Vietnamplus

Vietnam has a lot of opportunities for franchising, with many businesses having the capability to become a franchisee, even a master franchisee, a recent conference has heard.

Vietnamese businesses and brands are taking part in the Agri-food Tech Expo Asia and Franchising and Licensing Asia in Singapore from October 26 to 29.

Vietnamese businesses and brands are taking part in Agri-food Tech Expo Asia (AFTEA) and Franchising and Licensing Asia (FLA) underway in Singapore from October 26-29.

Vietnam will become an attractive destination for franchising businesses after the pandemic ends, experts have said.

Vietnam will become an attractive destination for franchising businesses after the COVID-19 pandemic ends, experts have said.

Following its success in previous years, the Vietnam International Retail Tech and Franchise Show will see its 11th edition organised in Ho Chi Minh City this week.

Spanish laundry services start-up Mr Jeff has announced plans to license 30 franchisees this year with the first 15 to open in Hanoi, Ho Chi Minh City, Hai Phong, Da Nang and An Giang.

Vietnam’s retail market, one of the three most dynamic in Asia-Pacific, grows 12 percent annually, making it a new rich land for franchisers.

The International Franchise Association ranked Vietnam eighth out of the 12 most valuable markets for global expansion, according to Nguyen Phi Van, chairwoman of Retail & Franchise Asia.

After food and beverage and other sectors, it is the turn of convenience stores franchisers to eye the huge Vietnamese 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.

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.

Kids Corporation, a pre-school education company in Japan, wants to enter Vietnamese market, targeting high-income families who are willing to pay more for their children to get the Japanese-style education.

With its rapidly growing economy and a 95 million population of whom 60 percent are young consumers, Vietnam is an attractive destination for global franchising and retail businesses.

The development speed of the franchising market in Vietnam has reached only one fifth of its potential compared to other countries in the region.

The 90-million-strong Vietnamese market is a promising land for famous brands as well as businesses from the region, heard a conference on franchise between Vietnam and the Philippines in Hanoi on June 2.

Dozens of franchises are being established in Vietnam and more new brands are expected to enter the market in the near future, according to experts.

More than 150 Thai businesses are showcasing their best products at the annual fair Top Thai Brands 2017 that kicked off in Ho Chi Minh City on May 11.

About 200 brands have been franchised in Vietnam over the last decade, but the franchise of Vietnamese brands is just in the initial stage at present, insiders said at a workshop in Ho Chi Minh City on May 4.

More than 40 Thai businesses introduced their products to some 100 domestic firms at an event in Ho Chi Minh City on November 25 with the aim of seeking franchisees.