The Ministry of Culture, Sports and Tourism have proposed tighter business conditions for restaurants to serve tourists, which has faced the public opposition. The ministry is seeking different agencies, ministries and the public for the proposal before adding it to the Law on Tourism. According to the ministry, restaurants must have at least 50 seats and allow card payment to be eligible to serve tourists. Illustrative photo. Foreign tourists at a restaurant in Vietnam When fulfilling the standards along with other already-regulated criteria, they will be granted with signboards for being recognised. Lots of tourism companies and experts expressed their disagreement with the regulation. According to the Vietnam Chamber of Commerce and Industry, the number of seats does not reflect quality and service standards. The regulation would cause problems for many restaurants. For instance, in cases where restaurants want to arrange fewer seats to have … [Read more...] about Unrealistic business conditions for tourism food services criticised
Vietnam food service
Food service market heating up as foreign investors jump in
VietNamNet Bridge – A lot of foreign investors are hunting for business premises on advantageous positions, preparing to pour their capital into the food service market – the market with great potentials. The commitment on opening the market to foreign food service providers would only be valid in the next few years. However, the move by foreign investors from Japan, South Korea, China and Singapore to look for premises right now shows that they have begun learning about the market. Early birds can catch worms Takayuki Hisano, Director of a Japanese restaurant chain, said that he is learning about the opportunities in the Vietnamese food and drink market. Highly appreciating the opportunities in the business field, he has decided to spend 1.5 million dollars to open Japanese style restaurants in the central areas of HCM City, including districts 1, 3, 4, Phu Nhuan and Binh Thanh. According to the Japanese businessman, though the national economy is in … [Read more...] about Food service market heating up as foreign investors jump in
Vietnam’s service sector attracts Japanese investors
(VOVworld) – Vietnam’s service sector, especially food and restaurant businesses, drew much attention from investors at a recent conference in Tokyo. The event was hosted by the Japan External Trade Organization (JETRO) to promote investment in the service sector of Vietnam, the Philippines, and Indonesia. The Vietnamese service providers Vingroup, Saigon Trading Group, Golden Gate, and Takahiro Food introduced their strengths and Vietnam’s investment climate. They were praised by JETRO for their great potential in service and food catering. In Abenomics - the economic policy of the Japanese government - Prime Minister Shinzo Abe highlighted the export of Japanese traditional dishes as a key to the growth strategy to restore Japan’s economy. Japanese investors consider Vietnam a promising market in Southeast Asia thanks to similarities in culture and consumer taste. Japanese service providers want to rapidly penetrate into Vietnam where the world’s … [Read more...] about Vietnam’s service sector attracts Japanese investors
Franklin Templeton plans to invest $3 bln in Vietnam’s service sector
The company's investment portfolio will include restaurant chains, tourism service providers and logistics companies, CEO Mark Mobius was quoted as saying at a press conference that same day. Since it came here in 1996, Franklin Templeton has invested over $200 million into local listed companies, including pharmaceutical companies and PetroVietnam's subsidiaries, he said. The company has also bought into Huy Vietnam Food Processing Company, which operates dining chains such as Pho Ong Hung and Mon Hue with nearly 100 outlets. … [Read more...] about Franklin Templeton plans to invest $3 bln in Vietnam’s service sector
Convenience costs Vietnam’s out-of-home food service industry
If you were in the business of opening convenience stores in Vietnam this year, it’s been another big one.However, the continued emergence of the channel hasn’t been without its fallouts. DisruptionAccording to a presentation by Ho Chi Minh City-based market research firm Decision Lab this month, convenience stores are disrupting Vietnam’s out-of-home food service industry ‘in a fundamental way.’Tracking performance since April 2016, data from the agency’s Foodservice Monitor*, which is based on thousands of continuous online interview responses by consumers in Ho Chi Minh City, Hanoi and Da Nang, suggests that the continued expansion of convenience chains like Family Mart, VinMart+ and Circle K, is not only diverting foot-traffic away from mid-to high-end food outlets, but has also devalued the market by sparking a voucher war.Responding to a question about what they’d eaten or drank out of home yesterday, a sample of 18,000 responders … [Read more...] about Convenience costs Vietnam’s out-of-home food service industry