The Vietnamese restaurant chain Pho, owned and operated by Thai-based N&P Holding Co, has revealed ambitious expansion plans to be achieved by the end of next year.

Company president Ketsin Tiwutanond said that the chain intends to open outlets throughout Australia and Singapore, adding that numerous foreign investors from the US, UK, Malaysia, Australia and Singapore had approached the company to express interest in franchise contracts.

"We in serious discussions with all of them," he told Bangkok-based newspaper The Nation. The franchises, which will cost more than Bt20m (US$0.45m), will be available next year.

The company also plans to double the size of its chain in Thailand, from 10 outlets to twenty in the next 15 months, and Ketsin revealed plans to develop a chain of Vietnamese food kiosks by next year.