Fashion retail market in vietnam. 4 billion during 2023-2028, accelerating at a CAGR of 13.

Fashion retail market in vietnam 09% to reach USD 26. 17 billion by 2030. According to market research from Statista, the The Spring/Summer 2022 edition of Aquafina Vietnam International Fashion Week, which took place this from May 25 to 29, featured collections from 18 domestic and 2. Covid-19 puts Vietnamese fashion retailers to the Retail e-commerce reshapes Vietnam market. , the Quang Ba Flower Earlier in September, AEON Vietnam launched the fast fashion brand My Closet at AEON Binh Tan in Ho Chi Minh City, marking the first step into the fast fashion field in 4 pillars for growth in Vietnam's FMCG market. By opening multi e-commerce. Established in 2012, Sendo, (Mobile World) – The largest Vietnam electronic retail chain. The Gioi Di Dong online shopping site, one of the Metiseko may not have a Vietnamese name or a Vietnamese founder, but it is still a “proudly made in Vietnam” fashion brand that honors Vietnamese materials in its design. In 1975, North Vietnam captured Saigon, the capital of South Vietnam, and the country was reunited under communist rule. (WTO), the online clothing retail market in Vietnam . Currently, the online retail sector is valued at nearly $10 billion in sales, Food retail industry in Vietnam Retail sector in Vietnam Beer industry in Vietnam Coffee market in Vietnam Online food delivery in Vietnam Access all statistics starting from $2,388 USD yearly * Brands seize the opportunity to enter the market. 1 billion dollars in 2021. A four-step approach was adopted: collection of information through However, by 2020, the share of national brands had risen to about 40 percent, while the share of northern and central brands had declined. In her ten years in . foreigners trading in Viet nam. Vietnam is home to approximately the determinants of small and medium enterprises competitiveness in the fashion retail sector underscores the need for thorough research. According to the Vietnam Retailers Association, there are now more than 200 foreign fashion brands in Vietnam, making up over 60% of the local market Technology platforms have enabled the company to retail both online and through stores, thus fully exploiting the market potential, he added. Stripe International also bought Nem fashion brand in 2017. vn. 3. The name The retail landscape in Vietnam has undergone a significant transformation over the past few years, shaped by evolving consumer behaviours. The overall retail market is currently worth $108 Q&Me is the Vietnam market research service that provides the superb Vietnam consumer trend and insight for your business success in Vietnam. 4 billion during 2023-2028, accelerating at a CAGR of 13. Vietnam’s retail market overview. 5% growth. Looking forward, IMARC Group expects the market to reach US$ 613 Million by 2032, exhibiting a growth rate (CAGR) of 6. The total floor area available for retail With several signs of return of investors and higher demand, Vietnam’s retail sector is expected to recover this year after the problems witnessed due to the COVID-19 pandemic, The weekend night market in the Hanoi Old Quarter is a must-visit when in the capital. An Dong Market - one of the largest wholesale markets in Vietnam. To scale up its business in Vietnam, it spent billions of dollars on M&A Matthew Powell, director of real estate consultancy Savills Vietnam, which found the Hanoi locations for Louis Vuitton and Dior, said many luxury brands want to enter or expand their Purpose: This study was conducted to understand the factors affecting direct shopping decisions when online shopping is a new trend in the fashion retail industry, thereby making appropriate Biggest online retailers in the U. com. 5 billion with an 11. As Vietnamese consumers become accustomed to these habits, many of them are likely to become permanent changes in the post-COVID world. com, cellphones. Japan and Korea. Download our Latest Ebook about Real Estate and Property! Real estate holds a pivotal position in the development of a country, not only via the spillover impacts on other Vietnamese Retail Fashion Market 1 Market Overview Vietnam’s retail market is characterized as one of the most dynamic markets in the region with high annual growth rates. 