Fierce battle for market share between coffee chains in Vietnam
Vietnam's food and beverage (F&B) industry finally got back on its feet last year following the Covid-19 pandemic, and large coffee chains such as Highlands Coffee, Phuc Long and Katinat have been working tirelessly ever since to capture market share.
A recent report by iPOS.vn on the 2023 F&B market showed that there were 317,299 coffee and tea shops in Vietnam, an annual increase of 1.26%.

A Katinat coffee shop at Bac Dang Wharf, Ho Chi Minh City, southern Vietnam. Photo courtesy of katinat.vn
This increase was lower than predicted at the start of the year because many chains had closed stores and downsized.
Although the overall number of stores did not increase by much, revenues still raced into double digits, up 11.6%, reaching VND590 trillion ($24.1 billion).
Highlands Coffee retained the number one spot, with 777 stores operating in provinces and cities nationwide, according to its website.
This marked an increase of more than 170 stores compared to 2022, while the company was also operating more than 50 outlets in the Philippines.
Highlands has a policy of expanding in existing territory, rather than developing a diverse menu like its competitors.
The company also invested down the chain, spending VND500 billion ($19.64 milion) on a coffee roasting factory in Ba Ria-Vung Tau province with a capacity of nearly 10,000 tons per year in the first phase, which could increase by 75,000 tonnes.
Phuc Long also had a busy year, opening around 25 flagship stores in the last six months of 2023, aiming to make the brand the second-largest beverage chain in Vietnam.
By May 15, Phuc Long had 157 stores and about 45 integrated kiosks in Winmart+ stores.
Trung Nguyen of 'coffee king' Dang Le Nguyen Vu had a different business approach, although it had almost as many stores as Highlands. Last year, it had about 700 stores, including 108 Trung Nguyen Legend stores, 548 E-Coffee stores, and other outlets overseas.
Overseas expansion is a key part of Trung Nguyen Legend's business strategy.
VTC News online newspaper quoted Trung Nguyen as saying that the business was planning to develop 1,000 Trung Nguyen Legend coffee spaces in China and about 100 stores in the U.S.
The most unexpected newcomer was Katinat Saigon Cafe, which opened new stores in prime locations in the centre of Ho Chi Minh City and Hanoi.
Katinat remains a small coffee chain and at the end of 2021, it had just 10 stores in HCMC, but over the past year it has been accelerating fast. The pace of new store openings is only just behind that of Highlands Coffee and Phuc Long.
The Coffee House also surprised the market, but in the opposite direction.
At the end of 2022 it had 155 coffee shops, while today it has only 133.
As for Starbucks, it currently has 108 stores after entering the Vietnamese market 11 years ago, seemingly taking a slow and steady approach to expansion.
- Read More
Northern Vietnam city receives $15.6 bln in pledged investment capital post-merger
Over $15.6 billion in investment capital was committed for the northern port city of Hai Phong on Tuesday, a record high.
Industries - Tue, July 15, 2025 | 11:12 pm GMT+7
Honda cements Vietnam motorbike market dominance with 10% sales growth
Honda Vietnam (HVN) reported a 10% year-on-year increase in motorcycle sales to nearly 2.3 million units in fiscal year 2025, which ended on March 31, according to the company’s annual report.
Companies - Tue, July 15, 2025 | 5:42 pm GMT+7
Foreign investors net buy over $497 mln on Vietnam's stock market from July 1-15
VN-Index, which represents the Ho Chi Minh Stock Exchange, dropped by 9.77 points to 1,460.8 on Tuesday, ending its seven-session gaining streak.
Finance - Tue, July 15, 2025 | 5:13 pm GMT+7
UPS eyes opportunities in Vietnam's free trade zone, airport projects
Leading global shipping and logistics firm UPS is eyeing business opportunities at the Danang city-based free trade zone and the Long Thanh International Airport in Dong Nai province.
