Vpresso expands franchise model in Vietnam

VOV.VN - May Emerald Company from the Republic of Korea (RoK) which owns Vpresso coffee brand name will  grow its footprint in Vietnam by opening more chains of shops operating under a franchise model in the time ahead, said its General Director Sung Seung Hoon.

Vpresso appeared in Hanoi in 2011 with an initial investment capital of US$100,000 and the figure has now increased to US$500,000. Vpresso, with 9 coffee shops and two restaurants in Hanoi, has become a familiar brand name for numerous coffee addicts and young people.

It has granted franchise to three other shops and on August 1, Vpresso opened the 12
th shop at 45 Ly Quoc Su Street in Hanoi with the purpose of raising the number of shops to 20-50 in Hanoi as well as in Ho Chi Minh City and Danang in the future.

Mr Hoon said Vietnam is a powerful coffee producer and boasts great potential for expanding the coffee market under which
Vpresso is able to diversify its products to meet customers’ growing demand.

Vpresso’s coffee beans are bought from the central highlands city of Da Lat, and then processed with different special flavors.
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