Franchise: "Playground" new Vietnam for enterprises
According to economic experts, in terms of deeper integration at present, especially joining the World Trade Organization , the franchise will become one of the important ways of doing business to the Vietnam now holds a market share before the entry of a wide range of retailers, supermarkets abroad.
franchising is a form of cooperation, in which the franchisor gives the right to use the model, trading techniques, products and services under its brand and receive a fee or a percentage of revenue during given.
a were deemed one of the methods of investment uncertainty, especially for business-heartedly n Vietnam is planning to expand into the global market potential as the US, EU or Japan. This form helps businesses penetrate large markets at a low cost is an effective medium to protect the brand of Vietnam enterprises in foreign markets.
About foreign business reviews, v ới background political stability and a young market with the majority of consumers under 30 years of age, Vietnam is a potential market of franchising. The forecast in the near future, this type of business will boom in Vietnam, when many famous foreign brands are aim and also some domestic brands are aggressively implementing new ways of doing business.
She Vu Kim Hanh, Director of Centre for trade promotion and investment of Ho Chi Minh city (ITPC), said corporate America's leading retailers, WalMart is planning also to cooperate in dealing with business city. Some traditional products of Vietnam as craft-art, apparel, food products can potentially apply this model.
For example, the company recently XQ Silk transferred its successful brands in the United States for $ 100,000. Pho 24 with this method also has built 19 stores in the North-Central-South and a store in Indonesia, which has 8 franchise stores. Many businesses are looking to Singapore also looking for partners to Vietnam to the franchise.
Ba Hanh also said, to speed up development of the domestic market, ITPC is planned in collaboration with Vietnamese company founded Club Europe business franchise business in Vietnam.
Trung Nguyen coffee company is in the business m ot the first Vietnam grasp this type of business. Established since mid-1996, so far, Trung Nguyen brand has been present in 64 provinces and cities across the country with over 500 franchised cafes official. This brand has been present in Japan, Cambodia, Singapore, Thailand. Currently, models of Zhongyuan G7 Mart continues to be seen as a breakthrough in the implementation of the franchise to compete with foreign distributors to dominate the retail market.
Comes With Coffee Company Trung Nguyen, Kinh Do Corporation is one of the very successful business model, with a network of 150 distributors and over 30,000 retail outlets throughout the country.
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