Fourteen international brands are seeking for Vietnam franchise partners. The brands will gather at VF Franchise Consulting headquarters in Ho Chi Minh City on July 9 to meet with prospective area or master franchisees for the market.
The franchises are in the food-and-beverage sector, education, services, and come from the US, Taiwan, Thailand, Singapore, India and Japan.
ACE International, Little Caesars Pizza, Coldstone Creamery, Mango Tree, Mango Chili, Cha Ji Tang, Yang Xiang Ting, Fidele, Bing Girl, Machida Shoten, Mennya Kokoro.
According to Vietnam’s Ministry of Industry and Trade, there are already more than 200 foreign brands registered in Vietnam, and the number of international brands seeking to enter Vietnam continues to grow by 15–20 per cent annually.
“With nearly 95 million citizens, Vietnam has one of the fastest growth rates when it comes to franchising and licensing,” saus Sean T Ngo, founder and CEO of VF Franchise Consulting. Franchises that do well are in the food-and-beverage, education, retail and services sectors. Goldman Sachs predicts Vietnam will be the 20th largest economy in the world by the year 2050.”
