Vietnam Foodservice Market Size and Share

Vietnam Foodservice Market (2025 - 2030)
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Vietnam Foodservice Market Analysis by Mordor Intelligence

The Vietnam foodservice market size currently stands at USD 24.77 billion in 2025 and is projected to expand to USD 41.22 billion by 2030, demonstrating a robust CAGR of 10.72% during the forecast period. The market is experiencing substantial growth as Vietnamese consumers benefit from higher disposable incomes and increased urbanization, while the resurgence in tourism activities drives renewed spending across restaurants, cafés, and food delivery platforms. The digital transformation of the industry has emerged as a significant growth driver, evidenced by cashless payments expanding 26 times faster than the national GDP, while QR code payment systems have become a standard feature across urban establishments. The government's strategic implementation of VAT reductions through Decree 180/2024 and Decree 72/2024 has provided essential financial relief to foodservice operators grappling with increased input costs. Additionally, the robust recovery in tourism, marked by 17.6 million international arrivals in 2024, has reinvigorated revenue streams for foodservice businesses operating within the hospitality sector.

Key Report Takeaways

  • By foodservice type, full service restaurants held 68.21% of Vietnam foodservice market share in 2024, whereas cloud kitchens are projected to grow at a 19.21% CAGR through 2030.
  • By outlet format, independent venues accounted for 78.10% of Vietnam foodservice market size in 2024, while chained outlets are set to expand at an 11.32% CAGR to 2030.
  • By location, standalone sites generated 92.30% of sector revenue in 2024, yet travel-related venues are forecast to post a 12.84% CAGR between 2025 and 2030.
  • By service, dine-in experiences commanded 75.93% of 2024 sales, and delivery services are expected to advance at a 13.04% CAGR over the outlook period.

Segment Analysis

By Foodservice Type: Full Service Restaurants Lead Despite Cloud Kitchen Surge

Full-service restaurants dominate the Vietnamese foodservice market with a 68.21% share in 2024, as diners consistently choose establishments that offer complete dining experiences. These restaurants successfully combine high-quality food offerings with opportunities for social gatherings and pleasant environments. Quick-service restaurants continue to expand through franchising and menu adaptation to local tastes, while cafes and bars thrive within Vietnam's well-established coffee culture

Cloud kitchens are experiencing rapid expansion with a 19.21% CAGR from 2025-2030, as their business model requires lower capital investment and meets the growing demand for food delivery services. The market demonstrates two clear patterns: traditional full-service establishments maintain market leadership by offering distinctive dining experiences, while cloud kitchens gain ground through efficient operations. Within each segment, diverse cuisine options create specialized markets, with Korean and Japanese restaurants showing strong performance in urban locations, while Vietnamese regional dishes remain successful across all restaurant types.

Vietnam Foodservice Market: Market Share by Foodservice
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By Outlet: Independent Operators Dominate Amid Chain Consolidation

The Vietnamese foodservice market shows a strong preference for independent businesses, which currently control 78.10% of the market share in 2024. This reflects the country's entrepreneurial spirit and consumers' natural inclination toward authentic, local dining experiences. However, chain establishments are gaining momentum, showing an 11.32% CAGR during 2025-2030, as they leverage their advantages in standardized operations, centralized purchasing, and brand recognition.

The franchise business model is becoming increasingly attractive in Vietnam, as it combines the benefits of rapid expansion while preserving local ownership. Local brands like Trung Nguyen E-Coffee have set ambitious targets of 3,000 stores, while international players such as Minor Food Group aim to double their footprint to exceed 200 outlets by 2026. Independent business owners are experiencing mounting challenges, particularly from labor cost increases, with minimum wages set to rise by 6.92% in 2025, alongside regulatory requirements that favor businesses with dedicated administrative teams. The current regulatory environment, governed by Decree 35/2006 and its subsequent modifications, creates favorable conditions for master franchise agreements, enabling local entrepreneurs to access proven business systems while maintaining operational independence.

By Locations: Standalone Dominance Faces Travel Segment Revival

Standalone locations command a dominant 92.30% market share in 2024, underscoring Vietnam's deeply embedded street-food heritage and cultural identity. These neighborhood-based dining establishments serve as vital pillars of local communities, offering authentic culinary experiences that resonate with both residents and visitors. The prevalence of these standalone operations reflects a time-honored tradition of food service, where recipes and cooking techniques have been carefully preserved and transmitted across generations, maintaining the authentic character of Vietnamese cuisine.

