The other four leaders are Starbucks, Phuc Long, Trung Nguyen and The Coffee House. According to research firm Vietnam Industry Research and Consultancy JSC (VIRAC), the country’s biggest coffee chains all saw double digit revenue growth in 2018. The Cao Nguyen Coffee Service JSC, which owns Highlands Coffee, recorded revenues of VND1.6 trillion ($68.67 million) in 2018, an increase of nearly 31 percent from the previous year. Highlands Coffee was founded in 2002 by a Vietnamese-American. In 2012, it was bought by Philippine fast food giant Jollibee. The brand takes a relatively different direction compared to competitors, focusing on coverage rather than consumer tastes. Although the chain maintains a simple, easy-to-choose beverage menu, many of its stores can be found positioned in large buildings, commercial centers, and other prime locations. According to VIRAC, because it had invested huge sums in shops, land and marketing, Highlands Coffee has only been really profitable … [Read more...] about Which coffee chain makes the most money in Vietnam?
Efcc discovers money in ikoyi
Profit is not what e-commerce want for now Profit is not what e-commerce firms strive for at this time. They are spending big money to attract more customers and expand their market share through sale promotion programs and price discounts. Attracting sellers to marketplaces to diversify products and offering best prices for customers is a competition strategy followed by e-commerce firms. Some analysts commented that those who spend the most will be the winners in the e-commerce battle. Shopee began collecting fees from online sellers on April 1. Lazada has also applied the same policy, commencing April 15, 2019. An online seller on Shopee said he is considering two options, either raising the selling prices, or leaving the marketplace for others where he can enjoy fee exemptions. The moves by Shopee and Lazada indicate that competition among e-commerce firms to spend more money to get bigger market share is coming to an end. Collecting fees is one of the measures to stop their … [Read more...] about Who is spending more money in the e-commerce battle?
No concrete solutions have been found for out-of-service ATMs as Tet nears as the demand for cash surges in HCM City. Withdrawing money in Tan Binh Industrial Zone on January 29 According to Sacombank, they have 1,072 ATMs and assigned employees to monitor the machines to refill the money. However, they have advised customers to bank branches when possible. The representative of Eximbank also said that they were still monitoring the ATMs before, during and after the Tet holiday. Vietcombank also announced that the ATM transactions increased four-fold compared to usual. When there's only VND100,000 (USD4.31) in the machines, the withdrawal limit will be lowered from VND5m to VND3.5m. It will further be reduced to VND1,750,000 if only VND50,000 banknotes are left. However, many people are complaining about problems with ATMs. The workers at Tan Binh Industrial Zone said on January 29 that they had to change ATMs five to seven times to gather enough money. According to the guards … [Read more...] about ATMs run out of money in lead-up to Tet
The Obama appointee managing BP's oil spill disaster fund said there's "not enough money in the world" to pay all claims and suggested home owners with plunging property values could lose out. Workers are seen as they use a vacuum hose to capture some of the oil washing on to Fourchon Beach from the Deepwater Horizon oil spill in the Gulf of Mexico on June 28, in Port Fourchon, Louisiana. (AFP/Getty Images/File/Joe Raedle) The warning from prominent US lawyer Kenneth Feinberg came as Hurricane Alex disrupted clean-up operations in the Gulf of Mexico and pushed oil deeper into fragile coastal wetlands and once-pristine beaches. … [Read more...] about Not enough ‘money in the world’ for all BP spill claims
Two Spanish tourists have complained about being given votive money as change by a cyclo driver in Hanoi. Two Spanish tourists have complained about being given votive money as change by a cyclo driver in Hanoi. The Hanoi Department of Tourism said they are co-operating with the police to investigate a complaint by the Spanish tourists about being given votive money as change of VND900,000 (USD40) by a local cyclo driver. A video clip about the tourists talking about the case went viral on July 17. According to the tourists, they called a cyclo for an hour tour around the Old Quarter in Hoan Kiem District for an agreed price of VND 600,000 (USD26). After the tour, they gave the cyclo driver VND1.5m and the driver gave them the change with one VND500,000 and two-VND200,000 notes. On the morning of July 17, the two tourists tried to use the notes to pay for a taxi ride and were told that it was votive money. After the clip was posted on the internet, many … [Read more...] about Tourists given votive money in Hanoi cyclo rip-off