American quick meals chain McDonald’s is ready to shut one in every of its oldest shops in Ho Chi Minh Metropolis.
The Ben Thanh location in District 1, which opened in 2014, would cease operations at 2 a.m. Thursday, the chain mentioned in a Fb submit with out revealing the explanation for it.
It was the chain’s second restaurant within the metropolis.
After its closure, McDonald’s may have 35 shops in Vietnam, together with 17 in HCMC.
One other main American F&B chain, Starbucks, shut down a retailer at a main location in District 1 final month after seven years.
Rents for high-end retail property in HCMC surged to a document US$280 per sq. meter on common within the first half of the yr attributable to restricted provide.
It represented will increase of 18% enhance year-on-year and 60-70% from 5 years in the past, based on property consultancy CBRE Vietnam.