Over 30,000 Vietnam food and beverage stores shut down in the first half of 2024 as consumers cut down on visits to cafes, a company that consults the industry said. There were 304,700 food and beverage outlets as of June-end, down 3.9% from the end of last year, iPOS said in a report. There was…
A supply crunch of robusta coffee beans in Vietnam — the world’s biggest producer of the bitter bean variety — is poised to send inflation and bthe cost of your already pricey latte even higher. Futures of the robusta coffee bean — which is primarily used in espresso and instant coffee, as well as some…
Major coffee producing countries like Vietnam and Indonesia are forecast to have sharp drops in output this year in part raising coffee bean prices. By: WATARU HAMANO TOKYO — Global coffee bean futures are near record or recent highs, fueled by increasing demand from a growing middle class in China and the rest of Asia…
August 1, 2023 A Phuc Long kiosk in Ho Chi Minh City. Photo by VnExpress/Tat Dat Beverage chain Phuc Long saw revenue in the second quarter falling 14% year-on-year to VND370 billion ($15.63 million), the first decline since it was acquired by retailer Masan Group. Phuc Long’s pre-tax profit declined by a third to VND63…
NEW YORK, N.Y.— Nguyen Coffee Supply has launched two additional Ready-To-Drink (RTD) cold brew products to their Vietnamese Coffee Line. Joining their Classic Black Cold Brew, the two new cold brew cans include Condensed Milk and Coconut and will be available on the Nguyen Coffee Supply website and at Whole Foods Markets in New York…
Starbucks continues to respond to increased consumer demand for convenience, partnering with local franchisee Coffee Concepts Limited to bring its drive-thru offering to Cambodia. The Seattle based coffee chain has opened its first drive-thru store in Cambodia in partnership with its local franchise partner Coffee Concepts Limited. The US coffee chain, which operates 30 outlets…
Highlands Coffee, one of the largest coffee chains in Vietnam, earlier this month hiked its prices by 10-15 percent. It said that the increase served to maintain product quality amid market fluctuations. Hoang Viet, CEO of Laha Cafe, said that coffee chains are seeing costs of coffee surging by 25 percent and rents by 10-20…
Starbucks Vietnam will close its Hanoi outlet after eight years, following the closures of two locations in Vietnam last year. The Starbucks Lan Vien outlet in Hoan Kiem District will operate until June 30, the company said in a Facebook post. Last year, Starbucks Vietnam had closures of another outlet in Hoan Kiem District and…
New York, N.Y. — Nguyen Coffee Supply announced the closure of a $2.6 million seed round of funding. The funding will advance Nguyen Coffee Supply’s mission to bring Vietnamese coffee–and the resilient robusta bean–to the masses and support the company’s expanding distribution and product innovation. The seed round will help transform the coffee industry through…
Leading Vietnam’s coffee renaissance has been Future Coffee Farm founder Toi Nguyen, whose plantation around 180 kilometers from Ho Chi Minh City has become an inspiration to new coffee farmers with grand ambitions of affecting coffee perceptions around the world. (Photo by Mervin Lee) PAVAN SHAMDASANI, Contributing writerFebruary 19, 2022 12:00 JST HO CHI MINH CITY…
