Update news Burger King
The downward trend in the growth rate of the leading fast-food chain stemmed from market changes, consumer’s mindset as well as the emergence of alternative segments.
McDonald’s to open first store in Hanoi
KFC, Lotteria and Burger King have been competing fiercely in Hanoi for the last 10-20 years. But McDonald’s has now finally entered the picture after arriving in Vietnam three years ago.
Vietnamese street food favored over foreign fast food chains
VietNamNet Bridge - Foreign fast food chains in Vietnam are some of the most famous in the world, but many of them have had to leave or close some of their shops in the country.
What has happened to the "brand king's" fast-food chains?
VietNamNet Bridge - Having to shut down some shops, Johnathan Hanh Nguyen, a renowned businessman dubbed ‘the branded goods King’, is facing problems with his fast food chains.
Is the franchise boom over?
VietNamNet Bridge - Many investors who once intended to start up business with franchise contracts have given up because of the high investment rate.
Vietnam gains modest achievements in fighting dollarization
VietNamNet Bridge - The State Bank of Vietnam (SBV) has been taking a series of measures to stop dollarization, but the newly released 2015 financial report shows that the goal is still far away.
High risk of bankruptcy exists for iron & steel manufacturers
VietNamnet Bridge - Iron & steel manufacturers can anticipate a tough year 2016, when low-cost products, especially from China, will flow to Vietnam.
Vietnam Airlines proposal for new air carrier raises doubts
The Ministry of Transport (MOT) has been asked to thoroughly consider the Vietnam Airlines Corporation’s (VNA) proposal on setting up a new carrier, a proposal criticised by some as not transparent enough.
India’s satellite tracking station in Vietnam serves as eye on East Sea
VietNamNet Bridge - Binh Duong, HCM City and Dong Nai are being considered by India to set up a satellite tracking station which would allow Vietnam access to images from Indian earth observation satellites.
Fast food chains’ development has slowed down
VietNamNet Bridge - The closure of many fast food shops in recent days has raised a question if the Vietnamese fast food market has become saturated and no longer attractive.
Foreign capital flow unpredictable
VietNamNet Bridge - Foreign investors have been selling more than buying in the Vietnamese stock market. However, analysts still believe the foreign capital inflow to Vietnam will increase in 2016.
VND100 capital can yield VND110 profit
VietNamNet Bridge - While thousands of businesses have had to struggle to survive the recession, many businesses have been prospering. With VND100 in capital, they can make VND110 in net profit.
Vietnam’s exports too reliant on Samsung
VietNamNet Bridge - Vietnam’s economy has been heavily relying on Samsung, whose export turnover accounts for a large proportion of Vietnam’s total export revenue.
TV subscription fee in Vietnam cheaper than breakfast
VietNamNet Bridge - Television stations have lowered subscription fees in a scramble for subscribers.
Shareholders’ meeting season starts, businesses pocket big money
VietNamNet Bridge - Managers of large conglomerates are believed to pocket hundreds of billions of dong worth of dividends this year. Many of them have been leading simple lives and doing big business.
Vinalines plans to sell floating dock at knock-down prices
VietNamNet Bridge - The Vietnam National Shipping Lines (Vinalines) has asked for the Ministry of Transport’s permission to sell an 83M floating dock for VND34.8 billion, or $1.5 million.
Universities train students according to business orders
VietNamNet Bridge - In an effort to improve the training quality and reduce the unemployment rate, many universities and junior colleges haven decided to train students according to orders set by businesses.
Vietnamobile, Gmobile to heat telecom market
New investment plans have been prepared by foreign investors for Vietnamobile and Gmobile with hopes of remapping the telecom market, which has been dominated by big Vietnamese players.
Mekong Delta deals with natural disasters, new hydropower dams
This year’s historic drought and saltwater intrusion have been mostly caused by the extreme El Nino weather phenomenon. If the 11 hydropower dams in Mekong upriver become operational, Vietnam’s Mekong Delta will bear a ‘double disaster’.
Headmasters divided over suspension of students violating traffic laws
VietNamNet Bridge - Under a new decision released by the Hanoi Education and Training Department on March 7, students repeatedly violating traffic laws will be forced to stay away from school for one week.