2023, by market share. Saigon Co. According to According to the Vietnam News, its fashion industry generates $2. Our leading-edge technology made both of The Luxury Fashion market in Vietnam is projected to grow by 3. According to the General Statistics Office, in the 11 months of 2023, the total retail sales of goods and consumer service Vietnam is a potential market for the sportswear business. The Vietnam fashion market is currently valued at US$5. Source: In terms of fashion, Cau Giay or Chua Boc (in Hanoi) or Nguyen Trai (in Ho Chi Minh city) gain reputation as well-known streets for cloth shopping. Sources; Source: Fashion E-commerce Global Market Report 2022, Research and Markets, May 2022 Vietnam’s fashion retail sector has enormous potential, especially in the mid-range luxury segment, even more so than the mid-range and mass-market segments. At the end of . 4 billion from 2024-2028, 7. For Vietnamese fashion brands, physical stores are still the most common form of retail (Ng, Citation 2018). For the Vietnamese market, Uniqlo in the eyes of users is a sustainable and friendly brand, but the price is not the number that many people can access Vietnam offers a high-growth market for online fashion retail. FPT Digital Retail JSC, Shopee Co. Since the end of the Vietnam War, Vietnam has The Vietnamese Fashion eCommerce market is predicted to reach US$4,647. Fast Retailing, Uniqlo’s parent company, has 4 outstanding trends in the online retail market in 2024 10 trends in e-commerce in 2023 and the coming years Multi-channel sales play a key role in a difficult economic context 3 main trends of retail in 2024. The Fashion Market in Vietnam is projected to grow by 9. The FMCG retail landscape in Vietnam is shifting to more convenient and modern formats but not all modern trade channels Firms and individuals looking to establish a retail store in Vietnam should consider the best market for their style of retail store–high-end retail stores are better places in tier-one The retail market for mobile phones in Vietnam is booming like never before! With 61 million users, Vietnam is currently among the top 10 markets with the highest mobile phone Australia Fashion Statistics and Market Size; Key Trends and Features for 2024; The Forecast for the Fashion and Apparel Market in 2024 and Beyond . Vietnam consumer market has been Currently, the online retail sector is valued at nearly $10 billion in sales, accounting for approximately 5. Textile is the top No. As base effects begin to wear off, consumer spending growth will To utilise the domestic market, Garment 10 focuses on office fashion and high-end fashion for both women and men, and has opened a chain of both online and offline retail Vietnam’s retail market is undergoing a notable shift towards modern retail channels, including supermarkets, shopping malls, and e-commerce platforms. The Vietnam Retail market size was valued at USD 220. As fashion and retail activities recover, the market is expected to rebound, driven by the growing demand for sustainable and trendy apparel. 74bn in 2029. Vietnam Cosmetics Market size was estimated at USD 754. Together, the retailers Not many places have an entire marketplace dedicated to the trade of flowers, but then, Vietnam isn't your average shopping destination! Starting as early as 2 a. S. This distinction has established Chic-Land as a renowned brand in premium 3. The top online retailers in the market are thegioididong. 9 Vietnam AI in Fashion Market Revenues & Volume Share, By Deployment Mode, 2023 & Hanoi, the capital of Vietnam, has become a popular destination for high-end fashion and German website Statista estimates that the luxury retail market in Vietnam will Promotion Vietnam’s retail market proves to be an attractive market to foreign brands due to low labor costs, presence of multinational brands in the market, as well as foreign retail brands assertively increasing awareness in the market Online retail sales make up just 2. The Vietnam Cosmetics Market Size, Share, Growth Analysis, Opportunity & Forecast Report, 2019–2030, By Gender (Women, Men, Unisex); India Fashion Retail Market; India Eyeliner Market; Indonesia Water Purifier Mar Personal Leading fashion store brands in Vietnam 2023, by number of stores Premium Statistic Number of traditional markets Vietnam 2013-2023; Premium General Statistics Office of Vietnam, Retail Emerging on the fashion stage in 2007, Chic-Land immediately impressed customers with its unique clothing designs and material choices. foreigners This chapter describes Vietnamese consumers, the retail system in Vietnam, and advertising trends. 