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VIETNAM RANKS AS THIRD-LARGEST COFFEE AND TEA MARKET IN SOUTHEAST ASIA
Vietnam has emerged as the third-largest coffee and tea market in the Southeast Asian region, according to a Momentum Works report released on March 16.
The "Coffee & Tea Chains in Southeast Asia 2026" report reveals that Vietnam's modern coffee and tea market was valued at $1.34 billion in 2025, with a number of local chains of significant size. Vietnam is the third-largest market behind Indonesia and Thailand.
Vietnam's coffee chain segment reached a gross merchandise value of $725 million in 2025, an increase of 27 per cent from $572 million in 2024. The country is one of the fastest growing coffee chain markets, expanding 27 per cent as modern coffee chains rapidly scale store networks and consumer adoption of branded coffee increases.
Meanwhile, Vietnam's tea chain segment posted a gross merchandising value of $617 million last year, rising 28 per cent from $483 million in 2024. The country recorded strong growth as both customer segments and frequency of tea drinking expanded.
Modern coffee and tea in Southeast Asia continued robust growth, with total market size across the region reaching $9.9 billion in 2025, a 52 per cent growth from $6.5 billion in 2021.
This is a result of the rapid expansion of modern beverage chains, enabled by improved productivity through digitisation, expanded customer segments and the rise of online platforms across the region.
With maturing store networks and improving operational efficiency, productivity, customer experience, and store-level economics are becoming a bigger focus for the industry.
Coffee brands have demonstrated stronger scaling ability across the region, with multiple players surpassing the 1,000-store mark. This resonates well with typical coffee consumers’ consumption patterns, as well as the economies of scale of café operations.
In Vietnam, Milano Coffee is the only coffee chain surpassing the 1,000-store mark. With more than 2,000 outlets, Milano Coffee ranks behind Café Amazon (over 4,400 stores) and PunThai Coffee (over 2,200 stores), and is on par with Starbucks (over 2,000 stores).
Source: VIR
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