Surge in Clothing Sales Fueling Vietnam Retail Market

Clothing sales in Vietnam is projected to grow at a CAGR of 29% during 2012-2015, says RNCOS in its research report.

NOIDA, India (prHWY.com) January 31, 2013 - Clothing sales in Vietnam have been increasing continuously over the past few years. The market is witnessing tremendous growth on the back of rising brand-consciousness and consumer-oriented society. Local demand for better quality garments is increasing in-line to the rising orders from abroad. In addition, the government is also taking various steps to promote local garment players. Moreover, the country is attracting many other countries, such as Hong Kong, Taiwan, and Korea, providing FDI in the country's clothing market. Further, increasing demand for quality clothes, high consumption and rising brand & fashion consciousness will increase its sales in the country. Therefore, considering all the factors, it is anticipated that the clothing sales in Vietnam will grow at a CAGR of 29% during 2012-2015.

According to our research report, "Vietnam Retail Market Forecast to 2014", retail sector in Vietnam has been showing dynamic growth over the past few years due to increasing modernization, rising number of global giants, and mounting disposable income. Further, as per our findings, the number of modern retail stores is increasing in the country, which is attracting a number of foreign investors and international brands. Moreover, the changing government regulations and consumer increasing attention towards modern retail concepts are also favoring the growth of the Industry.

Besides this, our report also covers an in-depth analysis of the market performance by food retail sale including its segments, such as packaged food, dried processed food, noodles, dairy, bakery and baby food. It also provides the detailed analysis of food retailing sector along with its segments, such as clothing, footwear, consumer electronics market, cosmetics and furniture. In addition, it includes the study on performance of the industry by province and by ownership along with their segments. Besides, our report covers the detailed analysis of the consumer behavior including their lifestyles, shopping habits and purchasing behavior.

Our report, "Vietnam Retail Market Forecast 2014", elaborates the industry's current and past performance, and presents forecasts to depict a clear and balanced picture of the Vietnamese retail market. It also covers the emerging trends of the industry along with its roadblocks. Moreover, it also provides the comprehensive analysis of the retail formats including traditional and modern stores. Therefore, our research report presents the most unbiased market picture that will prove decisive for our clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM337.htm

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Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: vietnam retail market

Categories: Retail

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