food and beverage
The Food & Beverage category covers market trends, production insights, and trade developments in the food and drink industry. It explores consumer preferences, supply chain issues, exports, imports, and regulatory policies, providing insights into sustainability, pricing trends, and investment opportunities in the sector.
Aussie coffee chain opens first store in Vietnam
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
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
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
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
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
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
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
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
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
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?
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
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
Coffee price decline likely temporary
The Ministry of Industry and Trade’ Import-Export Department is anticipating that a recent decline in coffee prices will slow down, according to Vietnambiz. Vietnam is the world’s second largest coffee producer after Brazil. In the first half of 2023, coffee exports earned Vietnam US$2 billion.
In today’s Vietnam news: Fuel prices cut, Double-digit growth target reinforced, New airport services delay approval requested, TikTok VN investment, Bybit in Vietnam, LG
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This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It