With the soaring demand for coffee consumption and favorable business conditions, many young entrepreneurs have been drawn to the idea of establishing their own cafés or coffee chains. However, venturing into this field is far from being a guaranteed “cash cow” for everyone. A rising trend Nhu, once a credit officer at a bank in HCMC, took the bold step of investing her substantial savings in a newly-opened café in Binh Thanh District. Tuan, a former computer hardware engineer, also decided to enter the coffee business amidst the sluggish real estate market. Meanwhile, a cameraman from a local television station sought to earn extra income by running a coffee shop with his wife in Go Vap District. The list of young professionals transitioning from diverse occupations to embark on coffee-related ventures is getting longer. A study on the food and beverage market conducted by the iPOS software company found that Vietnam had 338,600 new restaurants and cafés in the 2016-2022 period, with an average annual growth rate of 2%. Compared to the pre-pandemic years, the country saw an additional 18,000 new restaurants and cafés emerge (*). As more individuals gravitate towards flexible work schedules and aspire to achieve a better […]
With the soaring demand for coffee consumption and favorable business conditions, many young entrepreneurs have been drawn to the idea of establishing their own cafés or coffee chains. However, venturing into this field is far from being a guaranteed “cash cow” for everyone. A rising trend Nhu, once a credit officer at a bank in HCMC, took the bold step of investing her substantial savings in a newly-opened café in Binh Thanh District. Tuan, a former computer hardware engineer, also decided to enter the coffee business amidst the sluggish real estate market. Meanwhile, a cameraman from a local television station sought to earn extra income by running a coffee shop with his wife in Go Vap District. The list of young professionals transitioning from diverse occupations to embark on coffee-related ventures is getting longer. A study on the food and beverage market conducted by the iPOS software company found that Vietnam had 338,600 new restaurants and cafés in the 2016-2022 period, with an average annual growth rate of 2%. Compared to the pre-pandemic years, the country saw an additional 18,000 new restaurants and cafés emerge (*). As more individuals gravitate towards flexible work schedules and aspire to achieve a better […]
With the soaring demand for coffee consumption and favorable business conditions, many young entrepreneurs have been drawn to the idea of establishing their own cafés or coffee chains. However, venturing into this field is far from being a guaranteed “cash cow” for everyone. A rising trend Nhu, once a credit officer at a bank in HCMC, took the bold step of investing her substantial savings in a newly-opened café in Binh Thanh District. Tuan, a former computer hardware engineer, also decided to enter the coffee business amidst the sluggish real estate market. Meanwhile, a cameraman from a local television station sought to earn extra income by running a coffee shop with his wife in Go Vap District. The list of young professionals transitioning from diverse occupations to embark on coffee-related ventures is getting longer. A study on the food and beverage market conducted by the iPOS software company found that Vietnam had 338,600 new restaurants and cafés in the 2016-2022 period, with an average annual growth rate of 2%. Compared to the pre-pandemic years, the country saw an additional 18,000 new restaurants and cafés emerge (*). As more individuals gravitate towards flexible work schedules and aspire to achieve a better […]
Despite persistent net outflows by foreign investors, analysts anticipate a potential upturn in indirect investment inflows in the coming year as macroeconomic conditions strengthen....
Discussions at the National Assembly sitting, which ended November 29, show that the strong determination in fighting corruption has yielded encouraging results, but huge...
In the realm of green economy and sustainable development forums in Vietnam, the representation of individual consumers often remains obscure.
While consumer protection associations and...
Rising living costs and high personal income tax rates have forced many households and individuals to tighten their spending as their disposable income has...
Around this time last year, the cash flow was obstructed, and a widespread liquidity crunch was reported across the board, driving up interest rates,...
The stock market is poised for a new uptrend, making corrections potentially an opportunity for investors to bolster their holdings. However, in light of...
Analysts say that market uncertainties will continue into next year, so businesses need to improve their adaptability.
A glimpse of the landscape
In mid-November, the Business...
A young woman became a triathlete in 2019, and she then founded her own sportswear business.
Having participated in quite a few amateur and professional...
Basically, interest rate differentials on the market are a matter of course, as each bank has different capital expenses and thus different advantages and...