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With Thriving Coffee Culture, Vietnam Has Half a Million Cafes, Data Shows - Saigoneer

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AAA Taking into account global and national chains, small brands, independent cafes and street vendors, a recent report estimates that Vietnam is home to more than 500,000 coffee shops that generate US$1.46 billion in revenue in total. According to data from consultancy group Mibrand Việt Nam, the nation's coffee shop industry has a compounded growth rate (CAGR) of up to 7.56%. A separate report published by iPos.vn claims that by the end of 2023, Vietnam only had 317,299 coffee shops, representing a 1.26% increase over the previous year. Regardless of the precise number, anyone in Vietnam can attest to the thriving of coffee shops of all sizes, shapes and operation models. While there have been several high-profile downsizes and market adjustments including Starbucks announcing the closing of its only Reserve location in Saigon this week, and The Coffee House pulling out of Đà Nẵng and Cần Thơ entirely, there is visible growth as well. Phin Deli, Katinat and Phúc Long have all opened

Taking into account global and national chains, small brands, independent cafes and street vendors, a recent report estimates that Vietnam is home to more than 500,000 coffee shops that generate US$1.46 billion in revenue in total. According to data from consultancy group Mibrand Việt Nam, the nation's coffee shop industry has a compounded growth rate (CAGR) of up to 7.56%. A separate report published by iPos.vn claims that by the end of 2023, Vietnam only had 317,299 coffee shops, representing a 1.26% increase over the previous year. Regardless of the precise number, anyone in Vietnam can att

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