McDonalds arrives in Vietnam's Ho Chi Minh

Fast-food giant McDonald's - often seen as a symbol of American capitalism - has opened its first restaurant in communist-controlled Vietnam.

Ho Chi Minh, known as Saigon during the Vietnam War, was where the US-backed government was based until it fell to communist forces 38 years ago.

Despite the Vietnamese economy's recent slowdown, foreign brands are popular among the youthful population whose parents had few of the food and lifestyle options now available in the country.

Starbucks, Subway, Burger King, and KFC all have a presence there.

In this edition of Business Matters, the BBC's Roger Hearing is joined by journalist James Pham who is at the McDonald's store in Ho Chi Minh. Roger discusses what the opening of the fast-food chain store means for both Vietnam and the US with journalist Jyoti Malhotra in New Delhi and Professor Eswar Prasad in Washington.