Vietnam did not provide a comprehensive legal framework for franchising until 2006. Even though examples of American gas station franchises could be found before 1975, businesses only really started to develop here from the mid-1990’s in the food and beverage domain with brands such as KFC or Lotteria. In absence of specific regulations, franchises were mostly implemented though agreements such as trademark licences and tech transfer agreements. The 2005 Commercial Law No.36/2005/QH11 provided basic regulations related to franchising but it was only with the issuance of the following year’s Decree No.35/2006/ND-CP detailing implementation of the law, and Circular No.09/2006/TT-BTM guiding commercial registration that Vietnam provided a rather comprehensive regulation related to franchising. Decree 35 did not however provide a clear definition of agreements. Even though the Commercial Law gave a general definition, more specifications in Decree 35 would have prevented … [Read more...] about Implementing a solid franchise foundation
Franchise opportunities new jersey
The methods and requirements needed for franchises to thrive
Many chain franchise brands have developed in Vietnam, with popular brand names popping up in fast food, catering, education, healthcare, beauty, and entertainment. Sean T. Ngo, founder and CEO of franchising consultancy VF Franchise Consulting, talked with VIR’s Thanh Van about some insight into Vietnam’s franchising market and how it is creating opportunities for major international names. Vietnam’s food and beverage industry is brimming with opportunities. What is your view on the franchising aspect in the field? Many international fast food chains see great long-term potential for Vietnam with its nearly 100 million potential consumers who are continually seeking different and better quality of service. We continue to see not only rising interest in fast food chains wishing to enter Vietnam, but also increasing interest from other chains in snacks and deserts, drinks, fast-casual, casual dining, and to a limited extent, fine-dining … [Read more...] about The methods and requirements needed for franchises to thrive
Vietnam gets new jersey ahead of first Asian Cup 2019 game
The new home kit of Vietnam's national men football team. Photo courtesy of Grand Sport After winning AFF Cup title last year, Vietnamese men's football team are set to don new jerseys in 2019. The new dress kits, designed by Grand Sport, will have the traditional red and golden colors at home, while the away outfit will be in white. Both kits will have the dynamic arrow pattern. As usual, the national flag of Vietnam will be 3D printed on the left side of the chest, while the right side will carry the apparel logo. The back of the collar will also have a small golden star. The sleeves will be etched with small details, using laser technology. The away kit in white. Photo courtesy of Grand Sport This jersey is also made from a new type of fabric that brings "ultimate comfort optimum ventilation, tuned breathability and lightweight mobility," said the Bangkok-based sports clothing company. Vietnamese players Nguyen Quang Hai, Doan Van Hau, Bui Tien Dung (defender), Luong Xuan … [Read more...] about Vietnam gets new jersey ahead of first Asian Cup 2019 game
Franchising takes Vietnamese brands to the world
RedSun ITI has taken its chain of Truly Viet restaurants to Australia under the franchise model.— Photo RedSun ITI RedSun ITI has taken its chain of Truly Viet restaurants to Australia under the franchise model. It has set up a joint venture with an Australian partner to open the first restaurant in Melbourne with a menu that features four popular traditional Vietnamese dishes, goi cuon (fresh spring roll), pho (noodle soup), banh mi (Vietnamese sandwiches), and bun cha (vermicelli with grilled pork and fresh herbs). The company’s deputy director, Le Vu Minh, said the dishes have been tweaked to suit local palates. RedSun ITI has already negotiated with partners in Laos to open a chain of King BBQ restaurants there. Founded in 2008, RedSun ITI now operates several restaurant brands -- King BBQ, King BBQ Buffet, ThaiExpress, Seoul Garden, Khao Lao, Hotpot Story, Sushi Kei, and Capricciosa -- with 140 restaurants nation-wide. It launched its first franchise concept, King … [Read more...] about Franchising takes Vietnamese brands to the world
J&J baby powder litigation takes new focus with asbestos claims
FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. Photo source: REUTERS/Lucas Jackson/File Photo The ruling was in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J's baby powder. J&J has been battling some 6,000 cases claiming its baby powder and Shower to Shower products cause ovarian cancer. The verdict by a New Jersey jury last week, however, involved a different form of cancer that is clearly linked to asbestos. Plaintiffs lawyers claim that internal J&J documents seen in that trial show that baby powder had been contaminated with asbestos. They now plan to use the documents in upcoming ovarian cancer trials to allege that the asbestos contamination also caused that form of cancer. J&J and Imerys Talc America, a unit of Imerys SA, have vowed to appeal the New Jersey verdict and deny asbestos has ever been present in their products or that their talc can cause any … [Read more...] about J&J baby powder litigation takes new focus with asbestos claims