SOE equitization to depend heavily on private capital

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VietNamNet Bridge - A number of big state-owned enterprises (SOEs) are eagerly awaiting significant cash injections from private Vietnamese businesses to carry out their equitization plans. … [Read more...]

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Airport service firm’s IPO only a week away

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Southern Airport Services Company (Sasco), a major seller of goods and services in Tan Son Nhat airport, plans to offer 31,097,900 shares, or a 23.65 per cent stake, at its IPO at an initial price of VND10,000(0.47 US cent)/share. … [Read more...]

Saigontourist golf tourney raises VND900 million

Saigontourist's deputy general director Le Ngoc Co (R) and representatives of the HCMC Sponsoring Association for Poor Patients, Tuoi Tre Newspaper and the People's Committee of Can Gio District Photo: Hung Le

Hung Le At an award dinner at Caravelle Hotel on Saturday evening, Saigontourist's deputy general director Le Ngoc Co handed over VND600 million to the HCMC Sponsoring Association for Poor Patients to support 500 poor and studious students to continue their study. … [Read more...]

Foreign partners study investment opportunities in Quang Ninh province

Quang Ninh provincial leaders introducing the complex recreation project with casino in Van Don District to partners. (Photo: QNP)

On June 10th, the Imex Pan Pacific Group (IPP Group), together with Australian partners conducted a field trip at the Van Don Economic Zone and studied the planning of the complex recreation project with casino in Van Don District and the Hoang Gia international recreation area in Ha Long City in the northern province of Quang Ninh. Receiving the delegation, Nguyen Van Thanh, Deputy Chairman of the Quang Ninh Provincial People's Committee presented an introduction to the projects. … [Read more...]

Giant fast food restaurant chains keen on firm footholds in Vietnam

Vietnam's fast-food franchise market is growing robust with the entrance of an array of foreign players, the Vietnam Investment Review (VIR) reported. McDonald's has just opened its first restaurant in Vietnam which is capable of accommodating 350 people in-house as well as its to-go services. In the first month of operation, the restaurant served more than 400,000 customers and sold 61,980 Big Macs, the company's flagship burger. According to Nguyen Bao Hoang, founder of food and … [Read more...]

Fast-food market sees growth of Grade A players

McDonald's, the world's leading hamburger franchise, just opened its first restaurant in Vietnam capable of accommodating 350 people in-house as well as its to-go services.

Vietnam's fast-food franchise market is growing robust with the entrance of an array of foreign players. In its first month open, it served more than 400,000 guests and sold 61,980 Big Macs, the company's flagship burger. According to Nguyen Bao Hoang, founder of food and travel services firm Good Day Hospitality - the Vietnamese franchise holder of McDonald's in Vietnam, the customer numbers have surpassed expectations and they are planning a second restaurant, also in Ho Chi Minh … [Read more...]

HCM City: ideal market for high-end fashion brands

Vietnam may soon become a fashionista paradise with scores of leading fashion retailers vying against one another to distribute their brands in the fast growing country, the Vietnam Investment Review (VIR) has reported. Chairman of Luala Fashion Company Do Ngoc Minh just inaugurated their second store in Ho Chi Minh City. He forecasted that Vietnam will soon be a leading destination for fashionable shoppers from throughout the region. Foreign luxury retailers would rather work together to … [Read more...]

Vietnam dressing up

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Vietnam may soon become a fashionista paradise with scores of leading fashion retailers vying against one another to distribute their brands in the fast growing country. Chairman of Luala Fashion Company Do Ngoc Minh just inaugurated their second store in Ho Chi Minh City. He forecasted that Vietnam will soon be a leading destination for fashionable shoppers from throughout the region. Foreign luxury retailers would rather work together to grow their collective market share quickly, than … [Read more...]

The Vietnamese billionaires making their fortune from scratch

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VietNamNet Bridge - Vietnam has no lack of fabulously wealthy individuals. Some came by their fortunes the easy way - through inheritance. But far more fascinating are the self-made ones, the ones who started with little more than the shirts on their backs and built up empires through their own wits, ambition, and perseverance. VietNamNet decided to have a look at some of these self-made billionaires. Mr Pham Nhat Vuong Vuong was the first Vietnamese to land in Forbes' list of the world's … [Read more...]

Investors tend to pour capital into restaurants

Restaurants mushrooming

VietNamNet Bridge - Developing restaurants is believed to be the most lucrative business field and the quickest way to earn money. This explains why more and more investors have injected money there. Japanese styled Kichi Kichi at Vincom building in HCM City is considered one of the most successful restaurants. With the retail premises area of 150 square meters and the rent of $40 per square meter, large enough for 70 seats, the restaurant earns VND1 billion every day. The attractive profit … [Read more...]

Giordano targets early retail entry

A joint venture will propel Giordano into Vietnam's retail sector in the near future

Vietnam continues to attract foreign investors as new players join the burgeoning retail market. Richard Leech, executive director CBRE told VIR that the size and youthfulness of the population, growth in middle income earners and rapid urbanisation would make Vietnam an attractive investment option, especially in relation to the retail sector. Giordano International, Hong Kong's leading fashion apparel and accessories retailer in mid-November signed a joint venture agreement with Yeo … [Read more...]