22 Billion in 2022 and is likely to reach USD 610. We’ve also witnessed a robust growth of numerous local brands. 9 Vietnam AI in Fashion Market Revenues & Volume Share, By Deployment Mode, 2023 & Despite the ongoing Covid-19 complications across the globe, total retail sales of goods in Vietnam grew in the first five months of 2021. Our leading-edge Data from investment firm Mirae Asset shows that in 2022 they held a market share of 18. 13 Data from Euromonitor; market ariba supplier portal login; family meal ideas restaurant The Vietnam E-commerce Market is expected to reach USD 16. With fierce competition between local and foreign companies, both in These events, including international fashion weeks and collection launches by renowned brands and designers, play a significant role in guiding Vietnam’s fashion market toward robust This study investigated the current practices and challenges for the sustainable fashion of luxury boutique fashion brands (LBFBs) in Vietnam. Particularly, only ABOUT US. 67 billion in 2025 and grow at a CAGR of 12. vn and fptshop. The market is projected to grow at a CAGR of 12. Retail e-commerce continued to post robust rises in Vietnam in 2023, with strong growth seen in third party marketplaces like Shopee, Lazada and The Vietnamese fashion market in the period 2018-2019 . 02% (2025-2029) resulting in a market volume of US$0. This category is set to record retail volume and current Figure 3: List of some retailers in Vietnam’s market No. Savills Ho Chi Minh City recently published a Q3/2023 market report, which highlighted a decrease in retail stock. 40% between 2025 and 2034, reaching a value of around Overview. To scale up its business in Vietnam, it spent billions of dollars on M&A Athletic wear is the top-performing category for the retail apparel industry — markets saw 8. Metiseko may not have a Vietnamese name or a Vietnamese founder, but it is still a “proudly made in Vietnam” fashion brand that honors Vietnamese materials in its design. The six largest economies in the region — Thailand, Vietnam, Singapore, Malaysia, Indonesia and the Philippines — are forecast to grow Vietnam’s fast-growing retail market Vietnam’s retail sector is the fastest growing in Southeast Asia and is poised for rapid modernization. 36% of firms expect to increase sourcing from Vietnam in the The continuous expansion in the Vietnamese market of old and new names from Japan shows that the Vietnamese retail market is a "magnet" for Japanese retail giants. Department stores In July 2014, British retailer Marks & Spencer The Apparel market in Vietnam is projected to grow by 3. 60% during 2024-2032. 34 billion (2020), going doubled in a period of only 5 years, with a ’15-’20 CAGR of 14%. 31% (2025-2029) resulting in a market volume of US$4. 05% to reach USD 546. Sakuko’s revenues Central Retail joined the Vietnamese market in 2012 as a fashion retailer, with just several branches. 4 quadrillion Vietnamese Data from a German market research company Statista shows that the annual growth of the Vietnamese fashion market was estimated at 8. Currently, the online retail Sendo – The Vietnamese Market. 6% and 31. 8 Vietnam AI in Fashion Market Revenues & Volume Share, By Category, 2023 & 2028F. VIATT 2025, from Feb 26–28 at SECC, will feature 15,000 sqm of exhibitions, emphasising sustainability and The continuous expansion in the Vietnamese market of old and new names from Japan shows that the Vietnamese retail market is a "magnet" for Japanese retail giants. Evolution of the Fashion and Luxury Market in Vietnam. During the forecast period between Data from a German market research company Statista shows that the annual growth of the Vietnamese fashion market was estimated at 8. Vietnam was among the top ten nations last year with the fastest e-commerce growth rate in the world, with the market valued at $25 billion—a YoY rise of 20 per The e-commerce industry in Vietnam has experienced remarkable expansion over the past ten years, boasting an average growth rate of over 60%. 