[Tree] Momo's growth in Vietnam's digital payment landscape
Version 0.08 (2024-09-10 04:45:11.137000)
updates: Momo's expansion and F&B market growth updates
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Version 0.07 (2024-05-21 01:55:15.413000)
updates: Integration of wealth management market in Vietnam
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Version 0.06 (2024-04-13 01:20:16.162000)
updates: Added information about the number of restaurants and cafés, GDP per capita, and efforts to improve quality
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Version 0.05 (2024-04-11 03:22:11.723000)
updates: The F&B market in Việt Nam is forecast to be robust, with the rising middle class providing significant opportunities for expansion and market entry. The industry reached a revenue of VNĐ590 trillion in 2023, a rise of 11.47% against 2022, with dine-in accounting for over 91%. The industry is forecast to reach a revenue of VNĐ655 trillion this year. The middle class in Việt Nam currently accounts for 13% of the country’s population and is forecast to increase to 26% by 2026. Competition is growing fiercer, with small and medium-sized beverage shops on the rise and high-end restaurants competing for Michelin awards. Online food delivery reached VNĐ52.4 trillion in 2023, up 20.18% from 2022. The F&B market has strong potential given the country’s huge population and rising middle class. The competition will not only benefit Vietnamese diners but also accelerate the popularity of Vietnamese cuisine globally.
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Version 0.04 (2024-04-09 07:19:14.575000)
updates: The FCC Food and Beverage Report provides insights into the challenges and opportunities for Canadian food and beverage manufacturers in 2024
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Version 0.03 (2024-02-21 17:20:33.457000)
updates: New information on franchised businesses growth in 2024
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Version 0.02 (2024-02-20 13:20:59.218000)
updates: Includes information on the growth of fast-food franchising and economic outlook
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Version 0.01 (2023-10-08 12:26:58.840000)
updates: Incorporated information about the growth projection of the Philippine food services industry
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Version 0.0 (2023-10-08 00:53:24.415000)
updates: Restructured and expanded the narrative with new information
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