WHERE TO START A RESTAURANT BUSINESS IN HO CHI MINH CITY, VIETNAM

Why is Ho Chi Minh City?

Ho Chi Minh City is the biggest city of population, economic, culture exchanges in Vietnam. 12 million peoples are living and working here, cover around the city by a hundred industrial parks, that also a hundred thousand of foreigners have concentrated in this city for their works now. The people in HCM CT they also spend a lot their money that almost reach 50% for food enjoyment. So restaurant industry become the most profitable earning until now.

Center or suburb district?

The real central district of HCM CT is only included District 1,2,3,5,7,10. These area concentrate a lot luxury restaurant that server for a class of business man and rich people so the rending cost also is the most expensive. A place for hiring for restaurant business can be over $20,000 for a median acreage.

The near central districts included are District 4,6,8,9, 11,12, Thủ đức, Bình thạnh, Phú nhuận, Tân bình, Gò vấp. These districts are not so far from the center of the city, you still have a good business there and the rending cost lower than the central districts.

The suburb district are Bình chánh, Hóc môn, Cần giờ, Củ chi. There area are quite far the center, if you have a restaurant here, it’s proper if you consider to put it near the industrial parks or near the group of companies to attract guest from the companies. Of course the cost of hiring is cheaper than the central districts.

Front of street or in alleys?

Depend on your total fund, restaurant concept, and advertising competence you will decide to put the restaurant on the main street or small street. But here some points you should pay attention:

Main street in Ho chi Minh City usually used for big restaurant with high cost investment. With a huge volume of people crossing every day, these restaurant have advantage to attract foreign diners and rich people, by their reputation it also suit to be make important event such as holding a conference, business greeting, wedding..

Keep your eyes to dinning towns, these areas usually are on a group small streets with foods and beverage bar, restaurants, foods vehicles, fast food shop..these business are working closely and uproariously, because long time operation it become well known and every body come up for their favorite foods. If you put the restaurant here, it’s advantage for you. Some of such dinning towns are Su Van Hanh street, Thanh thai street(Dist.10),  Cuisine town Vinh Khanh (Dist. 4), Lữ gia town(Dist. 10), market 200 (Dist. 4), Alley 14 – Tran Binh Trong (Dist. 5)..

And finally, if you have less money, let think of to a restaurant in alleys, the cost of rending is no problem, it’s extremely popular recently. Delicious foods, cheap price, friendly service that will attract your customers.

Notice: Limit to put your restaurant on a 1-way street, your customer will be hard to access your place except it’s very famous restaurant.

Who is target customer?

Analyzing population construction is important before verifying who is target customer, if the group of prospect customer is so small you may don’t have much profit. So you have to define the most popular class of specified customer you want to serve to build the concept of restaurant and choose where to start a restaurant bussiness.