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[US fast-food giant McDonald's has opened
its first restaurant in communist Vietnam nearly 40 years after the end of the war which ended in defeat for America. The arrival of one of the most enduring symbols of US capitalism in Ho Chi Minh City - formerly known as Saigon from where American troops dramatically withdrew in 1975 - is the result of a business partnership with the son-in-law of Vietnam's powerful Prime Minister Nguyen Tan Dung. McDonald's follows US rivals Burger King, KFC and coffee giant Starbucks into Vietnam, which have all been drawn by the country's rising affluence. At the opening on Saturday, hundreds of people - mostly young students or families with children - queued at the McDonald's store on Dien Bien Phu street, named after the battle that ended French colonial rule in Indochina.] ![]() The menu is priced to appeal to Vietnam's aspirational middle class Big Mac costs about $2.85 (£1.74) at the Vietnamese outlet, while a bowl of traditional pho noodle soup can be bought on most street corners for around $1.50 (90p). [The higher price of a burger positions McDonald's as an aspirational dining option accessible only to the middle class, say economists. For the first time last year, overall consumption of rice in Vietnam began to fall slowly as the country's newly-wealthy look to alternative foods, according to a 2013 World Bank report.] http://news.sky.com/story/1208645/mcdonalds-opens-first-restaurant-in-vietnam Sign Of The Times Last edited by arista; 08-02-2014 at 04:49 PM. |
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