Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Starbucks to Open First Shop in Vietnam

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Starbucks (NASDAQ: SBUX  ) is to debut on the Vietnamese market by opening its first coffee house in the Communist country, the firm announced in an official press release. The outlet, located in Ho Chi Minh City (formerly Saigon), is scheduled to open its doors in February.

The company has granted a license to Hong Kong-based restaurant and cafe management firm Maxim's Group to operate its Vietnam outlets.

The move is part of Starbucks' effort to expand its presence in Asia. Its ambition is to have 4,000 of its coffee shops in the continent by the end of this year. That number currently stands at around 3,300.

Read/Post Comments (2) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 04, 2013, at 2:30 AM, HoChiMinh69 wrote:

    How does AGENT ORANGE affect the health aspects of the coffee? WE put down millions of lbs which will not disapate for 100000 years.

  • Report this Comment On January 04, 2013, at 9:38 AM, PeterC89 wrote:

    Starbuck doesn't buy coffee beans from Vietnam do they? The Vietnamese population seems to be thriving pretty well this past couple decades. Their real estate is just as expensive as in the U.S. without the recession.

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2178540, ~/Articles/ArticleHandler.aspx, 9/28/2016 11:25:28 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 hour ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
SBUX $53.98 Down -0.21 -0.39%
Starbucks CAPS Rating: ****