Current location:home page > Food News

McDonald's opens first outlet in Vietnam's Ho Chi Minh

admin2 days agoFood News6
Hundreds of people queued for the opening of the restaurant in the southern city of Ho Chi Minh, AFP…
Hundreds oMcDonald'sf people queued for the opening of the restaurant in the southern city of Ho Chi Minh, AFP says.

Ho Chi Minh, known as Saigon during the Vietnam War, was where the US-backed government was based until it fell to communist forces 38 years ago.

The restaurant is being run by the prime minister's son-in-law.

Henry Nguyen flipped burgers at a McDonald's restaurant while a teenager growing up in the United States, where his family fled at the end of the war.

He said last July, after winning the franchise, it had been his dream to open a McDonald's since returning to Vietnam more than a decade ago.

The move underlines Vietnam's hunger for Western consumer brands and the attractions for foreign investors, say observers.

Despite the Vietnamese economy's recent slowdown, foreign brands are popular among the youthful population whose parents had few of the food and lifestyle options now available in the country.

Starbucks, Subway, Burger King, and KFC all have a presence there.

Mr Nguyen is the founder of travel and food group Good Day Hospitality and managing general partner of investment firm IDG Ventures Vietnam.

He is married to the daughter of Prime Minister Nguyen Tan Dung.

Related articles

Yum's China rebound dimmed by India, Pizza Hut weakness

Yum Brands Inc on Wednesday said its KFC business bounced back in China, its No. 1 market, but its s…

McDonald's feels 'bit deceived' by audit results from China plant

McDonald's Corp Chief Executive Don Thompson said the company feels "a bit deceived" by the audit it…

Debbie and Andrew Keeble's Heck plan beefburgers

Debbie and Andrew Keeble's Heck plan beefburgers

Heck - the premium sausage brand set up by Debbie and Andrew Keeble - is planning a move into burger…

McDonald's shareholders approve chain's executive compensation

McDonald's shareholders approve chain's executive compensation

McDonald's Corp (MCD.N) shareholders on Thursday overwhelmingly approved an advisory measure on exec…

Fresh or chilled asparagus account for half of Peru's air shipments

According to the Peruvian Foreign Trade Society (Comex Peru), Peru exported 74,774 tons of agricultu…

McDonald's, Taco Bell, KFC laggards in U.S. fast-food survey

Fast-food titans McDonald's, Taco Bell and KFC are conquering the globe, but they are losing to the…