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Coffee chains race to establish global presence By Dat Nguyen   June 30, 2021 | 06:57 am GMT+7 The first store of TNI King Coffee in California, U.S. Photo courtesy of TNI King Coffee. Vietnamese coffee chains are moving to establish themselves in foreign markets as part of expansion plans as well as a strategy to deal with increased domestic competition. Tea and coffee chain Phuc Long has just announced plans to open its first store in California in July. TNI King Coffee last month launched its first store in the U.S. It has already opened its first outlet in South Korea with a partne...

Mở rộng hệ sinh thái kinh doanh để tiếp cận nhiều nguồn lực Tuệ Mỹ - Khi mà dịch bệnh đang diễn biến phức tạp, hầu hết các doanh nghiệp phụ thuộc vào việc mở rộng hệ sinh thái với các quan hệ đối tác phù hợp để thành công... Masan đặt mục tiêu mở 1.000 Kiosk Phúc Long trên nền tảng cửa hàng VinMart+ trong 18 - 24 tháng.

Phuc Long tea chain to open first US store By Dat Nguyen   June 24, 2021 | 06:47 am GMT+7 An artist's impression of the first Phuc Long store in California, U.S. Photo courtesy of Phuc Long. Phuc Long beverage chain will open its first store in the U.S. next month, following in the footsteps of other Vietnamese coffee brands that have branched out to other markets. The store will be located in Garden Grove, California, the company said in a Facebook post. Phuc Long has over 80 stores in Vietnam. It had recently signed a deal with conglomerate Masan Group to establish Phuc Long kiosks i...

Consortium led by Alibaba completes the injection of $400 million into Masan 13:53 | 14/06/2021 Masan Group Corporation (HSX: MSN) today announced the completion of a private issuance of 5.5 per cent stake in The CrownX Corporation to a consortium led by Alibaba Group and Baring Private Equity Asia for a total cash consideration of $400 million. Alibaba completes the injection of $400 million into Masan The CrownX is Masan’s integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings and VinCommerce. The transaction implies a ...

The rise of local retailers via mergers and acquisitions is expected to transform the competitive landscape of Vietnam’s retail market, which used to be dominated by foreign investors, and help domestic equivalents complete their ecosystems.