Subway, the American fast-food sandwich chain, will open its sixth store
in Viet Nam today (Feb 26) at HCM City''s Now Zone Shopping Complex in
District 1.
Soon after the Lunar New Year the governor of the State Bank of Viet Nam
said the central bank would continue to tell banks to further cut
interest rates on loans to businesses by 1-2 per cent.
A Vietnamese-style fast food industry could develop rapidly in the
coming years as instant rice products increase their presence at
different kinds of outlets in the country.
Following the State Bank of Viet Nam''s decision to lower the deposit
interest rate cap to 7 per cent in June, banks have cut interest rates
accordingly.
The fast food chain McDonald''s has ed Nguyen
Bao Hoang, founder of the Good Day Hospitality company, as the
developmental licensee to build their brand in Viet Nam.