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Update news Trung Nguyen
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.
The Binh Duong investigative police agency is launching criminal proceedings against alleged falsification of business documents at Trung Nguyen Instant Coffee Corporation.
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.
The downward trend in coffee prices are affecting farmers and traders. The price hovered around VND48 million per ton at the beginning of 2017 and dropped to VND38 million one year later.
VietNamNet Bridge - Though the Vietnamese café market has always been bustling, more and more coffee chains are continuing to join the market.
VietNamNet Bridge - The instant coffee market, including capsules and pods, is heating up, but analysts believe there are still opportunities for newcomers.
VietNamNet Bridge - Divorce not only results in damages to the assets of involved parties, but can also devastate the brands that the parties had spent years building.
VietNamNet Bridge - The family-run business model has certain vulnerabilities and is prone to breakdowns that can lead to serious consequences.
VietNamNet Bridge - Every kilogram of natural civet coffee can command a price of VND36 million, while farmed civet coffee sells for VND9 million per kilo.
VietNamNet Bridge - Vinacafe has admitted that it made "coffee mixed with soybeans" and vowed never to do it again. How will the public react?
VietNamNet Bridge - Trung Nguyen coffee giant and Vinacafe, a big instant-coffee maker, are facing business difficulties after reporting losses.
VietNamNet Bridge - What happened with the instant coffee market in 2015 showed that the market was unpredictable.
VietNamNet Bridge - Vietnamese coffee companies, anticipating big problems in export markets, are focusing on making instant and roasted coffee to sell in the domestic market.
Starbucks Reserve coffee grown in Cau Dat District, Dalat City has been made available for guests to order at Starbucks stores in Vietnam.
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.
VietNamNet Bridge - Trung Nguyen Coffee is a giant in the instant coffee market, but is not yet a big coffee exporter.
Instant coffee producers operating in Vietnam are expected to produce roughly 675,000 metric tons of instant coffee in 2015, according to estimates provided by the Vietnam Coffee and Cocoa Association.
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.
The Ministry of Industry and Trade (MOIT) has allowed 137 business people and 148 brands to enter the Vietnamese market over the last eight years
VietNamNet Bridge - Convenience stores look to be a very profitable business, but many investors have not had great success.