Pizza 4P’s makes $4.6 mln after-tax profit in 2023, up 38%
Pizza 4P's, a popular Vietnam-based pizza chain, earned post-tax profits of VND115.3 billion ($4.58 million) in 2023, up 38% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai retail giant Central Retail posts 2023 revenue of $1.35 bln in Vietnam
Thai retailer Central Retail recorded revenue of THB49,330 million ($1.35 billion) from its Vietnam business in 2023, down 7.6% year-on-year, according to the firm’s consolidated financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
PepsiCo commits nearly $400 mln for two new factories in Vietnam
U.S beverage giant PepsiCo will invest some $390 million to build two factories in the northern province of Ha Nam and the southern province of Long An, both powered by renewable energy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
More than 400 delicious dishes to highlight HCMC food festival
More than 400 dishes from different regions across Vietnam will be presented at the Ho Chi Minh City Culinary Culture Festival, which will take place from March 28-31 at Van Thanh Tourist Park in HCMC.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works
Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Culinary destinations to attract Vietnamese travelers during Lunar New Year holiday
Da Lat, Nha Trang and Phu Quoc are among top trending destinations for Vietnamese travelers thanks to their must-eat delicacies, according to Booking.com.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
European investment fund values 'pepper king' Phuc Sinh at $320 mln: exec
A European investment fund has invested in and valued “pepper king” Phuc Sinh Group at $320 million, said its chairman Phan Minh Thong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Indonesian industrial agri-food firm Japfa appoints new Vietnam general director
Japfa Comfeed Vietnam Co., Ltd., a subsidiary of Indonesia’s industrial agri-food company Japfa, has appointed Clemens Tan its new general director.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Pepsico to build $88 mln food factory in Vietnam’s Ha Nam province
PepsiCo Foods Vietnam has received an investment certificate to invest VND2.14 trillion (over $88 million) in building a factory in the northern province of Ha Nam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam cuisine among world’s 100 best: international food magazine
Readers of world’s leading food magazine Taste Atlas have voted Vietnamese cuisine the 22th best in the world, putting it above neighbors like Malaysia, Singapore and the Philippines.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Joyful festive delights at Hanoi Daewoo Hotel
As the most wonderful time of the year unfolds, Hanoi Daewoo Hotel is ready to transform into a mesmerizing wonderland - adorned with twinkling lights, majestic Christmas trees, and an impressive gingerbread house.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam Jan-Nov retail sales up 9.6% despite inflation increase
Retail and service sector revenues increased 9.6% year-on-year to VND5,667 trillion ($233.72 billion) in January-November, despite the country’s consumer price index (CPI) going up 3.22%.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea, Germany-invested food courier Baemin to leave Vietnam after 4 years
Baemin Vietnam, a food courier jointly invested by South Korea’s Woowa Brothers and Germany’s Delivery Hero, will stop operating in Vietnam from December 8, the firm announced on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai food giant Charoen Pokphand posts $2.5 bln revenue in Vietnam in Jan-Sep
Thailand’s Charoen Pokphand Foods Public Company Limited (CPF) recorded a revenue of THB87.67 billion ($2.5 billion) from its Vietnam operations in the first nine months of this year, down 7% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Marubeni acquires stake in Vietnam’s AIG Asia Ingredients
Japan’s Marubeni Corporation has acquired a minor stake and become a strategic partner of AIG Asia Ingredients Corporation, a leading manufacturer of food ingredients and packaged food products in Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam agricultural firm finds Japanese partners to serve industrial meals
Vietnamese agricultural firm Tan Long Group JSC has teamed up with two Japanese partners to enter the industrial meal sector, targeting schools, offices, factories, nursing homes, and hospitals.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two Michelin-starred restaurants in Vietnam voted among Asia’s best
Anan Saigon in Ho Chi Minh City and Hibana by Koki in Hanoi, which both have one-star ratings from French food guide Michelin, have won in different categories at this year’s World Culinary Awards.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two Hanoi restaurants among Asia’s 25 best fine dining restaurants: Tripadvisor
The Rhythms and Cloud Nine in Hanoi have been voted in a list of 25 best fine dining restaurants in Asia by Tripadvisor readers at the 2023 Travellers' Choice 'Best of the Best' Restaurants Awards.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Over 40% of F&B firms in Vietnam record lower revenues in H1