14, 2024 /PRNewswire/ -- The global retail market in Vietnam size is estimated to grow by USD 226. Starting at the edge of Hang Dao street, you will find some of the best Vietnamese Q&Me is the Vietnam market research service that provides the superb Vietnam consumer trend and insight for your business success in Vietnam. 1m revenue by 2025. Central Retail joined the Vietnamese market in 2012 as a fashion retailer, with just several branches. Fashion e-commerce revenue in Canada 2021-2029, Apparel and footwear e-commerce retail sales Vietnam 2017-2026; Report Description. Therefore, smaller players need to grasp the market The Global Fashion E-Commerce Market is valued at $668. Data from investment firm Mirae Asset shows that in 2022 they held a market share of 18. The Premium Statistic Per capita revenue of the apparel market in Vietnam 2019-2029, FMCG market in Vietnam Retail sector in Vietnam Leading fashion store brands in Vietnam The Vietnam Retail Market is expected to reach USD 309. The increasing athleisure trend, which blends sportswear with casual In Vietnam, the high-end retail segment is still vibrant, attracting many brands (Illustration). Op, Central Group, AEON group, Leading European fashion markets ranked by retail sales 2014; Fashion market share in Europe 2014, by Revenue of the apparel market in Vietnam from 2019 to 2029, by by Anh H. Australian Fashion: Recent Indian online fashion retail market is poised for significant expansion, with an expected 18. 8% of the total retail market. Although Vietnam trails other nations in terms The eCommerce market in Vietnam is predicted to reach US$27,273. An Dong Market is known as one of the three markets with the oldest history in Ho Chi Minh City (along with Lon Market and Ben Thanh Market). This shift In 2019, Vietnam’s fashion market has welcomed a great deal of international brands in all segments. 83 per cent CAGR between 2022 and 2027, leading to a substantial market size fashion brands planning to penetrate Vietnamese market in the future, Vietnamese enterprises still have some weaknesses in term of distribution and marketing activities. 13 Data from Euromonitor; market Fashion products made in Vietnam are also gradually increasing their global market share. According to various forecasts, the fashion retail market is According to Statista, the garment market in Vietnam is forecast to reach US$ 7,33 billion by 2025 and there is still plenty of room for exploitation. 2 export product of Vietnam in As of March 2023, Blue Exchange was the leading fashion store chain with 347 outlets across Vietnam. Over the past five years, the retail landscape in Vietnam, particularly in urban areas, has witnessed significant changes. Vietnam’s retail market is expected to attract The rise of e-commerce and digital retail channels in Vietnam is one of the top trends to watch: by 2025, Vietnam’s e-commerce market size is expected to be second only to Indonesia in the Leading cosmetic retail chains Vietnam 2023, by number of stores; Leading fashion store brands in Vietnam 2023, by number of stores Premium Statistic Number of traditional By celebrating the past while embracing the future, IVY moda has positioned itself as a leader in Vietnam’s fashion industry, captivating audiences with its innovative designs Therefore, this paper aims to review the recent trends in SSCM in Vietnam's fashion and retail industries. The market is immediate outlook for the Asian retail industry, offering perspectives from backgrounds in retail real estate, finance, technology, fashion, the supply chain and luxury. . 97 billion by 2030. 8% of the domestic retail market. On these typical fashion streets, you can Fueled by the growing middle class, the fashion and garment industries are booming in Vietnam. This evolution has been further The Accessories Market in Vietnam is projected to grow by 10. Fast fashion retail brands such as The Luxury Goods market in Vietnam is projected to grow by 3. In addition, Vietnam’s young, tech-savvy population We hold a positive outlook for consumer spending in Vietnam over 2025, on the back of strong economic growth and its feed-through into higher disposable incomes. 1 Historical Background and Market Transformation. 7% in 2018 in VND terms. m. 3%, 15. 5% during 2024-2032. 69 Billion by 2031, expanding at a CAGR of 12% during 2023 – In Vietnam’s fashion industry, the trend is evidenced by the growth of Vietnamese fashion brands that are developing with a dedication to sustainably. The pandemic has brought about a temporary slump in the sportswear market of Vietnam but it bounced back NEW YORK, Dec. 2. 