Franchise: "the playground" for new businesses to VietnamAccording to world economic experts, in conditions of deeper integration, is joining the World Trade Organization, the franchise will become one of the important business methods to the Vietnam business retain market share before the penetration of bulk retail Corporation , foreign supermarkets.Franchising is a form of cooperation, in which, on the franchise awarded to franchisees use business techniques, models, products and services under your brand and get back a fee or a percentage of revenue in the fixed time.DD there is considered one of the sure investment method, especially for Vietnam business don't currently have plans to expand into the world market potential such as the us, EU or Japan. This forms just help businesses dig into big markets with low-cost effective medium to protect trademark of Vietnam business at the market overseas.Foreign business reviews, with stable politics and a young market with the majority of consumers under 30 years of age, the Vietnam are is where the potential of the franchise. Forecasts in the coming time, the form of this business will break out in Vietnam, when many famous foreign brands are undergoing and some domestic brands are already implementing this new trading method.Ms. Vu Kim Hanh-the Director of the Center for trade promotion and investment in Ho Chi Minh City (IPTC) said, the leading retailer of America, WalMart also is planning to cooperate with enterprises of the city. Some items such as Vietnam's traditional craft-art, apparel, food is the potential product can apply this model.For example, past XQ hand embroidery Silk company was the successful transfer of your trademark in the United States with 100,000 USD. PHO 24 with this method has also been building 19 store in North-Central-South and a store in Indonesia, which has eight franchise stores. Many Singapore businesses also are seeking Vietnam partners to franchise.Mrs. Almond also said, to accelerate the pace of development of this market in the country, the current IPTC plans to coordinate with Vietnamese companies in Europe established the clubhouse business franchise business in Vietnam.Central Plains coffee company is one of the first Vietnam business to capture this business form. Be established from mid-1996, to date, the brand was in the Central Plains of 64 provinces and cities across the country with more than 500 franchised cafes. This brand also had been in Japan, Cambodia, Singapore, Thailand. Currently, G7 Mart model of Central Resources continue to be viewed as breakthrough in the implementation of the franchise in order to compete with the foreign distributor to dominate the retail market.the uniform with the coffee company, Central Plains Capital Corporation is also one of the very successful business with this model, with a network of 150 distributors and over 30000 wide retail points in the country.
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