Vietnam Communist Hanoi Gets Its First McDonald’s

Global burger behemoth McDonald’s opened its first branch on Saturday in the historic heart of communist Hanoi, a conservative city renowned for its traditional and cheap Vietnamese staples beloved by food-obsessed locals.

Hungry customers lined up for Big Macs and Chicken McNuggets at the Vietnamese capital’s first location overlooking the tree-lined Hoan Kiem lake, in a city that draws millions of tourists annually to see French-era colonial buildings and sample street-food favourites like pho noodle soup and banh mi sandwiches.

The restaurant is the first outside of the southern commercial hub Ho Chi Minh City, where 16 branches have opened since McDonald’s first came to Vietnam in 2014 to much fanfare, especially among the rapidly-growing middle class and American-obsessed youth.

Curious tourists stopped to see what all the fuss was about, perplexed that a brand ubiquitous in the West would draw so much attention.

“It’s kind of random to see McDonald’s opening… it’s an interesting cultural experience to see how important it is that the store is opening here,” American Dan Moore told AFP, after his wife remarked she might not have expected to find one of the most salient symbols of capitalism in the communist country.

The one-party state has seen dizzying economic growth in recent years as it has opened its doors to foreign investment, which has included an influx of western chains like Starbucks, KFC and Burger King.

Vietnam Communist Hanoi Gets Its First McDonald's

Growth in the fast food sector has been buoyed by rapidly rising incomes annual per capita income has more than doubled in the past decade to about $2,100 today especially among under-30s, who make up half of Vietnam’s population of 93 million people.

The man who brought the chain to the country, Henry Nguyen — who once flipped burgers for McDonald’s in the United States where he grew up after his family fled the war — said the Vietnamese market has great potential.

“Vietnam is on a growth trajectory that we believe that in five years, 10 years, 20 years, is going to be a fantastic market and to be able to try to capture that opportunity, you need to be able to build from today,” said Nguyen, who is the son-in-law of former prime minister Nguyen Tang Dung.

The fast food industry in Vietnam has seen double-digit growth annually for the past five years, and the country has the highest 2017 growth in Asia-Pacific for fast food chains, according to market research firm Euromonitor International.

News Reporter
Folakemi Awoyo is a former Journalist, T.V news and programme presenter base in Germany. Passionate about writing the communication specialist is set to quench your taste for unbiased news stories happening in Africa and around the globe. Folakemi believes that half truth imprisons, that is why Tatahfonewsarena is set to give its readers a diaspora breaking gossip news and celebrity gist experience that makes it possible to know something about everything. Folakemi is currently a communication specialist, life coach, with a B.sc in Mass Communication, MA Communication Management with an ongoing Ph.D degree. Nice To Meet You.

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