Economy - Tue, July 15, 2025 | 3:58 pm GMT+7
Vietnam PM asks Marubeni to expand investment in gas-fired, offshore wind power
Marubeni should expand its activities in Vietnam in the fields of gas-fired and offshore wind power, export of electricity to ASEAN countries, and development of AI and big data, said Prime Minister Pham Minh Chinh.
Economy - Tue, July 15, 2025 | 12:21 pm GMT+7
Vietnam’s wood pellet industry needs production standardization to meet global demand: experts
Businesses should invest in developing dedicated raw material zones to reduce the Vietnamese wood pellet industry’s reliance on secondary supply sources and ensure compliance with legality and sustainability standards, said an expert.
Economy - Tue, July 15, 2025 | 9:18 am GMT+7
Riding out tariff turbulence, investment funds in Vietnam report strong growth gains
Many equity funds in Vietnam have posted strong growth returns, with gains exceeding 30% since the market’s April 10 trough in 2025, data collected by The Investor shows.
Finance - Tue, July 15, 2025 | 9:00 am GMT+7
Singapore supports businesses, workers amid US tariff pressures
The Singapore Economic Resilience Taskforce (SERT) has announced measures to help Singapore companies adapt to a new U.S. tariff.
Southeast Asia - Mon, July 14, 2025 | 10:11 pm GMT+7
Malaysia makes efforts to minimize US tariff’s impacts
Malaysia’s top export to the U.S. - electronics and electrical products - will face the biggest brunt of a 25% tariff hike that the U.S. has imposed on the country, said head of School of Business under the Monash University Malaysia Prof Nafis Alam.
Southeast Asia - Mon, July 14, 2025 | 10:08 pm GMT+7
Thailand faces $6.14 bln export loss if US tariff is 25-36%: forecast
Thailand could lose up to THB200 billion ($6.14 billion) in export value this year if the U.S. imposes new tariffs ranging from 25-36% on Thai goods, according to a forecast from the University of the Thai Chamber of Commerce (UTCC).
Southeast Asia - Mon, July 14, 2025 | 10:06 pm GMT+7
Southern Vietnam province Tay Ninh okays many high-tech agri projects
Tay Ninh authorities recently granted in-principle approvals to a string of high-tech agricultural projects, paving the way for significant development opportunities in the southern province.
Industries - Mon, July 14, 2025 | 10:00 pm GMT+7
Construction ministry backs $1.95 bln port project in southern Vietnam
Geleximco Group's Cai Mep Ha container and general port project aligns with the national master plan and the master plan for Vietnam’s seaport system, according to the Ministry of Construction.
Infrastructure - Mon, July 14, 2025 | 5:09 pm GMT+7
Electric vehicles in Vietnam: 7 years of development and double-digit growth prospect
The shift toward greener mobility has been underway in Vietnam and the local electric vehicle (EV) market is expected to see double-digit growth thanks to favorable policies, infrastructure development, automakers’ efforts, and a young consumer base.
Economy - Mon, July 14, 2025 | 4:46 pm GMT+7
HCMC apartment prices continue to rise as supply hits 10-year low in H1
The apartment market in former Ho Chi Minh City continued to see rising prices since the total supply in the first six months of 2025 hit the lowest since 2015, according to real estate consultancy firm DKRA.
Real Estate - Mon, July 14, 2025 | 4:03 pm GMT+7
Buyer secures Sunshine Group’s Hanoi shophouse at 15% lower than market price via livestream
A buyer successfully secured a shophouse at property major Sunshine Group’s Noble Palace Tay Thang Long project in Hanoi for VND11 billion ($421,295), VND2.5 billion or 15% below market value, during a bidding livestream on the NobleGo platform held last Friday evening.
Companies - Mon, July 14, 2025 | 1:37 pm GMT+7
Vietnam’s major rice exporter Vinafood 1 tasked with developing mega agri-logistics hub
Vinafood 1, Vietnam's top rice exporter, has been asked to develop an integrated hub for agricultural trade, logistics, warehousing, exports, customs, banking, irradiation, and research and development activities.
Industries - Mon, July 14, 2025 | 12:19 pm GMT+7