The Travel segment exhibits remarkable growth potential, with projections indicating a robust CAGR of 12.84% during 2025-2030. This growth trajectory is primarily fueled by the substantial recovery in tourism and strategic infrastructure investments that enhance accessibility to previously remote destinations. The Retail segment demonstrates steady expansion through methodical shopping center development and sophisticated food court integration, while the Lodging segment capitalizes on an extensive hotel development pipeline and the progressive revival of business travel. The spatial distribution of these establishments closely aligns with Vietnam's evolving urbanization patterns, characterized by standalone operations maintaining their stronghold in residential districts, while travel-oriented establishments strategically cluster around major tourist attractions and transportation nodes to maximize customer engagement and operational efficiency.

Vietnam Foodservice Market: Market Share by Location
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By Service Type: Dine-in Leadership Challenged by Delivery Growth

Dine-in service maintains a dominant position with a 75.93% market share in 2024, demonstrating the deep-rooted cultural significance of communal dining experiences in Vietnam. Vietnamese consumers continue to value social interactions during meals, making restaurants and dining establishments the primary choice for both casual and formal dining occasions. This preference for dine-in experiences remains strong despite the emergence of alternative service models, highlighting the importance of traditional dining customs in Vietnamese society.

The delivery service segment exhibits substantial growth potential, with a projected CAGR of 13.04% from 2025 to 2030, as consumers increasingly embrace digital solutions for their dining needs. This growth is supported by the widespread adoption of food delivery platforms and changing consumer preferences toward convenience-oriented solutions. Takeaway services continue to serve as an essential intermediate option, particularly appealing to the growing urban workforce who face time constraints during their workday. The market landscape is shaped by major digital platforms such as GrabFood and ShopeeFood, while domestic players like beFood differentiate themselves through personalized customer experiences. This service diversification responds directly to the evolving lifestyle patterns driven by urbanization and increasingly demanding work schedules in Vietnam's major cities.

Competitive Landscape

Vietnam's foodservice market exhibits distinct regional characteristics that reflect economic development patterns, cultural preferences, and infrastructure capabilities across the country. The South, led by Ho Chi Minh City, generates a significant portion of national GDP despite housing a smaller percentage of the population, creating higher disposable incomes that drive premium dining and international cuisine adoption. Southern consumers allocate larger portions of household budgets to out-of-home dining and demonstrate greater willingness to try new concepts, making this region the primary testing ground for international brands and innovative formats. The North, centered on Hanoi, shows stronger preference for local brands and traditional formats, maintaining significant market size due to higher population density and government sector spending.
Urban-rural dynamics create additional complexity, with urban centers driving technology adoption and delivery service growth while rural areas maintain traditional dining patterns focused on family-style establishments and local specialties. Internet usage patterns favor urban and South Rural areas, creating geographic advantages for digital marketing and online ordering platforms that influence competitive positioning. The tourism recovery, with South Korea leading international arrivals and Chinese visitors returning, particularly benefits coastal and heritage destinations where foodservice operators can capture both domestic and international demand streams.
Regional infrastructure development varies significantly, with metro systems and improved transportation networks in major cities enabling delivery expansion and reducing operational costs for multi-location operators. The government's smart city initiatives and digital infrastructure investments create geographic advantages for tech-enabled foodservice formats, while traditional operators maintain strength in areas with limited digital penetration. Supply chain efficiency differs by region, with the South benefiting from port access and established distribution networks, while northern and central regions face higher logistics costs that influence menu pricing and format selection strategies.

