Expanding fast food outlets place strain on obesity worry 10:00 | 12/05/2021
As international organisations are at pains to warn of an increasing obesity problem in Vietnam, the countryâs fast food industry continues to swell despite mounting losses for some chains and difficulties in attempting to alter local eating norms.
Despite its fast-paced development, Lotteria Vietnam has been operating at a loss. In 2020, the chainâs net losses surpassed $8.97 million, reducing its book value from $24 million at the beginning of the year to a little less than $14 million.
The COVID-19 pandemic was not the main culprit behind the chainâs losses, as it was only a continuation of the VND20 billion ($870,000) losses it suffered between 2017 and 2019.