Franchising in Asia, particularly in Vietnam, offers a wealth of opportunities for international businesses seeking to expand their reach. With a rapidly growing economy, a youthful and increasingly affluent population, and a burgeoning consumer market, Vietnam has emerged as a hotspot for franchising. The country’s unique blend of cultural heritage and modern aspirations creates fertile […]

As businesses seek to diversify and grow beyond their domestic markets, Asia has emerged as a region of immense potential for international franchise expansion. With its booming economies, increasing consumer demand, and favorable business environments, Asia presents vast opportunities for global brands. Among the many attractive markets, Vietnam is quickly becoming a standout destination for […]

The retail market in Vietnam has experienced significant participation from both domestic and international brands in recent years. However, recent developments indicate that retailers are changing their strategies. Instead of directly investing in their retail stores, retailers are increasingly transitioning to franchise business models. The impact of franchising on the overall development of the retail […]

As per LocalBuyX prediction, 2021 will be the best year of franchise growth in at least a decade, due to several factors, including: – Relatively higher unemployment rates, with both lower-cost workers and seasoned career professionals who are seeking opportunities in business and non business areas. – Favorable market conditions that provide ready access to […]

With the advent and maturation of the internet, such things as brick-and-mortar retail operations seem to be fading in popularity as people order products and even groceries online. Books are delivered via the mail or downloaded to a tablet, and with the pandemic, eateries are shutting down in droves. Such things as digital consumption of […]

Visa surveys conducted in Vietnam show that 79% of consumers prefer to pay with cards and mobile apps instead of cash. In the context COVID-19, consumers and businesses in the Asia-Pacific moving to paid digital, Visa has promoted the payment solution is not exposed by phone is available in Vietnam to support small and medium enterprises to participate in […]

The emergence of modern retail outlets does not seem to affect the traditional grocery stores too much. Grocery still dominates According to Nielsen data, Vietnam has about 1.4 million grocery stores and 9,000 traditional markets, accounting for 75% market share, with turnover of around $ 10 billion per year. According to Kantar Worldpanel Vietnam, traditional […]

The number of mini-supermarkets increased sharply in the first 6 months of 2020, especially in the second and third sectors. The potential for convenience store expansion in Vietnam remains huge, as modern retail channels account for about 25. % of retail sales, convenience stores less than 10% of the market, according to Vietnam Report. “Retail […]