Vietnam Foodservice Industry Leaders

  1. Golden Gate Group JSC

  2. Imex Pan Pacific Group

  3. Jollibee Foods Corporation

  4. Lotte GRS Co. Ltd.

  5. Mesa Group

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Foodservice Market
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Recent Industry Developments

  • April 2025: Sojitz and Royal Holdings launched THE ROYAL restaurant in Ho Chi Minh, marking their entry into Vietnam’s foodservice industry and expanding joint restaurant operations beyond Japanese and Western cuisines to reinforce the retail value chain in the region.
  • February 2025: Golden Gate Group acquired The Coffee House and plans to revitalize the premium coffee chain following its store closures. The company aims to utilize its extensive food and beverage expertise to strengthen The Coffee House's competitive position in Vietnam's growing coffee shop market.
  • February 2024: Golden Gate Group opened its second food manufacturing facility in Thach That, Hanoi. The factory incorporates modern production lines with an annual capacity of 15,000 tons to supply restaurants and fast-moving consumer goods (FMCG) partners throughout Vietnam's distribution network.

Table of Contents for Vietnam Foodservice Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. KEY INDUSTRY TRENDS

  • 4.1 Number of Outlets
  • 4.2 Average Order Value
  • 4.3 Regulatory Framework

5. MARKET LANDSCAPE

  • 5.1 Market Overview
  • 5.2 Market Drivers
    • 5.2.1 Expansion and modernization of urban infrastructure
    • 5.2.2 Rapid digitization and mobile app adoption for ordering
    • 5.2.3 Rise of cloud kitchens and virtual-only brands
    • 5.2.4 Increasing consumer preference for convenience and ready-to-eat food
    • 5.2.5 Strong coffee and café culture
    • 5.2.6 Expansion of quick-service and fast-casual restaurant chains
  • 5.3 Market Restraints
    • 5.3.1 Supply chain fragility and ingredient sourcing challenges
    • 5.3.2 Pressure from multinational and domestic chains on smaller operators
    • 5.3.3 Quality consistency issues and lack of standardized operating procedures among independents
    • 5.3.4 Frequent policy/tax changes on food and beverage products
  • 5.4 Porter’s Five Forces
    • 5.4.1 Threat of New Entrants
    • 5.4.2 Bargaining Power of Buyers/Consumers
    • 5.4.3 Bargaining Power of Suppliers
    • 5.4.4 Threat of Substitute Products
    • 5.4.5 Intensity of Competitive Rivalry

6. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 6.1 By Foodservice Type
    • 6.1.1 Café and Bars
    • 6.1.1.1 By Cuisine
    • 6.1.1.1.1 Bars and Pubs
    • 6.1.1.1.2 Café
    • 6.1.1.1.3 Juice/Smoothie/Desserts Bars
    • 6.1.1.1.4 Specialist Coffee and Tea Shops
    • 6.1.2 Cloud Kitchen
    • 6.1.3 Full Service Restaurants
    • 6.1.3.1 By Cuisine
    • 6.1.3.1.1 Asian
    • 6.1.3.1.2 European
    • 6.1.3.1.3 Latin American
    • 6.1.3.1.4 Middle Eastern
    • 6.1.3.1.5 North American
    • 6.1.3.1.6 Other FSR Cuisines
    • 6.1.4 Quick Service Restaurants
    • 6.1.4.1 By Cuisine
    • 6.1.4.1.1 Bakeries
    • 6.1.4.1.2 Burger
    • 6.1.4.1.3 Ice Cream
    • 6.1.4.1.4 Meat-based Cuisines
    • 6.1.4.1.5 Pizza
    • 6.1.4.1.6 Other QSR Cuisines
  • 6.2 By Outlet
    • 6.2.1 Chained Outlets
    • 6.2.2 Independent Outlets
  • 6.3 By Locations
    • 6.3.1 Leisure
    • 6.3.2 Lodging
    • 6.3.3 Retail
    • 6.3.4 Sandalone
    • 6.3.5 Travel
  • 6.4 By Service Type
    • 6.4.1 Dine-in
    • 6.4.2 Takeaway
    • 6.4.3 Delivery

