{"id":220816,"date":"2019-06-29T03:26:52","date_gmt":"2019-06-29T07:26:52","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=220816"},"modified":"2019-06-29T03:26:52","modified_gmt":"2019-06-29T07:26:52","slug":"jollibee-expands-presence-in-vietnam","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/06\/29\/jollibee-expands-presence-in-vietnam\/","title":{"rendered":"Jollibee expands presence in Vietnam"},"content":{"rendered":"
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Homegrown fast-food giant Jollibee Foods Corp. (JFC) is expanding its footprint in Vietnam as it plans to put up 20 to 30 new stores a year.(Photo<\/a>: Jollibee\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— Homegrown fast-food giant Jollibee Foods Corp. (JFC) is expanding its footprint in Vietnam as it plans to put up 20 to 30 new stores a year.<\/p>\n

\u201cWe look at the population of Vietnam which is close to 95 million, about the same in the Philippines and still fast-growing market so there is a lot of opportunities,\u201d JFC Chief Executive Officer Ernesto Tanmantiong told reporters after the company\u2019s stockholders\u2019 meeting on Friday.<\/p>\n

JFC Chairman Tony Tan Caktiong is optimistic that Vietnam can replicate the Philippine market.<\/p>\n

As of March 31, 2019, JFC was operating 421 restaurants outlets in Vietnam, including Jollibee brand -117; Highlands Coffee – 284; PHO24 -18; and Hard Hard Cafe -2.<\/p>\n

It was operating 3,141 restaurants outlets in the Philippines.<\/p>\n

Meanwhile, Tan Caktiong said the company is studying a plan of bringing its joint venture behind the Highlands Coffee brand to Vietnam\u2019s stock market.<\/p>\n

\u201cWe are looking into that we’re reviewing that timetable. we’re looking at the entire business,\u201d he added. \u201cThe business by the way is doing very well. It’s one of our fastest growing businesses and one of the most profitable in terms of margin and one of the highest returns on investments.\u201d<\/p>\n

In 2019, JFC is looking to open about 500 stores worldwide, half of which is located in the Philippines and the remaining stores in markets abroad.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Homegrown fast-food giant Jollibee Foods Corp. (JFC) is expanding its footprint in Vietnam as it plans to put up …<\/p>\n","protected":false},"author":44,"featured_media":89525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-220816","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/220816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=220816"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/220816\/revisions"}],"predecessor-version":[{"id":220818,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/220816\/revisions\/220818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/89525"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=220816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=220816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=220816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}