Trust Takes Time: Marketing Lessons from the Classroom and the Stock Exchange
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“Keep it simple, not oversimplified.”
My guest this time is Mai. She teaches marketing to undergraduates in Saigon, judged the Vietnam Innovation Challenge, and previously worked in corporate communications at the Ho Chi Minh Stock Exchange.
We talk about what young marketers get right and wrong, why AI can’t replace real-world experience, why brands like Baskin Robbins and Subway struggled in Vietnam, and how to build trust through consistent content. We also get into why a pho burger might not be a great idea.
5 Key Takeaways
1. AI gives structured answers, but real life doesn’t work that way. Mai tells her students to visit branches, mystery-shop competitors, and experience the service as a customer.
2. Don’t generalize about “young consumers.” Saying “young people are price sensitive” means nothing without segmentation: which people, from where, and what do you mean by price sensitive?
3. Foreign brands fail when they copy-paste their home playbook. Imported ingredients push prices too high, local competitors offer cheaper options with local taste, and Vietnamese consumers have plenty of choice.
4. Trust comes from consistency, and it takes time. Students trust Mai because of two things: what past students say about her (borrowed trust) and the value she delivers herself (own trust). The same applies to podcasts. Plan for the long term.
5. Trust dies when the promise doesn’t match the experience. Great reviews and word of mouth mean nothing if the next customer doesn’t get the same value. Care before, during, and after the sale.
Chapters and Timestamp:
00:00 – The best and worst advice
02:00 – Young vs. experienced marketers, and the limits of AI
13:00 – Why foreign brands struggle in Vietnam
21:00 – Communicating at the Ho Chi Minh Stock Exchange
27:00 – Building and losing trust