Major international brands are setting up shop in Vietnam and expanding quickly to tap a rapidly growing fashion market.
Uniqlo considers Vietnam a key market which will help it access the Southeast Asian market. However, the strong development of Zara, H&M, Elise and Hnoss will challenge the global Japanese brand.
Home markets are the biggest markets for Chinese, South Korea, Japanese and Amercian mobile phone manufacturers, but this has not occurred in Vietnam.
VOV.VN -Approximately 3,800 packets of smuggled foreign cigarettes have been confiscated by border guards in An Giang province, according to Major Huynh Thanh Tam, head of the Vinh Nguon border station.
Japanese casual wear retailer Uniqlo has advertised vacancies for managerial and retail positions in Vietnam.
Along with the growing demand for organic food of Vietnamese people, the market for organic food has become a new land for businesses to embrace, with the presence of big, reputable foreign brands.
Coffee has become a cornerstone of Vietnamese culture and a popular export item for decades. While foreign brands find it increasingly difficult to enter the lucrative market, domestic chains are more successful in catering to local tastes and have even begun to implement Fair Trade practices.
While the beauty and personal care industry is doing better than expected in Vietnam, foreign brands are the ones sitting pretty.
A Japanese and an American brand, Diana and Kotex, are enjoying the lion’s share of the fast-growing personal hygiene products market in Vietnam.
Vietnamese companies are dominating the cooking oil market despite the presence of big foreign brands.
Not only are Vietnamese restaurateur reaching out to foreign brands to import their business models, global franchisors now view Vietnam as a huge potential market to expand their network.
The competitive pressure exerted on domestic fashion firms by the increasing presence of world renowned brands is unavoidable, but it could have positive impacts in the long run, experts say.
The time of fast fashion in Vietnam has finally arrived, according to the latest report released by consulting firm Savills.
As incomes have improved, consumers are now buying more high-street fashion products rather than Chinese or Vietnamese clothing.
Vietnam’s middle class population is believed to be growing the fastest in Southeast Asia, making the country a very attractive market for foreign brands.
VOV.VN-Shoppers in Hanoi can expect to see more open-air lifestyle centres than closed-in, windowless malls, if a proposed redevelopment plan for the capital city is approved, says the Hanoi Department of Industry and Commerce.
Vietnam, an agricultural country which has great advantages to produce natural foods, still has to import products of this kind for domestic consumption.
Vietnam’s domestic private ese Nova Group, which has been operating for 23 years in the agriculture and real estate sectors, now targets a growing share in the highly competitive market of children’s powdered milk.