[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

Version 0.07 (2024-05-21 01:55:15.413000)

updates: Integration of wealth management market in Vietnam

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

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.

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

Version 0.03 (2024-02-21 17:20:33.457000)

updates: New information on franchised businesses growth in 2024

Version 0.02 (2024-02-20 13:20:59.218000)

updates: Includes information on the growth of fast-food franchising and economic outlook

Version 0.01 (2023-10-08 12:26:58.840000)

updates: Incorporated information about the growth projection of the Philippine food services industry

Version 0.0 (2023-10-08 00:53:24.415000)

updates: Restructured and expanded the narrative with new information