South Korea’s largest convenient store chain, GS Retail, opened its first store, GS25 Vietnam, in Ho Chi Minh City in January this year, after shaking hands with SonKim, a leading retailer of lingerie and underwear in Vietnam, to launch a joint venture franchise in the country. Vietnam is GS Retail’s first overseas market, which has rapidly-rising consumer power compared to other emerging markets, and plans to have 2,500 outlets nationwide within a decade. “Convenience stores are not only for selling products but also drive food trends and promote cultural images,” said Mr. Yun Ju Young, COO of GS25 Vietnam. “Our products, with the private brand ‘You Us’, will be popular among young people like students and office workers.” GS Retail is one of many foreign brands that have come to Vietnam through franchising. Vietnam is likely to see a greater presence by international franchisors over the next few years New arrivals The … [Read more...] about International franchisors keen on Vietnam
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Vietnam – destination of potential for franchises
VietNamNet Bridge –Vietnam has almost everything needed for franchises to really take off. Mr. Scott McDaniel, Senior International Development Director at New Horizons Computer Learning Centers, the largest independent information technology (IT) training company in the world, told VET that a number of IT service companies in Vietnam could secure external clients and throw out a challenge to the dominance of India and the Philippines in IT outsourcing. With excellent growth in IT, Mr. McDaniel revealed that New Horizons will launch its business in Vietnam this year via a franchise after finding partners. 2015 saw a number of foreign investors arriving in Vietnam and investing in the market via franchises. The development plan of New Horizons can be viewed as proof that Vietnam not only attracts franchises in traditional sectors such as food and beverages but also in other fields such as education, training, and services. With a number of free trade agreements signed and … [Read more...] about Vietnam – destination of potential for franchises
Deputy PM: Don’t get trapped by bad elements
Deputy PM: Don't get trapped by bad elements Deputy Prime Minister Vu Duc Dam late last week called for the public, particularly patriotic workers at industrial parks, to stay vigilant against ill-intentioned elements. "The people of Vietnam should be vigilant and carefully consider when and where they need to express patriotism to produce the best results," he told scientists at the Ministry of Science and Technology office in Hanoi on Saturday. "We should help workers and other ordinary people understand that they might get trapped by bad elements. Public order and safety must be guaranteed when they display their patriotism and more importantly, the image of a peace-loving country like Vietnam must be protected." Over the past week a number of improvised protests against China's illegal placement of an oilrig well within Vietnam's exclusive economic zone and continental shelf have happened in some provinces but many protestors have violated laws as incited by malevolent elements, he … [Read more...] about Deputy PM: Don’t get trapped by bad elements
Social News Headlines 20/5
Deputy PM: Don't get trapped by bad elements Deputy Prime Minister Vu Duc Dam late last week called for the public, particularly patriotic workers at industrial parks, to stay vigilant against ill-intentioned elements. "The people of Vietnam should be vigilant and carefully consider when and where they need to express patriotism to produce the best results," he told scientists at the Ministry of Science and Technology office in Hanoi on Saturday. "We should help workers and other ordinary people understand that they might get trapped by bad elements. Public order and safety must be guaranteed when they display their patriotism and more importantly, the image of a peace-loving country like Vietnam must be protected." … [Read more...] about Social News Headlines 20/5
BUSINESS IN BRIEF 30/3
Vietnam Airlines marks new step in Russian market The first flight using Boeing 787-9 Dreamliner aircraft of national flag carrier Vietnam Airlines arrived at Domodedovo airport in Moscow, Russia, on March 27 (local time). Speaking at the welcome ceremony, Chief Representative of Vietnam Airlines in Russia Le Thanh Dung said the airline is striving to meet demand of passengers in Russia, adding that the airlines will operate new routes linking Vietnam and Russia in the future. Meanwhile, Vietnamese Ambassador to Russia Ngo Duc Manh congratulated Vietnam Airlines on using Boeing 787-9 Dreamliner for the Hanoi-Moscow air route, contributing to the enhancement of the partnership between Vietnam and Russia, especially in tourism and people-to-people exchanges. Boeing 787-9 Dreamliner can carry up to 311 passengers and saves 20 percent of fuel compared to previous generations of aircraft. Vietnam Airlines was recognised as a 4-star airline for two consecutive years in 2016 and 2017 by the … [Read more...] about BUSINESS IN BRIEF 30/3