7. COMPETITIVE LANDSCAPE

  • 7.1 Market Concentration
  • 7.2 Strategic Moves
  • 7.3 Market Ranking Analysis
  • 7.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials (if available), Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 7.4.1 Golden Gate Group JSC
    • 7.4.2 Imex Pan Pacific Group
    • 7.4.3 Jollibee Foods Corporation
    • 7.4.4 Lotte GRS Co. Ltd.
    • 7.4.5 Mesa Group
    • 7.4.6 Restaurant Brands International
    • 7.4.7 Starbucks Corporation
    • 7.4.8 The Al Fresco's Group
    • 7.4.9 Yum! Brands Inc.
    • 7.4.10 Redsun ITI Corporation
    • 7.4.11 Viet Thai International JSC
    • 7.4.12 Trung Nguyen Legend Group
    • 7.4.13 Masan Group
    • 7.4.14 Tokyo Deli Vietnam JSC
    • 7.4.15 McDonald's Corporation
    • 7.4.16 Huy Vietnam
    • 7.4.17 Pizza 4P's Holdings
    • 7.4.18 KIDO Group
    • 7.4.19 Baemin Vietnam
    • 7.4.20 Highlands Coffee JSC

8. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Vietnam Foodservice Market Report Scope

By Foodservice Type
Café and Bars By Cuisine Bars and Pubs
Café
Juice/Smoothie/Desserts Bars
Specialist Coffee and Tea Shops
Cloud Kitchen
Full Service Restaurants By Cuisine Asian
European
Latin American
Middle Eastern
North American
Other FSR Cuisines
Quick Service Restaurants By Cuisine Bakeries
Burger
Ice Cream
Meat-based Cuisines
Pizza
Other QSR Cuisines
By Outlet
Chained Outlets
Independent Outlets
By Locations
Leisure
Lodging
Retail
Sandalone
Travel
By Service Type
Dine-in
Takeaway
Delivery
By Foodservice Type Café and Bars By Cuisine Bars and Pubs
Café
Juice/Smoothie/Desserts Bars
Specialist Coffee and Tea Shops
Cloud Kitchen
Full Service Restaurants By Cuisine Asian
European
Latin American
Middle Eastern
North American
Other FSR Cuisines
Quick Service Restaurants By Cuisine Bakeries
Burger
Ice Cream
Meat-based Cuisines
Pizza
Other QSR Cuisines
By Outlet Chained Outlets
Independent Outlets
By Locations Leisure
Lodging
Retail
Sandalone
Travel
By Service Type Dine-in
Takeaway
Delivery
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Market Definition

