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World fast-food revenues slow in Vietnam, struggling to lure local consumers

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 South Korea office raided in burger probe: reports

 South Korean investigators raided the Seoul office of McDonald’s Corp on Wednesday, following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, 

McDonald's to cut global antibiotic use in chickens

 McDonald's Corp on Wednesday said that it would begin curbing the use of the high value human antibiotics in its global chicken supply in 2018, as the fast-food giant joins a broad effort to battle dangerous superbugs.

Vietnamese supermarkets restrained by bikie culture

VietNamNet Bridge – In a recent conversation with the CEO of one of Vietnam’s hypermarkets, he told me when they opened their first such huge store he didn’t realise the average spend per customer would be so low.

China suspends McDonald's and KFC's meat supplier

 Chinese branches of fast food chains, including McDonald's and KFC, have stopped using meat from a supplier in Shanghai following allegations it sold them out of date meat.

McDonald’s plans five restaurants this year

 VietNamNet Bridge – Fast-food giant McDonald’s plans to have a total of 4-5 restaurants in Vietnam this year as part of an ambitious goal for around 100 restaurants in the next decade, McDonald’s Vietnam said.

BUSINESS IN BRIEF 15/5

HCM City hosts int’l business forum; McDonald’s to publicise nutrition facts in Vietnam; Firms eye agriculture as lucrative new field; Shrimp exports to US up two-fold over last year; Eight banks to pilot credit link

Second McDonald’s Vietnam restaurant complete

 VietNamNet Bridge – McDonald’s is finishing its second Vietnam restaurant located in Ho Chi Minh City’s heart for a soon opening.

Hesitancy may spoil McDonald’s future in Vietnam

 VietNamNet Bridge – The US fast food giant McDonald’s may not gain market share as quickly as planned, due to its late arrival in Vietnam vis-à-vis its rivals, experts say.

McDonald's Vietnam served 400,000 customers in the first month

 VietNamNet Bridge - According to McDonald's, its first branch in HCM City, which opened on February 8, served more than 400,000 customers in the first month of operation.

McDonald’s hamburger shows dong undervalued

 VietNamNet Bridge – The Vietnam dong is believed to be undervalued by 39 percent if compared with the US dollar.

McDonald’s’ future in Vietnam questionable

 VietNamNet Bridge – Being a “big cheese,” McDonald’s has been meeting big difficulties in Asian markets. It is still unclear if Vietnam can save McDonald’s from its failures in Asia.

Market heats up as super brand McDonald’s arrives

 The world’s largest fast-food chain McDonald’s will officially open its first restaurant in Vietnam this month.

BUSINESS IN BRIEF 27/1

 Date set for opening of first McDonald’s restaurant; FPT wins financial management system project in Cambodia; MoIT launches index to monitor co-operation trends; Petrol firms anticipate strong year

Rivals prep for McDonald’s arrival

 VietNamNet Bridge – The presence of McDonald’s, the world largest food service retailer, could force other key players in Vietnam’s fast-food market to restructure.

McDonald’s is coming to Vietnam

 VietNamNet Bridge – McDonald’s plans to open restaurants in Vietnam, with the first to open in Ho Chi Minh City "in the next two years".