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Update news G7
Several ministries and branches say that it is necessary to wait for the final judgment from the court on the issue related to the ownership of ‘Trung Nguyen’ and ‘G7 Coffee’ brands.
VietNamNet Bridge - Trung Nguyen Coffee’s owner – Dang Le Nguyen Vu, who is called the ‘Vietnamese Coffee King’, challenged Starbucks to a duel when the US café chain entered Vietnam.
The global market share of Vietnamese coffee has shrunk from 22 percent in 2014 to 18 percent this year even though the country is still the world’s second biggest coffee exporter.
VietNamNet Bridge - Starbucks’ announcement to sell Vietnamese coffee at more than 21,500 shops in 56 countries is good news, but it also reveals weaknesses of the Vietnamese coffee industry.
VietNamNet Bridge - Convenience stores look to be a very profitable business, but many investors have not had great success.
Leaders of the Group of 7 have expressed their deep concern about tensions between China and a number of Asian countries in the East and East China Seas and warned against any use of force.
Trung Nguyen, the Vietnamese coffee brand, has affirmed that Trung Nguyen coffee products have been more favored in Vietnam than Nestle products. Meanwhile, the foreign giant has denied this.