DO NOT Open A Franchise In Vietnam! (If You haven't WATCHED THIS!!!)

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  • Опубліковано 23 лис 2024

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  • @karlweaver2597
    @karlweaver2597 Місяць тому +1

    When I visited HCMC, I went to a coffee shop with excellent SE Asian Style black tea drink! (Adding condensed milk like Hong Kong and Hainan)), it was great! I feel Vietnam is actually a very open minded country with their own independent spirit for entrepreneurship! Cheers

  • @andrewloi5320
    @andrewloi5320 Рік тому +10

    Xin chao, without any hesitation, I have always given your videos a thumbs-up as they all seemed very informative based on the captions. And all your new videos come with a notification as I am subscribed to your UA-cam channel. Keep up the good work! Stay safe & cam on ban!

    • @duongglobalbusinessconsulting
      @duongglobalbusinessconsulting  Рік тому +2

      Andrew, thank you very much for the kind words and support. They mean a lot to us.

    • @vle5063
      @vle5063 Рік тому

      Like your videos , very informative.

  • @Cuyt24
    @Cuyt24 Рік тому +1

    I'm an American who has lived in South Korea for the long term and have started successful businesses in Korea. I recently visited Vietnam on vacation, and I was impressed by how developed it is and how the GDP is growing. I think Vietnam is what Korea was 30 years ago, but with better demographics. They gave a reverse pyramid demographic. I would be interesting to set up a small business in Vietnam catering to Korean tourists in Danang.

  • @stevenyellow7638
    @stevenyellow7638 Рік тому +6

    The 5 points he bring out mostly for the business mind benefit for him only
    I have 5 points why most of fast food franchise and some brand names can’t survive in Vietnam
    1. 90% still live in poverty …no middle classes
    2. Ordinary manufacturers workers make about average between $200.00-$400.00 US dollars a month can’t afford $10.00 US dollars for lunch
    3. Why you open business in the poor country with government greedy corruption
    4. Foreign business can’t compete with local business
    5. You have to pay too many different taxes and bribery

    • @lily_san457
      @lily_san457 Рік тому

      Đừng chỉ nghe và đoán,muốn biết hãy đến đó mà tìm hiểu sẽ có câu trả lời.

    • @hoangngo8495
      @hoangngo8495 Рік тому +2

      The last point: Fast food tastes like shit.

    • @ngohung031
      @ngohung031 Рік тому

      @@hoangngo8495 agree

    • @ngohung031
      @ngohung031 Рік тому

      @@lily_san457 câu trả lời cho cái gì ?

  • @Jojosmith342
    @Jojosmith342 8 місяців тому

    thumbs up for another excellent video. Thanks Ken for all your dedication to share your info 👍

  • @ethanlee7662
    @ethanlee7662 6 місяців тому

    Excellent video, i love how you are actually using facts and data.

  • @nguyendinhdat2692
    @nguyendinhdat2692 Рік тому +1

    Vietnam one of the most economic growth incredible

  • @marcusce6713
    @marcusce6713 8 місяців тому

    It would be great see a model plan. Example Highland coffee on set up and initial capital along with equipment. Then give an example of projected income less expenses. Understandable this based on a model but may wet the appetites of future investors.

  • @ijordan9960
    @ijordan9960 Рік тому +1

    Cool video. I am surprised McDonald's did not come to Vietnam until 2014.

  • @ganghis85
    @ganghis85 Рік тому

    Great video and great information Ken. Keep up the good work boss man.

  • @tommasomeacci1105
    @tommasomeacci1105 Рік тому +2

    Thank you for this video! Could you consider making a video on investing in international financial markets (stocks, ETFs, bonds) from vietnam. some possible topics Create a company vs private investments, Where to setup the broker and how to deal with the law. Thank you

    • @edgregory1
      @edgregory1 Рік тому

      Here are two etf symbols for VN traded on the nyse: VNM ; VNAM.

  • @awardnguyeningtea
    @awardnguyeningtea Рік тому +2

    Hi! Could you do a video about where is the best to do currency exchange from USD to Dong?

  • @MrJcmoore
    @MrJcmoore Рік тому

    Exactly the information I’m looking for - thx.

  • @ykievzki9837
    @ykievzki9837 Рік тому +1

    Brilliant Info.. Cheers$!

  • @drewcorry5056
    @drewcorry5056 Рік тому +2

    1 Word Outstanding

  • @wille.garcia4005
    @wille.garcia4005 Рік тому +1

    me and my girlfriend (non Vietnamese ) our looking for citzenship as the u.s is becoming horrble too live in what is the fastest way for someone too become a citizenship I will get rid of u.s citzenship if needed .

    • @duongglobalbusinessconsulting
      @duongglobalbusinessconsulting  Рік тому

      Thanks for your comment. If you are planning to renounce your U.S. citizenship (like thousands per year), we recommend getting a strong passport first so that you can still travel around the world visa-free and possibly optimize your taxes. Thus, the fastest way is to purchase a citizenship by investment program. Depending on your needs, we can guide you through the process and select the citizenship that suits your needs.

  • @Susgussss
    @Susgussss Рік тому +1

    I wasn't planning on it

  • @Japan24k
    @Japan24k Рік тому

    Starbucks is not a Franchise unless they sell them in Vietnam. They are all owned by Starbucks corporation unlike McDonalds and other franchises.

  • @kwoktsui9967
    @kwoktsui9967 Рік тому +2

    👍👍👍👍👍👏👏👏👏👏

  • @saeftyfaist2330
    @saeftyfaist2330 Рік тому

    Haw are you big boss from oman

  • @um8440
    @um8440 Рік тому

    Never open a 7/11 store anywhere in the world, they are the worst to open, even mcd cant make it in vn, starbuck will have a big problem there.

    • @duongglobalbusinessconsulting
      @duongglobalbusinessconsulting  Рік тому

      Can you please elaborate?

    • @um8440
      @um8440 Рік тому +1

      @@duongglobalbusinessconsulting 7/11 want 1/2 of your earning every month, people in vn dont eat mcd its too expensive for them, they rather eat banh mi, same with starbuck, vn is the second country in the world to export coffee behind brazil people go to starbuck for the fame, they dont go for the coffee, starbuck wont make it in vn.

    • @msbrownbeast
      @msbrownbeast Рік тому +1

      KFC seems to be doing just fine in Vietnam, but McDo can't do it, they must be doing something wrong. Re/711, there's too much competition in VN for convenience stores.

    • @um8440
      @um8440 Рік тому

      @@msbrownbeast kfc is good, they like chicken over there in vn, its not that 7/11 got too much competition, the owner of 7/11 have to share their profit with corp and that is 50%, oh and dont even think about little pizza they are the second worst to be an owner of.

    • @msbrownbeast
      @msbrownbeast Рік тому

      @@MrRatclima Don't have an answer but it seems to me the 711 stores in Japan have a much better products variety.

  • @syarizansulaiman6554
    @syarizansulaiman6554 Рік тому

    So foreign factory 🏭🏭🏭 don't come Vietnam

  • @lescommercantesdindochine1954

    "McDonald's" & "high quality product" in the same breath made me laugh.