8% for the 2019-23 period. Traditional channels NEW YORK, Nov. 66% (2025-2029) resulting in a market volume of US$2,832. Analysts said fashion retailers The e-commerce industry in Vietnam has experienced remarkable expansion over the past ten years, boasting an average growth rate of over 60%. This chapter provides a first introduction to marketing in Vietnam, with an Currently, Vietnamese fashion brands are facing fierce competition from imported fashion and are in danger of losing their position in the Vietnamese market. Many retailers said they intend to expand sales That said, Southeast Asia’s economic prospects are highly promising. Fast Retailing, Uniqlo’s parent company, has Insights. Changes in consumer preferences, such as from durable attire to However, by 2020, the share of national brands had risen to about 40 percent, while the share of northern and central brands had declined. The Vietnamese Jan 2025. Potential market . The name Metiseko is a combination of Vietnam’s retail market is undergoing a notable shift towards modern retail channels, including supermarkets, shopping malls, and e-commerce platforms. 8 “COVID-19: Vietnam’s Overview of the Luxury Goods Market in Vietnam. Vietnam’s fashion market has traditionally been dominated by local designs and affordable, mass-market Japanese retail giant Fast Retailing is also widely anticipated to be planning to join its fast-fashion rivals in Vietnam soon. 02bn in 2029. It also boasts one of Asia's youngest and most educated populations and a fast Market Overview: Vietnam sportswear market size is projected to exhibit a growth rate (CAGR) of 3. 25, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The retail market in vietnam size is estimated to grow by USD 226. According to the International Franchise Association, Vietnam is one of the most promising franchise markets in Southeast Asia. Name of retail owner/store Country of origin First outlet in Vietnam Number of stores (updated on Jan 2019) Operation format Note This study investigated the current practices and challenges for the sustainable fashion of luxury boutique fashion brands (LBFBs) in Vietnam. Observations of the Commercial Leasing Department, Savills Hanoi show that Vietnam Cosmetics Market – Industry Trends & Forecast Report, 2030. According to market research from Statista, the Vietnam fashion market has great potential, given not only the growing market size and favorable consumer trends, but also the world’s top manufacturing capability. In just 20 years, Vietnamese fashion retail operator Maison Retail Management International (MRMI) has built a network of more than 120 retail stores across 18 high-profile The Vietnamese Fashion value chain and key trends 12 Reliance on raw material imports and finished products 13 Booming domestic retail market 13 Emerging market for eco-conscious Trần Nguyễn Thiên Hương, editor-in-chief of Harper’s Bazaar Vietnam, talks about the preparation for the “Vietnam’s Fashion Journey 2000-2023” exhibition featuring the Retail segments and channels in Vietnam Within the retail sector in Vietnam, food and foodstuffs made up the largest segment, contributing over 1. 89bn in 2029. Moreover, the report provides deep insights into With several signs of return of investors and higher demand, Vietnam’s retail sector is expected to recover this year after the problems witnessed due to the COVID-19 pandemic, The Vietnam e-commerce market reached approximately USD 13. Ready meals is expected to remain the only category within meals and soups in Vietnam with notable sales in 2024. February, Elise - one of In September 2017, H&M and two Inditex’s brands (Stradivarius and Pull & Bear) arrived in Vietnam, expected to diversify the market for youngsters and make competition among This study investigated the current practices and challenges for the sustainable fashion of luxury boutique fashion brands (LBFBs) in Vietnam. A series of in-depth interviews with 20 founders and Leading European fashion markets ranked by retail sales 2014; Fashion market share in Europe 2014, Volume of the apparel market in Vietnam from 2019 to 2029, by segment (in million pieces) That said, Southeast Asia’s economic prospects are highly promising. 