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Penny Wong, who is on a four-day visit to Vietnam, sipped a cup of coffee on Dinh Tien Hoang Street at one of the city’s oldest cafes in the chilly Hanoi autumn morning air.

Vietnam is famous for its coffee supply and coffee culture which has helped the nation rise in global rankings over the years.

On TasteAtlas' list of the "10 Best Rated Coffees in the World," Vietnamese iced coffee was rated first alongside Italian ristretto.

The unique cafeteria in Hanoi's Old Quarter, with a gorgeous view over Hoan Kiem Lake, is a favorite hangout destination for young locals and international tourists.

Senior experts said the new hybrids bring vitality to Vietnam’s coffee industry, which is known being a Robusta grower, not Arabica.

The latest purchase put Phuc Long’s valuation at $355 million.