Phuc Long Coffee & Tea has announced it will launch its first store in the US this month, two months after its Vietnamese peer, TNI King Coffee opened its first coffee store in the American country.

VOV.VN - Vietnam’s coffee exports during the five months of the year declined by 3% to US$1.3 billion, despite recording an increase of 7.6% in price compared to the same period last year, according to figures released by the General Department of Vietnam Customs.

VOV.VN - Vietnam’s coffee exports to Australia made up 13.08% of Australia's total coffee imports during the opening four months of the year, much lower than the figure of 19.02% recorded in the corresponding period of 2020, according to the Ministry of Industry and Trade.

Despite the impact 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.

Vietnam’s acclaimed coffee brand TNI King Coffee has opened its doors to California’s residents.

VOV.VN - A coffee and music lounge suddenly caught fire early on June 15 morning in Vinh City, of Nghe An province, central Vietnam, killing at least six people, according to local police.

Khe Sanh Arabica coffee of Pun Coffee Co. Ltd. has won the first prize at the Vietnam Specialty Coffee Competition 2021 held by Buon Ma Thuot Coffee Association in the Central Highlands province of Dak Lak.

The Sherpa Company Limited, a subsidiary of Masan Group Corporation, has acquired a 20% stake in Phuc Long Heritage JSC, which owns one of the leading tea and coffee brands in Vietnam – Phuc Long, for US$15 million, according to an announcement.

Despite the pandemic restrictions, the race to open more shops between coffee brands continues full steam ahead.

VOV.VN - Vietnamese coffee exports are anticipated to encounter a myriad of difficulties over the short term due to the complicated nature of developments relating to the novel coronavirus (COVID-19) pandemic, according to industry insiders.