McDonald's: one brand, two stories
In Singapore, McDonald's is part of the culture. In Vietnam, more than a decade in, it is still a niche.

Singapore
153restaurants, end of 2025
About one for every 40,000 people.
- The Hello Kitty frenzy (2000): queues of 250,000 to 300,000 people, a shattered glass door and arrests. 2.8 million toys sold, and full sets resold for up to S$980.
- Why it worked: scarcity, collectibles and a fear of missing out.

Vietnam
45restaurants, end of 2025
Up from 37 in 2024. It is now aiming for 100 within three years.
- Why it stalled: it is seen as premium, burgers are not a staple, and a bánh mì costs far less.
- Who wins instead: Lotteria (222 stores), Jollibee (213) and KFC (172).
Coffee: a newcomer wins Singapore, locals win Vietnam
Luckin used cheap first cups and local flavours to reach 100 Singapore stores. In Vietnam, Starbucks took over a decade to reach 150, while Highlands passed 900.
Singapore
- Price-led entry: Luckin Coffee arrived in March 2023 with a S$0.99 first drink for new customers.
- Localised menu: 100 stores by 2026, with a pandan coconut latte and MILO collaborations.
- Its read on the market: Singaporeans are “open to experimentation,” but expect quality, convenience and value.
Vietnam
- Highlands928
- Phúc Long~200
- Starbucks150
- Katinat114
- Local taste wins: robusta, condensed milk and sweet tea drinks; local brands dominate the market.
Ride-hailing: home advantage
Grab dominates its home base in Singapore. In Vietnam, an all-electric local app overtook it.

Singapore
- Grab is headquartered in Singapore and leads the market.
- Its main challenger, Gojek, has less than 10% of the market, by Maybank’s estimate.

Vietnam
- Xanh SM44.7%
- Grab36.1%
- Xanh SM, an electric taxi app, overtook Grab by late 2024, helped by local insight into routes, neighbourhoods and peak hours.
Festival marketing that works
Both markets buy around their festivals. Vietnam's best campaigns tell a story about going home for Tết.

Singapore
- Chinese New Year: McDonald’s brings back its Prosperity Burger as a limited-time menu.
- Four calendars: Chinese New Year, Hari Raya, Deepavali and Christmas each need their own campaign.

Vietnam
- Biti’s Hunter, a Vietnamese shoe brand, turned Tết into its brand story with “Đi để trở về” (“Leave to come home”), a 2017 music campaign with singer Soobin Hoàng Sơn.
- The idea: every journey ends at home for Tết.
- It kept paying off: the 2019 Tết film drew more than 30 million views on YouTube and Facebook and over 100,000 shares in two weeks.
What the brand stories teach

Singapore
Novelty, scarcity and festivals pull crowds.

Vietnam
Local fit beats a global name.