The region’s largest market was Indonesia with an estimated $1.6 billion annual turnover. Thailand came in second with $749 million, according to a study by Singapore-headquartered venture outfit Momentum Works and digital payments solution firm Qlub. Turnover in the Southeast Asian market last year accumulated to $3.66 billion, it added. As of April 2022, Vietnam had 439 bubble tea shops, with over half located in Ho Chi Minh City, a survey by German data portal Statista and Vietnamese market researcher Q&Me showed. Bobapop, a local brand, was the leader in terms of locations with 89 stores. It was followed by three foreign players, Tiger Sugar (48 stores), The Alley (47) and Gong Cha (42). … [Read more...] about Vietnam third largest market for bubble tea in Southeast Asia: study
29 afternoon tea
☕ Afternoon briefing on August 3
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 3. – State President Nguyen Xuan Phuc on August 3 inspected the implementation of the 2022 special amnesty work at Xuan Loc prison in the southern province of Dong Nai. President Nguyen Xuan Phuc inspects special amnesty work at Xuan Loc prison in Dong Nai province. (Photo: VNA) The leader highlighted the political and social significance of the policy, saying that it manifests the humanitarian advocacy and special leniency of the Party and State towards prisoners who show good behaviour and high determination to rehabilitate themselves. Read full story – Prime Minister Pham Minh Chinh stressed the need to ensure the stability of the macro-economy, markets of different kinds, politics and people’s material and spiritual life, while chairing a regular government meeting on August 3. Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: … [Read more...] about ☕ Afternoon briefing on August 3
☕ Afternoon briefing on August 9
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 9. - The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price. In a recent document sent to the PM, the MoIT suggested investors of those projects negotiate electricity prices and power purchase and sale contracts with Vietnam Electricity (EVN). Read full story Read full story Illustrative image (Photo: VNA) - Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”. Read full story Read full story The new passport version of Vietnam (Photo: Vietnam Government Portal) The granting and use of the new passport will be among the issues about which Minister of Public Security Gen. … [Read more...] about ☕ Afternoon briefing on August 9
☕ Afternoon briefing on August 16
Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 16. - It is necessary to bring into play the strength of the whole nation and political system, make full use of support from the international community and promote all resources and creativeness of the people in building and safeguarding the Fatherland, President Nguyen Xuan Phuc said while chairing a workshop in Ho Chi Minh City on August 16 to discuss theoretical and practical issues on the protection of the Fatherland in the new situation. President Nguyen Xuan Phuc (standing) addresses the event. (Photo: VNA) President Phuc, who is head of the steering committee on building a project to summarise the 10-year implementation of the resolution of the 8th plenary session of the 11th Party Central Committee on the Fatherland protection strategy in the new situation, highlighted major achievements in the cause of national protection. Read full story … [Read more...] about ☕ Afternoon briefing on August 16
☕ Afternoon briefing on August 4
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 4. - Prime Minister Pham Minh Chinh on August 4 commended efforts by the banking sector in digital transformation with diverse products and services for people and businesses. At the working session (Photo: VNA) Addressing “Digital transformation day of the banking sector” in Hanoi, Chinh, who is also head of the National Committee on Digital Transformation, stressed that the sector has played a significant role in national digital transformation. Read full story - State President Nguyen Xuan Phuc on August 4 hosted a reception for Governor of Gunma prefecture of Japan Yamamoto Ichita who is on a working visit to Vietnam. Participants at the reception (Photo: VNA) During the meeting, the leader spotlighted the strong and comprehensive development of the Vietnam – Japan extensive strategic partnership with high political trust, saying that regular … [Read more...] about ☕ Afternoon briefing on August 4
☕ Afternoon briefing on August 5
Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 5. - President Nguyen Xuan Phuc met with newly-appointed ambassadors of South Africa, Saudi Arabia and Belgium, who came to present their credentials, in Hanoi on August 5. Read full story - Vietnamese Minister of Foreign Affairs Bui Thanh Son stressed the importance of dialogue, trust, and sense of responsibility while attending the East Asia Summit (EAS) Foreign Ministers’ Meeting in Phnom Penh on August 5. The event took place as part of the 55th ASEAN Foreign Ministers’ Meeting (AMM-55) and related meetings in the capital city of Cambodia. It drew the participation of foreign ministers from ASEAN member states and EAS partners, namely China, Japan, the Republic of Korea, Australia, New Zealand, India, Russia, and the US. Read full story - Joining the Association of Southeast Asian Nations (ASEAN) was the first step of Vietnam in the process of … [Read more...] about ☕ Afternoon briefing on August 5