Increasingly busy lifestyles and longer working hours will continue to strengthen customer appreciation of instant coffee, according to market researchers Mordor Intelligence, leading more consumers to switch from freshly ground coffee or standard instant coffee to instant coffee mixes with milk and/or sugar. Moreover, producers continue to introduce stronger-tasting varieties that suit the traditional preferences of Vietnamese consumers. The increasing number of cafés and coffee culture in Vietnam is also expected to boost the market, Mordor believes. The thirst for caffeine in Vietnam puts the country on track to be among the world’s Top 5 fastest-growing coffee retail markets by volume between 2017 and 2021, according to global market intelligence agency Mintel. “The domestic instant coffee market is witnessing stiff competition from a range of long-term foreign and local brands,” Mr. Tran Thanh Hai, Chairman of the Nutrition Food JSC (NutiFood), … [Read more...] about VN coffee producers mixing it up
Coffee
Coffee Club enters Viet Nam
Tourists pass by a The Coffee Club outlet in Phuket, Thailand. — Photo booking.com Hospitality multinational Minor International has agreed to a joint venture with Vietnam Investments Group (VI) to operate as the master franchisee of The Coffee Club in Viet Nam. “This is a great step forward for The Coffee Club as it makes its first entry into Viet Nam”, The Nation quoted Paul Kenny, CEO of Minor Food, as saying. “With the flourishing coffee market and favourable macro trend, we are very optimistic about the opportunity to strengthen our presence in the country and grow The Coffee Club brand nationwide,” he said. Under the partnership, the initial plan is to open 100 outlets of The Coffee Club over the next five years. Minor International first entered Viet Nam in 1995 with a joint venture in a hotel in Hai Phong. In 2009, it began targeting local diners with three restaurant brands – The Pizza Company, Swensen’s and Thai Express. To date, … [Read more...] about Coffee Club enters Viet Nam
Coffee festival to be held in Dak Lak
(Photo: vccinews.vn) Hanoi (VNA) - The seventh annual Buon Ma Thuot coffee festival will be held on March 9 - 16, 2019 in the Central Highlands province of Dak Lak with a wide range of activities featuring the local specialty. The festival will include an opening ceremony, a closing ceremony, the 2019 Dak Lak investment promotion conference, an exhibition on coffee, a seminar on the development of Vietnamese specialty coffee, an exhibition on the world’s coffee history, a street festival, a contest for farmers, a Vietnamese specialty coffee quality competition, free coffee tasting, a Buon Don elephant festival, and an international paragliding contest. The annual event aims to promote Buon Ma Thuot coffee brand, develop Vietnam specialty coffee and gradually turn Buon Ma Thuot city into a destination for coffee aficionados worldwide, contributing to affirm Vietnamese coffee’s position on the global market. It also aims to honour domestic coffee growers, processors and … [Read more...] about Coffee festival to be held in Dak Lak
Robot serves drinks at a Vietnam coffee shop
Many restaurants, hotels and airports worldwide have used robots to cook food and wait tables. However, this is the first time Vietnam has followed this model. The coffee shop owner, Mr. Quoc Phi had the initiative after having a meal in a restaurant in Japan. He has cooperated with his friends who are electronic engineers and IT experts to realise his dream. The research group has developed a robot named Mortar, which is 130cm tall and 20kg in weight. The robot can work in 15 hours with fully charge. This is the only robot in this cafe. When a customer order a drink, the coffee staff will prepare and place the tray on the robot’s hands, choose the table number so it can find the way to the table. The magnetic sensor will help Robot Mortar detect a tract to follow. The robot can say simple words such as hello, thank you, please or ask people to give way. Robot Motar will be improved to move smoothly with better communication. Phi hopes that customers to his cafe will have … [Read more...] about Robot serves drinks at a Vietnam coffee shop
Coffee exports rise, but value stagnates
Viet Nam exported 1.46 million tonnes of coffee worth US $2.77 billion in the first three quarters of 2018, an increase of 20.1 per cent in volume and 0.4 per cent in value compared to the same period last year. The low growth in coffee’s export value was attributed to the significant decline in coffee’s export prices during the reviewed period. In September, the average export price of Viet Nam’s coffee was estimated at $1,731 per tonne, down 6 per cent against the previous month and down 25.8 per cent compared with the same period last year. In the first nine months of 2018, the average export price was $1,897 per tonne, a year-on-year decrease of 16.4 per cent. After a period of sharp decline, over the past two weeks the domestic coffee prices have been rising again due to the increasing prices on the world coffee market. However, the increase rate was still very low. On October 9, 2018, the prices of coffee in the Central Highlands were VND36,100 per kilo at the … [Read more...] about Coffee exports rise, but value stagnates