The Tokyo Deli Restaurant on Nguy Nhu Kon Tum Street in Hanoi closed its doors two months ago for the Tet holiday, but it has now decided to never open again. The long Covid-19 pandemic has hit many restaurants hard.
Losing patrons and having no money to pay for rent, the owners of many coffee houses have had to shut down.
Though local F&B businesses don't want social distancing to return in August, the experiences they had in April are helping them prepare.
Many eateries have stopped serving offline and shifted to selling online during the Covid-19 pandemic.
The dual pressures from COVID-19 and Decree 100 force beer manufacturers to cut 30-70 per cent of their target profits this year.
The government ordered the inspection of big pork producers in Vietnam as part the efforts to curb prices, stabilise the market, and rein in inflation in 2020.
Despite tripling expenses on advertisement and promotion programmes in the third quarter, Habeco still reported a decrease in net profit.
The accumulated losses of Pizza Hut and The Pizza Company in Vietnam have reached VND334 billion and VND263 billion, respectively. But they are continuing to pour money into the Vietnamese market.
Vietnam, a market of 93 million people, is seeing rapidly growing consumer demand for food and beverage (F&B) products, offering ample space for the F&B sector to expand.