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Tag Archive for ‘Franchise’

Vietnamese manufacturers ‘forget’ food market for Muslims

The food market for Muslims is vast, with estimated value of $580 billion worldwide, but Vietnamese enterprises still have no business strategies to conquer the market. Nguyen Phi Van, franchise advisor to the Malaysian government, met with 10 Vietnamese businesses before they attended a trade fair in Thailand in early August. The businesses included well-known […]

Old Navy opens the first store in Hanoi

Old Navy, one of the famous brands under Gap Inc. from the US, officially opened its first store in Hanoi at a prime location in Vincom Nguyen Chi Thanh. In particular, Old Navy debuted on September 1. On the 655-square-metre space at Vincom Nguyen Chi Thanh, the store displays the typical fashion products of the […]

Health franchises in Vietnam see growth spurt

Franchise opportunities in healthcare and wellness are emerging in Vietnam as locals increase spending to improve their health and overall well-being. Vietnamese people spend billions of dollars every year improving their health and wellness, according to Sean T. Ngo, CEO of VF Franchise Consulting. A growing number of Vietnamese citizens are travelling abroad-to countries like […]

Singapore’s Melior Business School (MBS) In HCM City Closes With Syllabus Unfinished, Singaporean Director Fled

Hundreds of students of the Melior Business School (MBS), based in Ho Chi Minh City, may lose their tuition fees and get no certificate as the unit suddenly closed yesterday and its Singaporean director Cheng Sim Kok fled. On November 10 the school, located at 97 Nguyen Van Troi Street in Phu Nhuan District, informed […]

Vietnam Franchise Market Warms Up, To Boom In Near Future

Newly emerging and potential–Vietnam has become a lucrative market for foreign franchisors. However, the high retail premises rents would challenge them. Foreign food groups have been flocking to Vietnam to seek business opportunities through franchising contracts. The US fast food Burger King has set up its first shop on Pham Hong Thai Street in district […]

Over 130 enterprises join VIETSF 2012

Vietnam International Shop and Franchise Show 2012 (VIETSF 2012) opened on Thursday in HCM City and attracted the participation of 131 enterprises from eight countries and territories with over 234 booths. The three-day VIETSF organised by South Korea-based Coex and Vietnam National Trade Fair and Advertising Company (Vinexad) is expected to attract around 20,000 visitors. According to deputy minister of Industry and Trade Tran Anh Tuan, amid current economic woes, the exhibition opens up cooperation chances for foreign brands and local partners. Tuan said that the government was trying to create a competitive market, complete the legal framework, and develop infrastructure to…

Int’l Franchising show launched in HCM City

(VOV) -The Vietnam International Shop and Franchise Show (VIETSF 2012) opened at the Saigon Exhibition & Convention Center in Ho Chi Minh City on November 1. * International fair promotes hi-tech application in agriculture VIETSF 2012 has attracted more than 270 stands representing 150 domestic and foreign enterprises, with big names such as Tous Les […]

Disney buys ‘Star Wars’ studio, plans new film

Walt Disney Co announced Tuesday it is buying “Star Wars” director George Lucas’ film company for US$4 billion, and plans to revive the classic sci-fi series starting with a new movie in 2015. The entertainment giant plans a new trilogy in the legendary franchise, launched with the original “Star Wars” movie in 1977, while Lucas himself said it was “time for me to pass Star Wars on to a new generation of filmmakers.” “Star Wars 7” will…

Barclays hit by fresh U.S. investigations

LONDON – Barclays, already rocked by an interest rate rigging scandal, unveiled two new U.S. regulatory investigations into the bank’s financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance. Following investigations in the UK over its dealings with Qatari investors, Barclays said the Department of Justice and Securities and Exchange Commission were investigating whether its relationships with third parties who help it win or retain business are compliant with the U.S. Foreign Corrupt Practices Act. The bank is currently under…

Franchising of Lotteria delayed

South Korea’s fast-food giant Lotteria will postpone franchising deals in Vietnam to 2013. Lotteria first mulled over franchising deals with Vietnamese firms in 2007 after it opened 30 outlets in the country. However, Lotteria revealed that the current time was inappropriate for the company to franchise partly because its target of opening 100 outlets in Vietnam was already achieved. “Other prominent brand names such as McDonald’s and Burger King are to set up their chains of fast-food outlets in Vietnam. Burger King once stated that an outlet should be opened for each 160,000 people. We have the same strategy,” Jin said. “That…