Foodpanda exiting Vietnam
Online food delivery service provider Foodpanda is reportedly closing down its Vietnam operation. Tim Schefenacker, Foodpanda’s global head for communications, has been quoted by sources as saying that Vietnam presented a small and longer term opportunity compared to other countries, so the firm has decided to focus on more profitable markets.
Foodpanda launched in Vietnam using the HungryPanda brand in 2012, but it reportedly faced stiff competition from local operators Vietnammm and Eat.vn.
