July 16th, 2013
06:00 PM ET
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McDonald's plans to open its first restaurant in Vietnam, the fast food company said Tuesday, making it the latest U.S. brand to move into the communist country that was once at war with the United States.

McDonald's says it has awarded a franchise for a location in Ho Chi Minh City that should open early next year.

The franchise was awarded to Henry Nguyen, a Vietnamese businessman who was born in Vietnam but came to the United States as a child with his family. He attended Harvard University as an undergraduate and received a medical and business degree from Northwestern University.

Nguyen then worked as an associate at Goldman Sachs in its technology group before deciding to return to Vietnam. He is the managing general partner of IDG Ventures Vietnam, the first technology venture capital firm in the country, and is the son-in-law of Vietnam's prime minister, Nguyen Tan Dung.

Read - McDonald's to open in Vietnam



soundoff (4 Responses)
  1. This or that

    Do they "love you long time" at McDonald's?

    July 17, 2013 at 12:52 pm |
    • just-saying

      No Happy Meals...Just Happy Endings...

      July 17, 2013 at 3:29 pm |
  2. just-saying

    This guy wouldn't be where he's at if it wasn't for Daddy VC. A medical and business degree goes to show he's more into material self than humanity by choosing the latter. To escape a communist regime just to come back and marry into it is no country for this traitor.

    July 16, 2013 at 7:07 pm |
    • user1

      i couldn't agree more..that guy needs a slap in the face..what a traitor!

      April 21, 2014 at 12:18 am |
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