Vietnam food and beverage news covers the latest developments in one of the country’s most rapidly growing industries. Vietnamese love to eat and drink and with this in mind, this section tracks Vietnam food and beverage news including key regulations, data points, and developments.

Coffee prices up on increased rain in Vietnam’s coffee belt

the-shiv November 17, 2023

The price of January coffee futures in London was up this week after heavy rains in central Vietnam, a key coffee growing region delayed the coffee harvest, Business Recorder is reporting. Domestic coffee prices in Vietnam this week Dak Lak Lam Dong Date Per Kilo Change Per Kilo Change Date

Highlands Coffee passes 700 store mark in Q3, 2023

the-shiv November 14, 2023

Vietnamese coffee chain, Highlands Coffee, majority owned by Filipino fast food conglomerate Jolibee, extended its network of stores beyond 700 between Vietnam and the Philippines, the World Coffee Portal is reporting. It currently has 43 outlets in the Philippines and 682 stores in Vietnam–making it the biggest coffee chain in

Coffee prices down on increased supply at start of harvest

the-shiv November 13, 2023

Domestic green coffee is down 15 percent compared to its September peak, VN Express is reporting. According to sources quoted in the article this is due to: Farmers holding onto their beans while they wait for prices to rise; It’s the start of the harvest season which means more supply;

Vietnam food processing firm fined US$9,660 for stock market disclosure breaches

the-shiv November 13, 2023

Kido, one of Vietnam’s biggest food processing firms, has been fined for three breaches of Ho Chi Minh Stock Exchange disclosure rules, The Investor is reporting. Breaches and accompanying fines include: For the non-disclosure or late disclosure of information Kido was fined US$4,830; For not submitting to the Hanoi Stock

Snapshot: Vietnam’s Coffee Industry, October 2023

the-shiv November 12, 2023

Business in Vietnam’s coffee industry was slower than usual in October as a result of limited supplies. Part of this was after higher prices earlier in the year saw traders liquidate their supplies. As a result, just US$168 million worth of coffee left Vietnam a fraction of the US$3.23 billion

Japanese investment firm buys into Vietnam’s food and beverage sector

the-shiv November 8, 2023

The Singapore based arm of Japan’s Marubeni Corporation has bought into Vietnam’s Asia Ingredients Corporation, VN Business is reporting. The details of the deal have not been disclosed but this is in line with several big moves in recent months in Vietnam’s food and beverage sector–Vietnamese food and beverage conglomerate

Does Vietnam need to be a part of a ‘coffee cartel’ to increase the value of its coffee exports?

the-shiv November 5, 2023

Major coffee producers in the Global South should band together to form a ‘coffee cartel’ something like what OPEC is for major oil-producing countries, according to an op-ed by Keun Lee, an economics professor at Seoul National University. Essentially, Lee argues that Global South producers should band together, consolidate small-scale

🇻🇳 77 percent of food and beverage businesses are worried about declining purchasing power

the-shiv November 2, 2023

This is according to a Vietnam Report food and beverage industry survey published in September and reported by Vietnam Plus. The survey also found that: 84.6 percent of food and beverage businesses cited global factors as their biggest challenge; 15.4 percent of respondents think there will be more challenges ahead.;

Aussie coffee chain opens first store in Vietnam

the-shiv October 31, 2023

Australian coffee chain Ten Thousand has opened a store in the Vietnamese capital Hanoi, VF Franchise Consulting is reporting. This is the group’s seventh store, with just one in Australia, three in the USA, and two in Taiwan. For a relatively small and new company, that is not well established

Heineken records drop in beer sales in Vietnam first 9 months of this year

the-shiv October 27, 2023

Heineken’s organic sales fell by 5.2 percent in the first nine months of the year, 2.6 percent of that fall attributed to the Vietnam and Nigerai markets, The Investor is reporting. According to the article, Heineken is saying that it is because of a broader economic slowdown, however, there have

Vietnamese coffee brands expand abroad, quality over quantity key

the-shiv October 24, 2023

Doanh Nhan Vietnam is carrying an article about Vietnamese coffee chains expanding into international markets. Of particular interest, however, is a quote in the article from the former Marketing Director of Cong Coffee, Tran Tien Dat, in which he explains Cong Cafe’s thinking when it comes to expanding. “One of

Japan wine distributor enters Vietnam market

the-shiv October 23, 2023

Enoteca, a wine distributor from Japan, has officially registered a subsidiary in Vietnam, Vino Joy News is reporting. Details on their market entry plans are limited, however, Vina Joy notes that the company intends to operate in both the retail and wholesale spaces. Good wine is becoming increasingly popular in

Soju manufacturing plant headed to northern Vietnam

the-shiv October 17, 2023

Soju maker HiteJinro is planning to build a US$100 million soju factory in northern Vietnam’s Thai Binh province, The Investor is reporting. This will be the Korean firm’s first overseas plant and will serve its broader global expansion plans. Soju is becoming increasingly popular in Vietnam and is broadly available

Local coffee chain starts work on new coffee roasting factory in southern Vietnam

the-shiv October 9, 2023

Cao Nguyen Coffee Service (AKA Highlands Coffee) is building a VND 500 billion (US$21 million) coffee roasting facility in southern Vietnam, The Investor is reporting. The coffee chain is among Vietnam’s biggest with 700 stores nationwide and 50 in the Philippines. This new factory will see greater vertical integration for

Vietnam’s coffee exports well down in September year-on-year on higher coffee prices

the-shiv October 5, 2023

Vietnam exported 32.7 percent less coffee in September this year compared to September last year, but the total value of said exports, US$205 million, was just 12.8 percent lower, VOV is reporting. Indeed, it was reported a few weeks ago that with sky-high coffee prices, traders had sold most of

French-Polish freeze-dried instant coffee plant starts work in southern Vietnam

the-shiv October 3, 2023

Last week, France’s Louis Dreyfus Company and Poland’s Instanta Sp. z o.o. inaugurated a freeze-dried instant coffee production facility in Vietnam’s Binh Duong province (next door to HCMC), Vietnam News has reported. The project has cost US$84.2 million to put together and has a capacity of 5,600 tonnes. See also:

Dairy products dominate list of most reputable F&B firms in Vietnam

the-shiv September 20, 2023

Vietnam Report has published a list of the Top 10 Most Reputable Food-Beverage Companies in 2023 and half are dairy firms, Vietnam Plus is reporting. The top 10 were: Vietnam Dairy Products Frieslandcampina Vietnam Nutifood Nutrition Food International Dairy Products VitaDairy Vietnam Moc Chau Dairy Cattle Breeding, Kido Frozen Foods

Vietnam coffee at record high export prices, but supplies running out

the-shiv September 20, 2023

Vietnamese coffee has reached a record export high-price US$3,054 per ton, according to Vietnamnet. The publication is also reporting, however, that traders are running out of coffee to export and estimates a decline of 10 to 15 percent in output on unfavourable weather (no timeframe given). See also: How to

Starbucks opens 100th store in Vietnam: how much bigger can it get?

the-shiv September 18, 2023

Starbucks opened its 100th store in Vietnam on the weekend in Hanoi’s West Lake district, Vietnam News is reporting. It’s taken Starbucks ten years to get to this point on average opening only ten stores a year. For comparison, it opened more than 6,500 stores in China over 24 years

Why booming Vietnamese rice exports matter to foreign firms

the-shiv September 13, 2023

Vietnam’s rice exports from January to August of this year were 20 percent higher than they were over the same period in 2022, according to The Investor. Why it matters: Whereas foreign investment in rice production is relatively small, rice prices are a key contributor to Vietnam’s consumer price index