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Vietnam's Franchising Law: Critical Assessment and Comparisons with the Legal Framework of Franchising in the Republic of Korea and Thailand.

Authors :
Nguyen, Binh Ba
Wisuttisak, Pornchai
Source :
Social Sciences (2076-0760); May2023, Vol. 12 Issue 5, p258, 13p
Publication Year :
2023

Abstract

Franchising occurred in Vietnam during the implementation of government policy for economic reform and openness in the mid-1990s. The Vietnam-specific franchise law was passed in January 2006 to create a stable growth in the franchise sector in Vietnam. The legal framework in Vietnam generally follows international legal frameworks. However, the legal framework of franchising businesses is still uncertain. This paper explores Vietnam's franchising law and displays a comparison to the legal framework of Thai franchising law and the Republic of Korea franchising law. The paper concludes that while Vietnam's franchising law generally conforms to international standards, some legal issues should be addressed for further development of the Vietnamese franchising sector. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
20760760
Volume :
12
Issue :
5
Database :
Complementary Index
Journal :
Social Sciences (2076-0760)
Publication Type :
Academic Journal
Accession number :
163985307
Full Text :
https://doi.org/10.3390/socsci12050258