Starbucks Lan Vien in Hoan Kiem District opened in 2014, becoming the firm's first store in Hanoi.
Starbucks Lan Vien in Hoan Kiem District
The Facebook post on Starbucks’ fan page received many comments from customers expressing their regret.
In October last year, Starbucks also shut the Starbucks Rex on Nguyen Hue Street in HCM City's District 1 and Starbucks Press Club on Ly Thai To Street in Hanoi.
Most Starbucks stores are located in the city centres with high rental fees. After being hard hit by the Covid-19 pandemic, the firm has changed its business strategy, including reducing store rent costs.
Many other brands have followed suit after being ravaged by Covid-19. By the end of last year, the Coffee House closed its facility Signature in HCM City’s city centre.
Soya Garden has had to shut more than 80 percent of its stores in 2021 due to the pandemic.
