidity and pleasant fruit flavours. This feature has the potential to make Vietnamese cocoa stand out from the competition and carve out a special market for itself. It also presents Vietnam with a chance to grow its cocoa business, which is the primary source of cocoa beans used to make chocolate.

The Vietnam Coffee and Cocoa Association estimates that the country's annual chocolate consumption demand is currently over 5,000 tonnes. The range of well-known items and brands that are available in Vietnam is increasing. Vinacacao is among the several domestic brands that are experiencing a significant upsurge.
Vinacacao is a prominent Vietnamese manufacturer, supplier, and distributor of products based on cocoa, which was founded in 2007. Vinacacao diversifies its raw material sources through cooperative programmes with overseas partners and cocoa farmers, in addition to traditional exports and sales to foreign importers through co-branding and exclusive branding.

To maximise the natural nutrients found in cocoa, Vinacacao uses cutting-edge German technology in its production process. Over the years, the company has not only improved its staple goods, cocoa and chocolate, but it has also consistently explored and introduced a wide range of products that offer consumers alternative foods and health benefits.
Vinacacao is pleased to have the top spot in the market for end-line finished goods that reach consumers as of right now. aiming for a bigger goal, which is to support the government's cocoa initiatives, prioritise family and child health, represent the interests of Vietnamese cocoa growers, and significantly contribute to the development of the country's cocoa sector.

The signing of a bilateral cooperation agreement between Vinacacao, a Vietnamese company that has been producing, supplying, and distributing cocoa products for almost 20 years, and Libeert, a Belgian brand with a century-long history, opened up new avenues for cooperation and a means for Vietnamese companies that manufacture finished goods to enter international markets through product exchange (as opposed to using foreign currency, or USD), but rather the subtraction method).

This occasion signifies a unique collaboration between two Vietnamese and Belgian businesses that manufacture completed goods in the same sector. It creates new export routes for Libeert and Vinacacao from Belgium to Vietnam and from Vietnam to Belgium. This marks a significant milestone in Vinacacao's 20-year history of formation, expansion, and advancement.
Ngoc Thu
Related news
- Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
- The master sales secrets of luxury king Bernard Arnault that make the world spend
- White House: When politics and technology join forces to rewrite the global AI order
- Da Nang proposes semiconductor cooperation with Oregon (USA)
- Quang Tri calls for investment in wind power plant project worth over VND 1,100 billion
- Hanoi receives two million visitors during the four-day National Day holidays
- Multiple MoUs signed in Da Nang to boost semiconductor development
- UNDP Resident Representative hails Vietnam as an emerging economic powerhouse
- How the UAE Transformed from Oil Wealth to AI Leadership?
- Success in business is always a human story
- Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
- VinFast: a strategic pivot amid the green industry storm?
- 127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
- Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
- Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
- What’s Vietnam’s game plan as President Trump pressures the Fed?
- SK Innovation and HD Hyundai (South Korea) step up cooperation with Khánh Hòa Province (Vietnam)
- Quang Tri attracts $96.5 mln in new projects in July
- A trade fair organizer surprises by joining the ranks of top-earning listed companies
- HDBank secures USD 215 million syndicated loan from JICA, SMBC, and FinDev Canada
Đọc thêm Business
Deputy Prime Minister Lê Thành Long meets with Osaka Governor Yoshimura Hirofumi to promote Vietnam–Japan cooperation.
As part of his working visit to Japan and participation in the Vietnam National Day at EXPO 2025 Osaka, on September 8, Deputy Prime Minister Lê Thành Long held talks with Osaka Governor Yoshimura Hirofumi.
Larry Ellison’s lesson: Enduring success starts with fixing the market’s pain points
As of today, Larry Ellison has risen to become the world’s second-richest billionaire with a fortune of nearly $260 billion, surpassing familiar names such as Jeff Bezos and Warren Buffett.
The master sales secrets of luxury king Bernard Arnault that make the world spend
Billionaire Bernard Arnault, Chairman of LVMH (Moët Hennessy Louis Vuitton), controls more than 70 of the world’s most prestigious luxury brands, from Louis Vuitton and Dior to Moët & Chandon and Bulgari.
White House: When politics and technology join forces to rewrite the global AI order
The White House became the epicenter of global attention as U.S. President Donald Trump and First Lady Melania Trump hosted a high-profile state dinner, bringing together more than 20 of the most powerful leaders in technology and American business.
Warren Buffett: The contrarian billionaire – What can Vietnamese entrepreneurs learn?
Warren Buffett has never invented a piece of technology, created a product that changed the world, or relied on social media.
Vietnam Golf Course Owners Summit 2025: Driving sustainable growth in golf tourism and golf economy in Vietnam
Vietnam Golf Course Owners Summit2025 (VNGOS 2025), focusing on the sustainable development of golf tourism and the golf economy in Vietnam, will be held for the first time on October 30 - 31, 2025, at Laguna Lăng Cô Resort, Hue City.
President Luong Cuong’s visit to China: A message of Vietnam’s diplomacy
From September 2 to 4, 2025, President Luong Cuong led a high-level Vietnamese delegation to attend the 80th anniversary of the world’s victory over fascism and to carry out a series of high-level diplomatic activities in China.
Prof. Dr. Huynh Van Chuong: A strategy to elevate Vietnam’s education on the global stage
On the occasion of the 80th anniversary of Vietnam’s education sector and the opening of the 2025–2026 academic year, Professor Huynh Van Chuong shared insights on key achievements in education quality management.
General Secretary To Lam: Investing in education is investing in the future.
The new academic year 2025–2026 officially began, marking the start of a new phase in Vietnam’s education: humanistic, globally integrated, innovative, and reaching outward to stand shoulder-to-shoulder with the world’s leading nations.
Hanoi Party Secretary Bui Thi Minh Hoai: “Hanoi 2025 – space of tradition and creativity” embodies the capital’s aspiration to rise
On the morning of September 1, a delegation of Hanoi’s Party Committee, People’s Council, People’s Committee, and the Vietnam Fatherland Front Committee was led by Party Secretary Bui Thi Minh Hoai.