Coffee chains in Vietnam continue to grow amid pandemic

Selling via online platforms helps The Coffee House retain its customers during the pandemic. Vietnamese people spent more than $2.28 billion on tea and coffee in 2020. — Photo courtesy of The Coffee House

HANOI (Vietnam News/ANN): Despite the impacts of the Covid-19 pandemic, competition between coffee chains in Vietnam has become increasingly fierce with more giants trying to grab a slice of the lucrative market.

Masan, owned by billionaire Nguyễn Đăng Quang, Novaland of Bùi Thanh Nhơn and Trần Kim Thành's Kido have all heated up the billion-dollar market by entering recently.