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Update news food and beverage
Some days ago, I visited a beerhouse in Cau Giay district and found that it was shut down. Local people told me that the owner left several months ago and had a large amount of unpaid rent.
Many unusual products exist in Vietnam: acid-resistant coats made of titanium; paper made from elephant dung; and jewelry made of snake bones.
The competition in the beer market is no longer healthy as 'dirty tricks' have been used to win over rivals and obtain market share.
After two months of making every effort to keep operating, F&B chains have reached ‘their limit of endurance’.
With social distancing measures eased, some F&B businesses have gradually restarted operations, with some even opening new branches.
As drinking bubble tea is no longer fashionable, the profit from bubble tea shops is on the decrease. Investors are rushing to open lemon tea shops instead.
While some F&B brands in Vietnam have been forced out of business there are others that are prospering.
Food and beverage and fashion and lifestyle will continue to drive demand in HCM City’s retail property market, according to real estate consultancies.
With value of VND30 trillion, stable growth and low average consumption per capita, the Vietnamese vegetable oil market is attracting many foreign enterprises.
VietNamNet Bridge – The food and beverage (F&B) market has witnessed big changes in recent years, with Vietnam’s most famous brands, one after another, seized by foreign investors.
Vietnam will have to open its food&beverage (F&B) market beginning in January 2015 under its WTO commitments. However, dozens of F&B brands have been present in Vietnam for years, some entering through the “front door”.