Hanoi (VNA) – Vietnam’s retail market, one of thethree most dynamic in Asia-Pacific, grows 12 percent annually, making it a newrich land for franchisers.
According to Yun Ju Young, managing director of GS25Vietnam, the country has yet to have any retail franchise brands.
Meanwhile, Nielsen Vietnam’s statistics show that the numberof convenience stores nationwide has increased four-fold since 2012. Thousandsof these are operating nationwide, with the largest density recorded in the twomajor cities of Hanoi and Ho Chi Minh City.
It is projected that convenience store franchises will be anew profitable business model in the coming time because costs are lower thanin other sectors while management is easier.
Insiders said convenience store chain franchises from Japan,China’s Taiwan and other countries are eyeing the Vietnamese market. Followingthe trend, Vietnamese retailers have also stepped up their franchising efforts.
Saigon Co.op for instance is franchising its Co.op Foodconvenience store in HCM City and other cities and provinces, and targets theopening of 100 new stores this year.
Nguyen Phi Van, founder and chairwoman of Retail &Franchise Asia, said Vietnam is rated highly by the International FranchiseAssociation as a franchise market.
However, she said 90 percent of franchisers in Vietnamfollow the traditional model without applying digital technology, which islikely to result in losses and withdrawal from the market.–VNA
With its high economic growth rate and population of over 90 million, Vietnam is becoming an increasingly attractive destination for international franchising businesses, especially in the food and beverages sector.
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 International Franchise Association ranked Vietnam eighth out of the 12 most valuable markets for global expansion, according to Nguyen Phi Van, chairwoman of Retail & Franchise Asia.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
A Vinmart+ convenience store (Photo: VNA) 
