Vietnam sees bustling franchise sector

In the first half of this year, the Ministry of Industry and Trade granted licences for the franchise deals of 15 overseas companies, mostly from the US, Belgium and Canada, in the food and beverage, fashion and information technology industries in Vietnam.

The figure reflected a noticeable growing interest from foreign groups in franchise operations in Vietnam, where the consumer market is getting more powerful and the population has now reached 85 million people.

Japan slashes taxes on Vietnam imports

Most Vietnamese commodities exported to Japan will enjoy preferential tax rates of between zero and five percent once the Vietnam-Japan Economic Partnership Agreement (VJEPA) takes effect.