Over 40% of food & beverage (F&B) firms in Vietnam recorded lower revenues in the first six months of this year according to a survey by iPOS.vn, a major provider of restaurant management solutions.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam MSG maker Vedan’s biggest market despite lower H1 revenues
Vietnam remains the biggest market for Taiwan-invested MSG maker Vedan despite an 18.1 year-on-year drop in H1/2023 revenues to $82.3 million.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's Central Retail posts H1 revenue fall of 3.8% in Vietnam
Thailand’s leading retailer Central Retail reported a revenue of THB25,879 million ($727.8 million) from its operations in Vietnam in the first half of this year, down 3.8% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai food giant CPF posts $1.64 bln H1 revenue in Vietnam
Thailand’s Charoen Pokphand Foods Public Company Limited (CPF) recorded a revenue of THB58.23 billion ($1.64 billion) from its Vietnam operations in the first half of this year, down 6% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Five Vietnamese restaurants achieve international renown
The growing appeal of Vietnamese cuisine around the world has trained the spotlight on the eateries that serve it. Here are five Vietnamese restaurants that have recently captured international attention.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai food giant CPF gains $807 mln Q1 revenue in Vietnam
Thailand’s Charoen Pokphand Foods Public Company Limited (CPF) recorded revenue of THB27.4 billion ($807.3 million) from its Vietnam operations (CP Vietnam) in the first quarter of this year, down 5% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Jollibee exits Vietnamese noodle house Pho 24
The Philippines' Jollibee Foods Corp. said it is exiting the Vietnamese noodle chain venture Pho 24 as it has agreed to transfer its assets to Vietnam-based firm East-West Restaurant Concepts.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Food seasoning firm Vedan records 2022 sales of $195 mln in Vietnam
Vietnam remains the largest market for Taiwan-headquartered food seasoning maker Vedan with sales of $194.99 million in 2022, accounting for 43.2% of the firm’s total.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam market feeds Thai food giant CPF $3.61 bln in 2022 revenue
Thailand’s Charoen Pokphand Foods Public Company Limited (CPF) recorded revenue of THB124.634 billion ($3.61 billion) from its Vietnam operations (CP Vietnam) in 2022, up 12% year-on-year, according to a company report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major meat producer Vissan's 2022 profit drops 8% to $6 mln
Vissan JSC, a leading meat producer in Vietnam, gained a post-tax profit of VND137.55 billion ($5.87 million) in 2022, down 7.7% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
KFC, Phuc Long Coffee & Tea most popular F&B businesses on Vietnam social media
KFC and Phuc Long Coffee & Tea were the two most popular food & beverage businesses on social media in Vietnam last year, according to local consulting firm Reputa.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam food & beverage market could grow to $31 bln in 2023
Vietnam’s food & beverage market could grow 18.26% from $25.97 billion in 2022 to $30.71 billion in 2023, according to a report by iPOS.vn, a provider of restaurant management solutions.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC opens Nguyen Thuong Hien food street
The People's Committee of Ho Chi Minh City's District 3 launched Nguyen Thuong Hien food street on Wednesday evening.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam F&B startup nabs $1 mln from Touchstone Partners
Oda, a Vietnamese startup providing food procurement systems for restaurants and suppliers, has secured $1 million in seed round funding from Touchstone Partners.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
KFC, Pizza Hut curry top favor on Vietnam social media
KFC and Pizza Hut were the most popular food & beverage businesses on social media in Vietnam in October, according to a report by local consulting firm Reputa.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Viettel leads pack as top 3 Vietnam brands valued at $14.5 bln
Telecom giant Viettel is Vietnam’s most valuable brand at $8.8 billion, followed by VNPT ($2.9 billion) and dairy firm Vinamilk ($2.8 billion), according to brand valuation consultants Brand Finance.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Nutifood acquires 51% stake in Swedish food firm Cawells
Vietnamese nutritional products maker Nutifood has acquired a controlling 51% stake in food company Cawells to further improve its Sweden-based ecosystem.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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Vietnam gov’t irons out incentives for rooftop solar development
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Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
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Vietnam deposit interest rates pick up after year in hibernation
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam