Market analysis
fast food business in Vietnam are foreign investors evaluate the potential for Vietnam's population of more than 80 million people, of which 65% are young people under the age of 35 and about 90% of consumers in Vietnam no fast food habit. So this will be a promising market that investors need to be exploited in the future. But the market share of Vietnamese brands quite meager, mostly foreign brands. Currently, foreign firms holding over 70% of the fast food market in Vietnam. According to investors, the fast-food shops to open a need to calculate population density, traffic volume, revenue expectations, market development plans. Approximately recent years, the average growth rate of 12-15 stores per year fast food, most of which lies in the crowded intersection, and concentrated in the busy downtown area. While the fast food business in Vietnam are foreign investors interested in the domestic investors are not interested. In addition to poor management skills, financial capabilities, the characteristics of Vietnamese food other than this type. According to Nguyen Thanh Duong, fast food market in Vietnam is currently flourishing with 19,700,000 transactions per year respectively, 869 billion VND brought back revenue. The growth of this sector is at around 26% / year. However fastfood with significant features are the handy, but not in line with Vietnam and healthy taste for health. Currently, this model is to serve the Vietnamese people fast, not fast food, so customers only takes 5 minutes to get the food they require, such as noodles, bread, sticky ... But in fact arrivals fast food outlets not only for food but they also want to enjoy the atmosphere, the style that make up the brand. This is the biggest challenge of the Viet Nam now. Another reason to make fast food market is underdeveloped due to traffic by motorcycle is not convenient for the consumer can just drive, just fast food. Fast food production in the form of industrial processing so often affordable price while the development direction of the fast food chain in Vietnam has more advanced section.
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