Thailand’s top coffee chain to expand in Vietnam
Vietnam’s rice exports to Thailand enjoy sharp increase | |
Vietnam is 'top priority' for Siam Cement in coming years: CEO | |
Thai retail giant to invest additional $1.1 bln for expansion in Vietnam |
Inside a Cafe Amazon outlet in Phu Nhuan District, Ho Chi Minh City. Photo courtesy of ORCG. |
A spokesperson said recently the chain sees long-term potential in Vietnam and will expand in Ho Chi Minh City and neighboring provinces this year, but did not reveal specific figures.
The chain opened its first outlet in southern Ben Tre Province last October, and later two in Tien Giang Province and Tra Vinh Province in December, all in Go! Supermarkets operated by Thai giant Central Retail.
It also opened in December an outlet in HCMC.
Thailand’s Central Group owns 40 percent of Café Amazon Vietnam, while the remainder belongs to another Thai fuel distributor PTT Oil and Retail Business.
Café Amazon has over 3,000 stores in 10 countries.
In Vietnam, it will have to compete with long-established domestic players like Highlands, Phuc Long, The Coffee House and Trung Nguyen.
The market in the past has seen the withdrawal of foreign brands like NYDC – New York Dessert Café and Gloria Jean’s Coffees.
“Top Thai Brands 2021” Expo features 60 standard booths to promote Thai products in Hanoi The Department of International Trade Promotion under Thailand’s Ministry of Commerce and the Office of Commercial Affairs at the Thai Embassy in Hanoi, in coordination ... |
QR codes for payment is available in Vietnam for Thai tourists On March 26, the connection for QR Code-using retail payment between Vietnam and Thailand has been completed in a cooperation of he National Payment Corporation ... |
Vietnam open to new investment wave from Thailand The COVID-19 pandemic and its severe consequences forced corporations to fasten the process of diversifying their investment to avoid overly dependent on one country, one ... |