Foreign franchises eye lucrative Vietnam market Business

Foreign franchises eye lucrative Vietnam market

With its high economic growth rate and population of over 90 million, Vietnam is becoming an increasingly attractive destination for international franchising businesses, especially in the food and beverages sector.
Franchising makes Vietnam’s retail market more attractive Business

Franchising makes Vietnam’s retail market more attractive

Vietnam is a promising market for retail and franchise sector as franchising is an increasingly popular strategy taken by many enterprises, said experts at a conference held on the sidelines of the Shop & Store Vietnam Exhibition 2018 held in Ho Chi Minh City on March 28.
Business

Good year for franchises

2009 was a busy year for franchises with more and more well-known global brand names appearing in Vietnam’s market as well as Vietnamese trademarks springing up in foreign markets.

To date, 39 overseas companies, mostly from the US , UK , Canada , Switzerland , Italy and Australia, doing in the fields of fast food, restaurant, and fashion, have been licensed to do franchise deals in Vietnam, according to the Ministry of Industry and Trade (MoIT).
Business

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.