Viet Nam News HCM CITY — Sweden’s Wayne’s Coffee opened its first cafe in Việt Nam on Wednesday with the aim of establishing the coffee chain all over the country. By applying the company’s Swedish and international standards, Wayne’s Coffee Việt Nam will serve certified organic coffee that is approved by “KRAV (Sweden and Europe)” through rigorously testing, as well as Vietnamese coffee. The store is situated at 285, Cách Mạng Tháng Tám Street, HCM City. Wayne’s Coffee currently has over 140 branches in Sweden, England, Germany, Holland and the Middle East, including in Jordan, Saudi Arabia and Oman. Pereric Högberg, ambassador of Sweden to Việt Nam, and Salim Mohamed Khalifa Al Busaidi, vice ambassador of Oman to Việt Nam, along with many entrepreneurs, attended the event. The project in Việt Nam was co-developed by Arya Consumer JSC and Việt Nam-Oman … [Read more...] about Sweden’s Wayne’s Coffee opens branch in Việt Nam
VietNamNet Bridge - Both Vietnamese and foreign investors are rushing to pour money into coffee farms and coffee house chains as the market is very promising. But not all of them will succeed. More new coffee brands have turned up More new coffee brands have turned up in the Vietnamese coffee market, where ‘veterans’ like Trung Nguyen, Vinacafe Bien Hoa and Nestle are holding their firm positions. Three ‘big guys’ Though the trio has similar products, each has special characteristics which make them original. Trung Nguyen ranks Number 1 in terms of diversity with many coffee products, from instant to roasted coffee to civet coffee. Nescafe provides a wide range of mineral water products, food for children, and coffee and dairy products. Meanwhile, Vinacafe only focuses on products made of coffee, offering diverse coffee flavors for choice. More new coffee brands have turned up in the Vietnamese coffee market, where ‘veterans’ … [Read more...] about Is it easy to make money from Vietnam’s coffee market?
Social media was abuzz in early April when the estranged wife of Vietnam’s 'Coffee King' spoke to the press for the first time about their lengthy divorce. Before the relationship took an ugly turn in 2015, Dang Le Nguyen Vu, founder and chairman of Trung Nguyen, had the country and international media in awe as his coffee brand became a household name and subsequently conquered 60 international markets. Little did the public know about Vu’s wife, Le Hoang Diep Thao, who stayed out of the limelight as she ran the company as its deputy director and minority shareholder, until Vu ousted her in 2015. What ensued has become a costly legal battle over Trung Nguyen Group’s ownership, and with charter capital of VND1.5 trillion ($65.85 million), each side is accusing the other of obstructing the company’s operations. A shot of Dang Le Nguyen Vu, CEO of Trung Nguyen Coffee. Photo courtesy of Dang Le Nguyen Vu's official Facebook fanpage The rise of Vu and Trung … [Read more...] about Divorce of Vietnam’s coffee royalty gives rise to a new ‘king’
VietNamNet Bridge - The domestic coffee market in the past was controlled by big players Trung Nguyen, Nestcafe and Vinacafe. But now the competition is stiff, with the presence of many strong brands. Vietnam is a big coffee exporter In 2013, the market began heating up with the arrival of Starbucks and other coffee chains, including South Korea’s Coffee Bene, the US’s PJ’s Coffee and Vietnam’s The Coffee House, Trung Nguyen, Highlands, Phuc Long and Passio.‘Laymen’ also grow coffee Vietnam has over 150 coffee export companies and 3,000 coffee collectors, but only one-third of enterprises have coffee bean processing factories that make products for export. This is the first state-owned enterprise in Dak Lak to be equitized.The battle of the coffee chains RELATED NEWS Vietnam’s coffee industry relies on merchants Firms aim for higher profits by selling processed coffee Chi Mai … [Read more...] about Who rules Vietnam’s coffee market?
Vietnam exported up to 520,000 tonnes of coffee worth US$1 billion in the first quarter of 2018, an increase of 15.1 percnet in volume but a decrease of 1.7 pct in value compared to the same period last year. Vietnam exported up to 520,000 tonnes of coffee worth US$1 billion in the first quarter of 2018 According to the Ministry of Agriculture and Rural Development (MARD), Germany, the US, Indonesia, Italy and Japan were among the country’s key export markets. Germany accounted for more than 14 pct of exports though its purchases fell by 18 pct year-on-year. Do Ha Nam, deputy chairman of the Vietnam Coffee and Cocoa Association, described the situation as “good.” The sector’s export target for the 2017-18 crop is 1.5 million tonnes. In the last quarter of 2017, 400,000 tonnes of coffee had been exported, meaning only another 600,000 tonnes have to be exported to meet the target. The association said Vietnam’s coffee output is expected to … [Read more...] about Vietnam’s coffee exports rake in US$1 billion in Q1