Vietnamese firms absent from food-chain market?

A Vietnamese banh mi store in HCM City. The invisible war

VietNamNet Bridge - The fast food market has formed in Vietnam, with a series of foreign food chains. Why don't we see many local brands? Fast-food chains seem to be not affected by economic downturn in Vietnam when we see a series of strong brands having entered and are about to enter Vietnam. The large market with 90 million people and the high percentage of population of under 30 is very attractive to domestic and foreign investors. The second factor contributing to the attractiveness of … [Read more...]

Dunkin’ Donuts enters Vietnam

(VOV) - Dunkin' Donuts, an American global doughnut company and coffeehouse chain based in Canton, Massachusetts, has opened a restaurant in Ho Chi Minh City, marking its debut in Vietnam. This is the result of a franchise deal signed in early 2013 between Dunkin' Donuts and its partner Vietnam Food & Beverage Services Co. Ltd. (VFBS) under the Imex Pan Pacific Group (IPP Group). At the inaugural ceremony, John Varughese, Vice President of Dunkin' Brands in the Middle East and Southeast … [Read more...]

Another American coffee brand enters Vietnam after Starbucks

The core product of Dunkin' Donuts is donuts. But if they can market its different taste for coffee.

VietNamNet Bridge - After Starbucks, another famous coffee brand of American, has begun to enter the Vietnam market, it is Dunkin' Donuts. In Vietnam, according to Dunkin' Donuts, the franchisee is the Vietnam Food & Beverages Services Limited Company (VFBS) of the Imex Pan Pacific Corporation, chaired by Mr. Jonathan Hanh Nguyen. Not disclosing the cost of the franchise because of its commitments with VFBS but according to Mr. John Vurughese, Global Vice President of Dunkin' Brands … [Read more...]

The quiet war in the sumptuous place

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VietNamNet Bridge - The two giants Openasia Group and IPP have been competing vehemently in the battle of distributing branded goods. However, in the eyes of outsiders, they have been coexisting in peace. A lot of big names in the business circle and celebrities in Vietnam's showbiz were invited to the opening ceremony of Louis Vuitton kiosk at Trang Tien Plaza, the most advantageous position in Hanoi. The event, in the eyes of analysts, showed the great potential of the domestic branded … [Read more...]

Hanoi tops national rowing and canoeing competition

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Nhan Dan Online - Hanoi captured first place with a total of 30 gold, 12 silver and ten bronze medals at the 2013 National Clubs Rowing and Canoeing Tournament, which officially concluded last Friday in the central coastal city of Da Nang. The capital team dominated the canoeing event, winning 21 gold, eight silver and six bronze medals, trespassing their initial target of striving for 15 golds. Thai Nguyen finished second with eight golds and one silver medal, followed by Binh Thuan with five … [Read more...]

Italy’s Autogrill ready to serve tables in Viet Nam

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The Hanoitimes - Italy's Autogrill, a global leading firm in the travel dining sector, said it would open more than 80 points of sale in Viet Nam's main airports through a joint venture with Imex Pan Pacific Group. The joint venture - Autogrill VFS F&B Company - was set up with Viet Nam Food and Beverage Services Company, a member Imex Pan Pacific (IPP), a huge food and beverage provider in Viet Nam. The new company will operate its food and beverage business consisting of 28 points of … [Read more...]

New-look Trang Tien Plaza opens for business

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Phuong Thao Located in the heart of the capital city, the center has spent over US$20 million in the facelift, featuring 112 luxury brand names in high-end fashion, watches and perfume such as Christian Dior, Cartier, Burberry and Louis Vuitton. Up to 95% of retail space in this project is occupied. Trang Tien Plaza is also a venue for culinary culture of Vietnam and other countries such as Singapore, Italy and Korea. The commercial center also includes well-known children's fashion … [Read more...]

Italy’s Autogrill ready to serve tables in Vietnam

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Italy's Autogrill, a global leading firm in the travel dining sector, said it would open more than 80 points of sale in Vietnam's main airports through a joint venture with Imex Pan Pacific Group. The move showed the group's ambitious growth strategy in emerging economies, Autogrill said. "With this operation we are entering a country of high growth potential and strategic importance for further development, also in other travel channels in Vietnam and emerging markets in Asia," Autogrill … [Read more...]

Athletes gather for rowing and canoeing event

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Nhan Dan - About 230 athletes representing 20 teams from across the country will gather in the central coastal city of Da Nang from March 6 to 15 for the 2013 National Clubs Rowing and Canoeing Tournament. The rowing event, scheduled for March 8-11, is expected to see 102 participants (57 men and 45 women) competing for medals in 16 disciplines at a distance of 2000m. The canoeing category, meanwhile, will take place between March 12 and 15, with remaining 128 competitors (66 men and 62 … [Read more...]