McDonald's closes most prime store in HCMC after 10 years of operation

Recently, on McDonald's Facebook page, there was information about the closure of the Ben Thanh branch at 2-2A Tran Hung Dao, Pham Ngu Lao Ward, District 1, Ho Chi Minh City. This is one of the first stores of this fast food chain in Vietnam. 

"Although we don't want to say goodbye, at 2:10 a.m. on September 19, 2024, McDonald's Ben Thanh will close its XNUMX-year journey full of emotions," McDonald's informed about the time McDonald's Ben Thanh store will close. 

McDonald's appeared in the Vietnamese market since February 2014 month with the first store at 2-6 Bis Dien Bien Phu, Da Kao Ward, District 1, Ho Chi Minh City. This is also the headquarters of McDonald's Vietnam. At that time, the American fast food brand said it would open 100 stores in 10 years. 

However, 10 years have passed, and up to now, McDonald's only has 36 stores in provinces and cities such as Ha Noi, Hai Phong, Da Nang, Khanh Hoa, Binh Duong, Dong Nai and Ho Chi Minh City. With McDonald's Ben Thanh closing, this fast food chain has only 35 stores nationwide and 17 stores in Ho Chi Minh City. 

24/7, McDonald's Ben Thanh is located on the frontage of Tran Hung Dao Street and not far from Ben Thanh Market. This store has a scale of 3 floors, a construction area of ​​660m2, and a capacity of about 260 guests. With a prime location in the bustling center of Ho Chi Minh City, this store is often very crowded. 

Although McDonald's did not reveal the reason for closing this prime location, many people speculated that the American fast food brand could not afford the rent in the central area of ​​Ho Chi Minh City.  

Previously, Starbucks also announced the closure of the Starbuck Reserve store located in a prime location on Han Thuyen Street, Ben Nghe Ward, 1 District, Ho Chi Minh City from 26/8. 

Close-up of Starbucks coffee shop in Ho Chi Minh City with rent of 8,4 billion VND/year about to close

Starbucks Reserve Han Thuyen at 11-13 Han Thuyen, Ben Nghe Ward, District 1, consists of 1 ground floor and 2 upper floors with a total area of ​​212,5 square meters, with a frontage of 2 meters. The reason for the closure is that Starbucks Vietnam could not reach an agreement to extend the lease with the landlord.

About 9 billion VND in rent each year, why is Starbucks closed for other reasons?

Did Starbucks Vietnam close its first and only high-end coffee shop in Ho Chi Minh City – Starbucks Reserve Han Thuyen – because the rent was too high or for some other reason?

Reason why Starbucks closed the most prime coffee shop in Ho Chi Minh City

After 7 years of operation, the American coffee company's Starbucks Reserve store, which has the most prime location in Ho Chi Minh City, suddenly closed. Extremely high rent is said to be the main reason.