Hoi is a cosmopolitan town with diverse people from all walks of life. It comes from with an advantage for the food and travel business like XO Tours. People come from the remote parts just to go and earn a living. This is why in the food business, it thrives and business people admit to this fact. What makes this industry get profits include the following ready market. The population in this town in itself is a market. Food is a basic need which someone must sacrifice to ensure they get something for their stomach.
The entrepreneurs admit that over lunchtime they are overwhelmed with the high number of customers until they at times fail to meet the demands. Food in Hoi An is considered a superb affair depending on the delicacy.
As an owner of a food joint, you must define your niche regarding the target market. If you want to attract the low-end customers, then you must check on your pricing visa via the high-end customers. The latter is tricky, and you must have value added function because the competition is also not a joke for this kind of people. It needs a high level of investments compared to the low-end market. At the same time, diversity is paramount. You do not just serve food, but you serve quality food which meets the criteria of your clientele.
Availability of raw materials
Being an urban center, it is surrounded by very agriculturally productive areas which act as a source of raw material for the food business. With this, it makes it easy and cheap to afford the food since the supplies override the demand. The competition also come in handy to help in the pricing.
The government also realized that this mall and big traders play a big role in the economy that is why they have affordable levies which attract the local and international investors in the food business. This is one town in Vietnam that you will get a low-end food joint a well as a high-end food joint. In fact when it comes to hosting of international events this town will take the mantle.
This is a service industry which is highly dependent on the kind of customer service you possess. It defines loyalty as well as the value of the service. All these are explained in three major components:
- The time is taken to serve a customer
- The etiquette from the employees’
- The reception
All these irrespective of the level of the food business must just be beyond standard.
This is a department which you cannot afford to compromise on public health and hygiene. The food joint must just be served in a clean environment and also have all the public health certification. This is a clear proof that it meets all the requirements and regulations approved by the Department of Public health found in the Capital city.
Food Business Philanthropy in Hoi in Vietnam attracts up to 40 percent of all the taxes meaning it is a big business and also a good economic boost when it comes to attracting revenue.