Why is there no McDonalds in Vietnam?

Travel Info
Apart from answers like because Vietnamese people dont like it, or cause its gross food, why aren't they there? Surely they would be making money. They have KFC (which are always packed) and other fast food places. so why not Mickey D's?

Travel Tips

McDonalds is the first fastfood Company that wanted to enter VN, about frist of 90s, but at that time They seem not find a suitable partners at VN ( with the news business forms as franchising,license...) so they postponed. Later, KFC and Lotteria penetrated in VN when VN opened the market.Until now, when KFC and Lotteria, and Jolibe recently have settled down, i think its so hard for MC Donalds ( excepts they have a break thru strategies )
Others

no mcdonal in Bhutan my contry. we Bhuddist don want it. also we have no traffic lite. we vote for it. Mcdonal not happy for us or Vietnam. thank you
im not sure why...i've been to vietnam but i've never seen any either...i know thailand has more of the fast food restaurants we're use to like pizza hut and mcdonalds. maybe its because thailand is a more tourist friendly country than vietnam and thus would have more of the restaurants we're use to ...hopefully this helps
Fast food is good for busy people like American or other developed countries. But in Vietnam, people are not very busy now, so they have many time to have meals. Otherwise, Vietnamese people don't like fastfood much
That is a question only the company can answer.
Hello.......they're commies!

The golden arches are specifically and originally a capitalist phenomenon.
Because they don't want one there?