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Seedcom’s losses widen despite strong 2022 sales growth

The Vietnamese retail group said last year's outlet expansion made losses ‘inevitable’ as its flagship The Coffee House café chain faces increased competition from domestic and international operators

Seedcom operates 155 The Coffee House outlets across Vietnam | Photo credit: The Coffee House

The Vietnamese retail group said last year's outlet expansion made losses ‘inevitable’ as its flagship The Coffee House café chain faces increased competition from domestic and international operators

Vietnam’s Seedcom has reported its third successive annual loss, despite robust sales growth for the 12 months ended 31 December 2022.

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