EconomyLens.com
No Result
View All Result
Thursday, September 4, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Vietnam’s young coffee entrepreneurs brew up a revolution

Natalie Fisher by Natalie Fisher
October 7, 2024
in Business
Reading Time: 8 mins read
A A
0
242
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

Vu Dinh Tu opened a coffee shop in Hanoi without telling his parents. ©AFP

Hanoi (AFP) – Ditching a lucrative career in finance, Vu Dinh Tu opened a coffee shop without telling his parents and joined a wave of young Vietnamese entrepreneurs using espressos to challenge family expectations around work. Traditionally taken black, sometimes with condensed milk, or even egg, coffee has long been an integral part of Vietnamese culture. But starting a café is not a career that many of Vietnam’s growing group of ambitious middle-class parents would choose for their children.

Related

Record French fines for Google and Shein over cookies

Indonesian islanders take on Swiss cement group in climate case

Suntory CEO quits over Japan drugs probe

Shell abandons huge biofuel project in Netherlands

Vogue appoints Chloe Malle to replace fashion doyenne Wintour

“At first my family didn’t know much about it,” 32-year-old Tu told AFP. “Gradually they found out — and they weren’t very supportive.” Tu’s parents repeatedly tried to convince him to stay in his well-paid investment banking job. But he persevered and opened four branches of Refined over four years in Hanoi. Each is packed from morning till night with coffee lovers enjoying Vietnamese robusta beans — in surroundings more like a cocktail bar than a café. His parents “saw the hard work involved in running a business — handling everything from finances to staffing, and they didn’t want me to struggle,” explained Tu.

Vietnam was desperately poor until the early 2000s, pulling itself up with a boom in manufacturing, but many parents want to see their children climb the social ladder by moving into steady, lucrative professions such as medicine and law. Coffee, on the other hand, has become a byword for creativity and self-expression.

In Vietnam, “cafes have become a way to break norms around family pressure to do well in school, go to college, get a degree…work in something that is familiar and financially stable,” according to Sarah Grant, an associate professor at California State University. “They have also become spaces of possibility where you can bring together creative people in a community, whether that’s graphic designers…musicians, other kinds of do-it-yourself type people,” said Grant, an anthropologist specializing in Vietnam.

Coffee first arrived in Vietnam in the 1850s during French colonial rule, but a shift in the 1990s and early 2000s to large-scale production of robusta — usually found in instant brews — made the country a coffee production powerhouse and the world’s second-largest exporter. A passion for the coffee business is often linked to that history, Grant told AFP. Coffee entrepreneurs are “really proud that Vietnam is this coffee-producing country and has a lot of power in the global market,” she added.

Down a tiny alley in the heart of the capital, 29-year-old Nguyen Thi Hue is mixing a lychee matcha cold brew in her new glass-fronted shop — a one-woman “Slow Bar” coffee business. “When making coffee, it’s almost like being an artist,” said Hue, who had her first cup as a young child thanks to a neighbour who roasted his own. But coffee is also hugely trendy, and there is money to be made if a café appeals to selfie-loving Generation Z. “No-one dresses poorly to go to a café,” notes Hue, herself decked out in stylish bright-blue-rimmed glasses and matching neck-tie.

Relaxing at a rival shop nearby, Dang Le Nhu Quynh, a 21-year-old university student, is typical of the new generation of customers — she says the café’s style is what counts for her more than the brews. “I don’t like coffee that much,” she admits. Vietnam’s coffee shop industry is worth $400 million and is growing up to eight percent a year, according to branding consultancy Mibrand. There are also thousands of shops not officially registered with authorities, says Vu Thi Kim Oanh, a lecturer at Vietnam’s RMIT university.

“If we have problems with a job at the office, then we quit and we think: let’s get some money together…choose one place, rent a house and then open a coffee shop,” she said. “If it goes well, then you continue. If it doesn’t, you change.” Global brands have struggled to gain a foothold, and Starbucks accounted for just two percent of the market in 2022, according to Euromonitor International. Earlier this year, it announced it would shut down its only store in Ho Chi Minh City selling specialty brews. Unlike most local ventures, the coffee giant uses exclusively “high-quality” arabica beans, which have a distinctly different flavor from Vietnamese robusta.

For Tu, his parents eventually came around — and he plans further shops, wanting to create a workforce that loves coffee as much as he does. “I want to build the mindset that this is a serious career,” he said.

© 2024 AFP

Tags: coffee cultureentrepreneurshipVietnam
Share97Tweet61Share17Pin22Send
Previous Post

One job by day, another by night as US voters make ends meet

Next Post

Asian markets track Wall St rally on US jobs data

Natalie Fisher

Natalie Fisher

Related Posts

Business

Suntory CEO quits over Japan drugs probe

September 2, 2025
Business

Nestle sacks CEO over office relationship

September 2, 2025
Business

UK fintech Revolut valued at $75 bn: source to AFP

September 1, 2025
Business

Bosnian truckers block deliveries in protest over EU rules

September 1, 2025
Business

US Spirit Airlines files for bankruptcy again

August 29, 2025
Business

Lay off our eggs market, French producers tell Ukraine

August 29, 2025
Next Post

Asian markets track Wall St rally on US jobs data

Sardinia's sheep farmers battle bluetongue as climate warms

Kazakhs approve plan for first nuclear power plant

China to flesh out economic stimulus plans after bumper rally

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Berlusconi media group takes control of German broadcaster

September 4, 2025

Stock markets mixed with eyes on US jobs data

September 4, 2025

Ryanair slashes winter seats in Spain over airport fees

September 4, 2025

US limits TSMC chipmaking tool shipments to China

September 4, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.