McDonald’s – the late bird won’t catch the worm? McDonald’s plans to set up its first shop in  KFC has been present in What makes McDonald’s keep so cautious with its plan to penetrate the Vietnamese market? And why did the It’s time for McDonald’s The Vietnamese fast food market has been exploited for the last many years already, but the potentials are still great. The high urbanization speed, the increasingly high consumption demand and the improved living standards all have made the fast food market larger. The Vietnamese average income per capita is $1,500 per annum, but the figures are higher in big cities. In The income is high enough for consumers to be willing to pay $4-6 for a meal at McDonald’s without hesitance. The only thing McDonald’s has to do is to provide food at the high quality to be acceptable to consumers. Analysts have commented that once McDonald’s food can conquer the consumers’ hearts in 200 countries all over the world, it would be not an impossible mission for it to satisfy Vietnamese clients. Rivals go reclaiming virgin soil, McDonald’s harvests Analysts believe that the so called “fast food culture” is the reason behind the McDonald’s decision to come to It took KFC seven years to get Vietnamese familiar to fast food and the western style. During that seven years, KFC had to spend big expenses to lure Vietnamese customers and it had to accept losses. It took Vietnamese, who have been living in an agriculture based economy, to get used with the meals with meat, fizzy and sugared drinks. It is the rivals of McDonald’s who have reclaimed the Vietnamese virgin land. And now McDonald’s doesn’t have to spend money and time to get Vietnamese get familiar to the western food. Meanwhile, being the biggest fast food brand in the world, McDonald’s is believed to quickly attract Vietnamese customers, who have been familiar with KFC or Lotteria. Therefore, McDonald’s, though being the new comer in the market, still has great opportunities to conquer the market. But McDonald’s won’t go on a rosy road Though seeing the great potentials for McDonald’s in McDonald’s has fallen into disgrace in The current circumstances would force McDonald’s to take cautious steps in developing its network in Infonet |
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