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Singapore’s franchises eye Viet Nam   2010-03-29 - Viet Nam News

Singapore companies see Viet Nam as a 'hot-spot' for franchise investment, director of Singapore's Astreem Corporation Pte Ltd. Hsien Naidu said at a press conference last week to announce a coming franchise seminar.

Pho 24, a popular noodle soup restaurant, is offering its business partners an opportunity to join a franchise system.

Ten Singapore franchise companies in the food, beverage and lifestyle sectors including Pasta Mania, Polar Puffs, 3-Monkeys Cafe, Worldwide Wings, Kooshi, Animal and TTQ Massage would seek franchises in the Vietnamese market in the coming month, he said.

The seminar called Franchise Viet Nam 2010 will be held in HCM City on April 9 for franchisers to meet and develop more business here.

It will provide business owners with franchising knowledge and opportunities to expand their businesses locally and across borders. Established brands from Singapore that are ready to enter the Vietnamese market will be represented.

Dr.T.Chandroo, deputy chairman of Singapore's Franchising&Licensing Association and chief executive Officer of Modern Montessori International said Viet Nam's population of 86 million, 65 per cent of them under 35, was open to modern services, making it a good opportunity for Singapore franchise companies.

Bui Le Quan from Viet Nam Chamber of Commerce and Industry Exhibition Services Ltd.Co. said the Viet Nam franchising market was estimated to experience 20-30 per cent growth annually.

Viet Nam currently has 100 international brands operating franchising agreements with local partners, according to Quan.

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