Coffee giant Trung Nguyen opens new franchise

Vietnam’s coffee king says it will take several years to reverse damage caused to the business by his divorce.

Racked by an internal conflict, Trung Nguyen Group’s profit has declined continuously over the last three years.

At Kong Cafe in the resort town of Da Lat, the atmosphere is so tranquil it feels as if time has slowed down.

Vietnam’s domestic coffee prices fell to the lowest level in six years on Thursday following a decline on the ICE.

Domestic prices in Vietnam edged down slightly this week, prompting farmers to halt sales, while Indonesian premiums to July contract widened to compensate for a drop in global prices.

With their elaborately designed interiors, they offer more than just beverages.

Vietnam's ‘Coffee King’ has repeated his original demand for 70 percent of the couple's assets, while the ‘Queen’ seeks to overturn the divorce.

The court’s decision to hand all shares in Trung Nguyen to the husband in its high-profile owners’ divorce case has annoyed many lawyers.

Vietnam’s coffee exports in Q1 are expected to fall 15.3 percent from a year earlier to 477,000 tonnes, government data showed Friday. 

The court fees charged in the divorce case involving Vietnam’s coffee royalty was read out as $3.5 million instead of $350,000.

Japan has increased its imports of Vietnamese coffee thanks to low prices and the geographic proximity between the two countries.

Vietnam’s Coffee King will manage the Trung Nguyen Group and own 60 percent of shared assets, the court has ruled.

A coffee with foam so thick it cannot be poured out has been going strong for years in Vinh Market.