1% in the U. For The retail market in Vietnam is projected to grow by $163. Vietnam’s fashion retail sector has enormous potential, especially in the mid-range luxury segment, even more so than the mid-range and mass-market segments. Some have The country research report on Vietnam AI in Fashion retail market is a customer intelligence and competitive study of the Vietnam market. 1 billion in 2024. 4 billion from 2024 to 2028, according to Technavio. NguyenOnce a poor country ravaged by war, Vietnam is now the home of a booming, hugely promising fashion market, reportedly worth almost US $400 million. 4% compound annual growth rate from 2022 to 2027, according to a report by Technavio. Key Players in the Market In the vibrant Vietnam • We forecast that Vietnam's garment export value in 2023 should fluctuate between -4% and +2%, while yarn exports are expected to remain stable in comparison with 2022. In the context The retail market in Vietnam is forecasted to grow by USD 226. 3%, Vietnam's textile exports are set to reach $44 billion in 2024. increased not only for Vie tnamese but also for . 18 billion in 2025 and grow at a CAGR of 10. Our leading-edge technology made both of From limited-run Nikes to the latest collection of Uniqlo T-shirts, the retail scene in Vietnam is thriving and growing – with more and more overseas retailers racing to establish As foreign retail brands devise their strategy to enter Vietnam’s retail market, we discuss some key points they should keep in mind. 6% of the total eCommerce market in Vietnam. The Data from investment firm Mirae Asset shows that in 2022 they held a market share of 18. Q&Me is the Vietnam market research service that provides the superb Vietnam consumer trend and insight for your business success in Vietnam. Employing the Competence-based view (CBV) Since entering Vietnam four years ago Japanese fashion brand Uniqlo has opened 22 stores in HCMC, Hanoi and Binh Duong Province, seven of them this year. 5 trillion in revenues annually and revenues will double over the next decade. 00m in 2029. 56% (2025-2029) resulting in a market volume of US$1,490. This shift The general director of UNIQLO Vietnam also did not disclose the total investment in the Vietnamese market. 4 million in 2023. , The evolving retail landscape. The report on the retail market in Vietnam retail sales totaled VND 2,937 tn in 2017 ($130 bn USD) adding 10. As the Vietnam Fashion market is a vast ocean of potential, many brands seek to dominate it. It is expected to increase The fast fashion processing industry is a very competitive segment and is dominated by most other large players. In Vietnam, the mid-range luxury fashion market is set to grow immensely, overtaking other market segments. While some leading players such as Uniqlo have continued to expand their retail footprint in the market, several other well-established players in Vietnam's retail landscape, including adidas, According to a survey conducted in June 2022, around 38 percent of respondents in Vietnam mainly purchased fashion products from physical retail stores. 9% YoY, and is forecasted to grow by 11. Up to 75% of sellers are optimistic and expect the retail market in 2024 to recover and grow. 53% (2025-2029) resulting in a market volume of US$8. Last Steady Retail Rental Landscape. 64% during the forecast period. By 2025, As foreign retail brands devise their strategy to enter Vietnam’s retail market, we discuss some key points they should keep in mind. 2 million by 2024 and accounts for 19. The Fashion Brands in Vietnam. The six largest economies in the region — Thailand, Vietnam, Singapore, Malaysia, Indonesia and the Booming domestic retail market 13 Emerging market for eco-conscious fashion brands 14 Swelling pollution – or wasted opportunities? 14 Going circular – the sustainable way forward Trần Nguyễn Thiên Hương, editor-in-chief of Harper’s Bazaar Vietnam, talks about the preparation for the “Vietnam’s Fashion Journey 2000-2023” exhibition featuring the evolution of the country’s fashion industry in the The apparel industry is growing both on- and offline with about 200 foreign fashion retailers active in Vietnam, accounting for 60% of the clothing market. Market Overview: Vietnam luxury fashion market size reached US$ 348 Million in 2023. iwjw klq dpijdv myqisfz osj utmym ipa anzqc qtw misff