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Franchise Highlight

Vietnam looks to promote franchise market

HCM City, 21 November 2018,

The Ministry of Industry and Trade (MoIT) has licensed 17 foreign enterprises specialising in franchises to operate in Vietnam so far this year, according to statistics from the ministry.

The franchise market features both domestic and foreign enterprises. The ministry said there were 213 businesses with hundreds of trademarks licensed for franchising in Vietnam over the last decade.

A series of world-famous brands in the fields of fast food, hotel, restaurant, cosmetics and clothes have been rapidly entering the Vietnamese market, with expanding scale.

These brands include McDonald’s, Baskin Robbins, Pizza Hut, Kentucky Fried Chicken, Burger King, Swensen’s, Lotteria, Tous Les Jours, BBQ Chicken, Warehouse, Topshop and Coast London.

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Source: VNA

Full Article: https://en.vietnamplus.vn/vietnam-looks-to-promote-franchise-market/142232.vnp

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