The other four leaders are Starbucks, Phuc Long, Trung Nguyen and The Coffee House. According to research firm Vietnam Industry Research and Consultancy JSC (VIRAC), the country’s biggest coffee chains all saw double digit revenue growth in 2018. The Cao Nguyen Coffee Service JSC, which owns Highlands Coffee, recorded revenues of VND1.6 trillion ($68.67 million) in 2018, an increase of nearly 31 percent from the previous year. Highlands Coffee was founded in 2002 by a Vietnamese-American. In 2012, it was bought by Philippine fast food giant Jollibee. The brand takes a relatively different direction compared to competitors, focusing on coverage rather than consumer tastes. Although the chain maintains a simple, easy-to-choose beverage menu, many of its stores can be found positioned in large buildings, commercial centers, and other prime locations. According to VIRAC, because it had invested huge sums in shops, land and marketing, Highlands Coffee has only been really profitable … [Read more...] about Which coffee chain makes the most money in Vietnam?
Biggest fast food chain
Woowa wants to waylay food apps
The number of food-hailing apps in Vietnam’s biggest cities has exploded since 2017, Photo: Le Toan After lunch, Nguyen Mai Hoa and her friends often order drinks through mobile applications. “One year ago, I went straight to Delivery Now because it was one of the most popular apps, but now I browse all apps to find the best deal. I think customers will benefit massively from more players in the food delivery segment,” said Hoa, who is working for a private company in Hanoi. Over the past couple of years in Hanoi and Ho Chi Minh City, youngsters like Hoa have been spending more money on fast food, drinks, and snacks. Office workers are also willing to order food online instead of going out. According to the latest report of market research firm Euromonitor, the Vietnamese food delivery market is estimated to reach $33 million this year and more than $38 million in 2020. As a result, food delivery has plenty of room for growth, attracting numerous domestic and … [Read more...] about Woowa wants to waylay food apps
Sales of prepared food sales increase, convenience store chains expand
VietNamNet Bridge - Consumers are spending more money on food and drinks, especially prepared foods, including dairy products, instant noodles and sausages. According to Vietnam Report, the consumption index of food processing and beverage sectors in the first nine months of 2018 increased by 8.1 percent and 10.2 percent, respectively, compared with the same period last year. The spending on food & beverage (F&B) accounts for the highest proportion in Vietnamese families’ expenses, about 35 percent. Meanwhile, BMI predicted that the F&B sector’s growth rate will be higher in 2016-2019. Vietnam may end up in the third position in Asia. In HCMC, food processing in the first 10 months of 2018 grew by 8.7 percent, while it increased by 5.7 percent in the same period last year. Beverage production increased by 4.6 percent against 2.6 percent. The growth rates were high enough to encourage enterprises to scale up production. According to the HCMC Industry … [Read more...] about Sales of prepared food sales increase, convenience store chains expand
Two ventures at the top of the food chain in Vietnam
It is no secret that Vietnamese love eating out. It is also a fact that nation has achieved renown as one of the best places in the world for street food. Jostling for space in this culinary milieu, and succeeding handsomely, are Kichi-kichi, Gogihouse, SumoBBQ and ThaiExpress. These are no strange names to Vietnamese who love dinning out. They are among most popular grill and hotpot restaurant brands in the country. However, not a lot of restaurant goers are aware that they are established and run by Vietnamese. In 2005, with the help of two friends, Dao The Vinh, an entrepreneur in his early 30s, opened the first Ashima mushroom hotpot restaurant on Phan Dinh Phung Street in Hanoi after falling in love with a local hotspot dish during his trip to the “heaven on Earth” city of Shangrila in Yunnan, China. Ashima succeeded beyond the expectations of its founders, who simply thought they were doing what they loved. In just two years, the number of Ashima restaurants had … [Read more...] about Two ventures at the top of the food chain in Vietnam
Fast food and its invasion of Vietnam’s culinary paradise
For seven happy years, from 2003 to 2010, I lived on Tran Hung Dao Street, Hanoi. Right behind our elegant French villa, within a few blocks, there was a food paradise. The area to the south was full of wonderful eating places, from grand restaurants to sidewalk cafés. I loved the oceanic taste of stir fried squid, the freshness of rice-paper spring rolls, the strength of beef in black pepper sauce… But perhaps my biggest favorite was bun cha, which we used to purchase from a little restaurant on Le Van Huu Street, to eat at home on Sundays. Renowned chef Anthony Bourdain once wrote: “You don’t have to go looking for great food in Vietnam. Great food finds you. It’s everywhere. In restaurants, cafes, little storefronts, in the streets; carried in makeshift portable kitchens on yokes borne by women vendors.” I was not at all surprised that the little restaurant on Le Van Huu Street where we used to buy our Sunday bun cha was the place where … [Read more...] about Fast food and its invasion of Vietnam’s culinary paradise