VietNamNet Bridge - Foreign brands have been flocking to Vietnam, creating a “franchise wave” in which more Vietnamese are taking part. GS25 has officially set foot in Vietnam South Korean retailer GS25 officially set foot in Vietnam in 2017 through a franchise contract and a joint venture with Vietnam’s Son Kim Land. CEO of GS25 Vietnam Yun Ju Young said GS26 plans to open 2,500 shops in the country within 10 years. Meanwhile, 7-Eleven, the biggest rival of GS25, stated that it would open 1,000 shops in the next 10 years. The giant registered a franchise contract with Seven System Vietnam in Vietnam in 2015, but it only opened the first 7-Eleven convenience store in HCMC two years later. GS25 was one of 31 franchisers registered in Vietnam in 2017, according to the Ministry of Industry and Trade (MOIT). The franchisers are mostly from the UK, US, France, Taiwan, Hong Kong and Japan, and they mostly operate in the fields of food & beverage … [Read more...] about Franchise market still promises great opportunities
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International donors to plough billions into Lebanon
PARIS — International donors are set to give the green light to a US$10-billion investment plan for Lebanon at a conference in Paris on Friday, hoping to stave off an economic crisis. Lebanon’s economic growth has plummeted due to repeated political crises, compounded by the Syrian war which has sent a million refugees across the border — equivalent to a quarter of the Lebanese population before the conflict. Some 41 countries are sending representatives to the CEDRE conference along with officials from the World Bank, International Monetary Fund and other global bodies. "This support is a means of building a safety wall between Lebanon and troubles elsewhere in the region at a time of huge political uncertainty," said an aide to French Foreign Minister Jean-Yves Le Drian. The office of French President Emmanuel Macron, who will close the conference, said donors were set to approve an investment plan that would notably pour cash into Lebanon’s … [Read more...] about International donors to plough billions into Lebanon