Sector Preview #3: Vietnam Retail Fashion

Vietnam’s fashion market is undergoing significant transformation. With rising affluence, awareness, and a young population, the demand for fashion is shifting rapidly. Our latest report, Vietnam Retail Fashion: ‘Loving Global, Buying Local’, dives deep into this exciting industry and uncovers essential insights that businesses need to succeed in the growing market. 

Key Highlights from the Report: 

• Rising Fashion Market: The fashion market in Vietnam is expected to reach $3.5 billion by 2025, growing at a rate of 9-10% annually. This is fueled by increasing disposable incomes, a young and aspirational population, and a surge in interest for both global and high-end domestic fashion. 

• Global vs. Local Brands: International fashion brands such as Zara, H&M, and Uniqlo dominate revenue per store. However, local brands are leading in terms of store expansion, showing the growing appetite for domestically designed fashion. 

• Retailer Strategies for Success: Retailers are encouraged to expand their target segments beyond major urban centers, optimize store formats for efficiency, and embrace digital transformation through e-commerce and online marketplaces. 

For the full sector preview, kindly access HERE.   

------------------------------------------------------------

At FiinGroup, we take pride in delivering top-tier analytics and advisory services across diverse industries, ensuring unparalleled expertise and actionable insights. Backed by our deep market knowledge and industry expert insights, we provide comprehensive research covering 35 key sectors, helping businesses navigate complex markets with confidence. 

Our extensive industry experience ensures we deliver international-grade quality at competitive local pricing, making strategic intelligence more accessible. Compared to Big4 firms, our services come at 50% lower cost, without compromising depth and accuracy. 

For further insights into key sectors in Vietnam, including Retail, Modern Trade, Plastic, Packaging, Water Supply, Utilities, Logistics, Energy, Renewable Energy, Cement, and Financial Services, please visit our website at https://fiinresearch.vn. 

If you would like to explore how FiinGroup can support your business decisions with high-quality, data-driven analytics, feel free to reach out to us at +84 (24) 3562 6962 or email research.support@fiingroup.vn.