Update news Starbucks

Starbucks suspends social media ads over hate speech

The coffee giant said it would pause advertising on some platforms in an effort to address hate speech.

Dreadful expansion outlook for beverage chains across nation

Social distancing and compulsory lockdowns are throwing a wrench in beverage chains’ market expansion plans this year adding insult to injury for these already unhealthy firms.

Battle heats up among coffee chains in Vietnam

Highlands Coffee has been expanding its chain at a lightening speed, while Trung Nguyen has opened E-Coffee and Cong is exporting products.

Starbucks, Coffee Bean, and Tea Leaf losing to Vietnamese chains

Starbucks was the only foreign café chain to make it into the Top 5 in Vietnam, according to Euromonitor.

Coffee chains move to streets to sell their products

Highlands Coffee, Vinacafe and Passio all have been selling coffee in vending machines and at new coffee stalls in places with heavy traffic.

Vietnamese market can be tough for foreign food & coffee brands

For the last half month, visitors to Coffee Bean and Tea Leaf at Dong Khoi Street located near the Metropolitan building in the central district 1 of HCMC can see only closed green doors.

Beverage giants cannot stay out of plastic reduction trend

 As plastic reduction is becoming an essential trend to save the environment, beverage companies, which still depend on tremendous amounts of plastic materials, cannot opt out of the trend.


Coffee chains, both domestic and foreign, prosper in Vietnam

VietNamNet Bridge - Starbucks Vietnam continues to make a profit though its network has expanded slowly and its prices remain high.

Café chains boom as ‘coffee culture’ takes shape

VietNamNet Bridge - Though the Vietnamese café market has always been bustling, more and more coffee chains are continuing to join the market.

Nestle pays Starbucks $7.1bn to sell its coffee

 Nestle has announced that it will pay Starbucks $7.1bn (£5.2bn) to sell the company's coffee into homes.

What is the standard for ‘safe roasted coffee’?

VietNamNet Bridge - Twenty-one tons of coffee in Dak Nong province made of battery powder have been seized as ‘dirty coffee’. However, no one can define what ‘clean coffee’ means.

Is it easy to make money from Vietnam’s coffee market?

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.

Vietnam coffee imports on the rise

Vietnam, the second largest coffee exporter in the world, is importing more coffee as demand from restaurants, hotels and shops has increased. 

Foreign café chains facing competition from local outlets

VietNamNet Bridge - While gaining success in other markets, many foreign coffee brands have had to leave the Vietnamese market.

Vietnam's export value of coffee remains low

VietNamNet Bridge - Vietnam is the second largest coffee bean exporter in the world with 1.78 million tons exported in 2016, worth $3.34 billion. However, Vietnam's earnings from coffee exports  are not high because mostly raw materials are exported.

Coffee chains boom in Vietnam

VietNamNet Bridge - Despite stiff competition and high operation costs due to high rent, more and more coffee chains, both foreign and Vietnamese, have opened recently.

Coffee chains expand as profits remain high

VietNamNet Bridge - Coffee chains in Vietnam have been developing rapidly in recent years with annual revenue growth rate of 32 percent, according to Euromonitor.

How much is a cup of coffee?

VietNamNet Bridge - With the cost price accounting for only 20-25 percent, high-end coffee chains are making big profits selling coffee at VND40-90,000 per cup. 

COD payment method hurts retailers, shippers

VietNamNet Bridge - Vietnamese customers will often order 10 or more products online, but then only pay for one item because of a late change they make to their order.  

For coffee chains to survive, investors need to prepare for the long term

VietNamNet Bridge - Vietnam is a highly promising market for coffee chains, but not all investors can succeed here.