  • FULL-SERVICE RESTAURANTS - A foodservice establishment where customers are seated at a table, give their order to a server and are served food at a table.
  • QUICK SERVICE RESTAURANTS - A foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables.
  • CAFES & BARS - A type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars.
  • CLOUD KITCHEN - A foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers.
Keyword Definition
Albacore Tuna It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea.
Angus beef It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark.
Asian cuisine It includes full-service offerings in restaurants that serve cuisines from cultures such as Chinese, Indian, Korean, Japanese, Bengali, Southeast Asian, etc.
Average Order Value It is the average value of all orders made by the customers at a foodservice establishment.
Bacon It is salted or smoked meat that comes from the back or sides of a pig.
Bars & Pubs It is a drinking establishment that is licensed to serve alcoholic drinks for consumption on the premises.
Black Angus It is beef derived from a black-hided breed of cows that don't have horns.
BRC British Retail Consortium
Burger It is a sandwich consisting of one or more cooked beef patties, placed inside a sliced bread roll or bun roll.
Café It is a foodservice establishment serving various refreshments (mainly coffee) and light meals.
Cafes & Bars It is a type of foodservice business that include bars and pubs that are licensed to serve alcoholic drinks for consumption, cafes that serve refreshments and light food items, as well as specialty tea and coffee shops, dessert bars, smoothie bars, and juice bars.
Cappuccino It is an Italian coffee drink that is traditionally prepared with equal parts double espresso, steamed milk, and steamed milk foam.
CFIA Canadian Food Inspection Agency
Chained Outlet It refers to a foodservice establishment that shares brands, operates in several locations, has central management, and standardized business practices.
Chicken Tender It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird.
Cloud Kitchen It is a foodservice business that utilizes a commercial kitchen for the purpose of preparing food for delivery or takeout only, with no dine-in customers.
Cocktail It is an alcoholic mixed drink made with either a single spirit or a combination of spirits, mixed with other ingredients such as juices, flavored syrups, tonic water, shrubs, and bitters.
Edamame It is a Japanese dish prepared with soybeans (harvested before they ripen or harden) and cooked in its pod.
EFSA European Food Safety Authority
ERS Economic Research Service of the USDA
Espresso It is a concentrated form of coffee, served in shots.
European cuisine It includes full-service offerings in restaurants that serve cuisines from cultures such as Italian, French, German, English, Dutch, Danish, etc.
FDA Food and Drug Administration
Fillet Mignon It is a cut of meat taken from the smaller end of the tenderloin.
Flank Steak It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow.
Foodservice It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats.
Franks Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany.
FSANZ Food Standards Australia New Zealand
FSIS Food Safety and Inspection Service
FSSAI Food Safety and Standards Authority of India
Full service restaurant It refers to a foodservice establishment where customers are seated at a table, give their order to a server, and are served food at a table.
Ghost Kitchen It refers to a cloud kitchen.
GLA Gross Leasable Area
Gluten It is a family of proteins found in grains, including wheat, rye, spelt, and barley.
Grain-fed beef It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grain-fed cows can also be given antibiotics and growth hormones to fatten them up more quickly.
Grass-fed beef It is beef derived from cattle that have only been fed grass as feed.
Ham It refers to the pork meat taken from the leg of a pig.
HoReCa Hotels, Restaurants and Cafes
Independent Outlet It refers to a foodservice establishment that operates with a single outlet or is structured as a small chain with no more than three locations.
Juice It is a drink made from the extraction or pressing of the natural liquid contained in fruit and vegetables.
Latin American It includes full-service offerings in restaurants that serve cuisines from cultures such as Mexican, Brazilian, Argentinian, Colombian, etc.
Latte It is a milk-based coffee that is made up of one or two shots of espresso, steamed milk, and a thin layer of frothed milk.
Leisure It refers to foodservice offered as a part of a recreation business, such as sports arenas, zoos, movie theaters, and museums.
Lodging It refers to foodservice offerings at hotels, motels, guesthouses, holiday homes, etc.
Macchiato It is an espresso coffee drink with a small amount of milk, usually foamed.
Meat-based cuisines This inlcudes food items like fried chicken, steak, ribs, etc. where meat is the primary ingredient for the dish.
Middle Eastern cuisine It includes full-service offerings in restaurants that serve cuisines from cultures such as Arabic, Lebanese, Iranian, Israeli, etc.
Mocktail It is an non-alcoholic mixed drink.
Mortadella It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat.
North American It includes full-service offerings in restaurants that serve cuisines from cultures such as American, Canadian, Caribbean, etc.
Pastrami It refers to a highly seasoned smoked beef, typically served in thin slices.
PDO Protected Designation of Origin: It is the name of a geographical region or specific area that is recognized by official rules to produce certain foods with special characteristics related to location.
Pepperoni It is an American variety of spicy salami made from cured meat.
Pizza It is a dish made typically of flattened bread dough spread with a savory mixture usually including tomatoes and cheese and often other toppings and baked.
Primal cuts It refers to the major sections of the carcass.
Quick service restaurant It refers to a foodservice establishment that provides customers convenience, speed, and food offerings at lower prices. Customers usually help themselves and carry their own food to their tables.
Retail It refers to a foodservice outlet inside a mall. shopping complex or a commercial real estate building, where there are other businesses operating as well.
Salami It is a cured sausage consisting of fermented and air-dried meat.
Saturated fat It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy.
Sausage It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing.
Scallop It is an edible shellfish that is a mollusk with a ribbed shell in two parts.
Seitan It is a plant-based meat substitute made out of wheat gluten.
Self-service kiosk It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service.
Smoothie It is a beverage made by placing all the ingredients in a container and processing them together, without removing the pulp.
Specialty coffee & tea shops It refers to a foodservice establishment that serves only various types of tea or coffee.
Standalone It refers to a restaurants that have an independent infrastructure setup and not connected to any other business.
Sushi It is a Japanese dish of prepared vinegared rice, usually with some sugar and salt, accompanied by a variety of ingredients, such as seafood—often raw—and vegetables.
Travel It refers to foodservice offerings such as airplane food, dining on long-distance trains, and foodservice on cruise ships.
Virtual Kitchen It refers to a cloud kitchen.
Wagyu Beef It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for the market forecast are set, and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market size estimations for the forecast years are in nominal terms. Inflation is considered for average order value, and it is forecasted as per predicted inflation rates in the countries.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
research-methodology
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