NYDC closes its last restaurant in VietnamVietNamNet Bridge - According to Insider Retail, New York Dessert Coffee (NYDC) has closed all of its restaurants in Vietnam after many months of trying to continue to operate. On July 20, NYDC Vietnam sent a goodbye to customers via Facebook and promised to "come back someday." Before NYDC came to Vietnam in 2012, the main competitors of NYDC were Gloria's Jeans, and Coffee Bean & Tea Leaf. In May, the signs became apparent when NYDC closed three branches in Nguyen Trai, Cantavil and Crescent in HCM City. In 2009, the SUTL Group of Singapore brought NYDC to Vietnam and became one of the most popular foreign coffee chains in Ho Chi Minh City.

Source: VietNamNet News July 27, 2016 11:58 UTC