Apparel Retail in Vietnam
Summary
Apparel Retail in Vietnam industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The apparel retail market is segmented into childrenswear, menswear, and womenswear. The market value represents retail sales.
- The Vietnamese apparel retail industry recorded revenues of $9.7 billion in 2023, representing a compound annual growth rate (CAGR) of 0.4% between 2018 and 2023.
- The womenswear segment accounted for the industry's largest proportion in 2023, with total revenues of $5.6 billion, equivalent to 57.2% of the industry's overall value.
- The growth of the apparel retail industry is significantly driven by the expansion of online retail, which has become increasingly accessible and popular among consumers. The convenience of shopping online has led to a noticeable shift in consumer behavior, with more individuals turning to digital platforms for their fashion needs. According to GlobalData, the Vietnam online retail market reached $6.5 billion in 2023, marking a 14.6% increase from the previous year.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel retail market in Vietnam
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in Vietnam
- Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Vietnam apparel retail market with five year forecasts
- What was the size of the Vietnam apparel retail market by value in 2023?
- What will be the size of the Vietnam apparel retail market in 2028?
- What factors are affecting the strength of competition in the Vietnam apparel retail market?
- How has the market performed over the last five years?
- What are the main segments that make up Vietnam's apparel retail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strategies of the leading players?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Fast Retailing Co Ltd
- 8.2. H & M Hennes & Mauritz AB
- 8.3. Vingroup JSC
- 8.4. TNG Investment and Trading JSC
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Vietnam apparel retail industry value: $ million, 2018-23
- Table 2: Vietnam apparel retail industry category segmentation: % share, by value, 2018-23
- Table 3: Vietnam apparel retail industry category segmentation: $ million, 2018-23
- Table 4: Vietnam apparel retail industry geography segmentation: $ million, 2023
- Table 5: Vietnam apparel retail industry distribution: % share, by value, 2023
- Table 6: Vietnam apparel retail industry value forecast: $ million, 2023-28
- Table 7: Fast Retailing Co Ltd: key facts
- Table 8: Fast Retailing Co Ltd: Annual Financial Ratios
- Table 9: Fast Retailing Co Ltd: Key Employees
- Table 10: Fast Retailing Co Ltd: Key Employees Continued
- Table 11: Fast Retailing Co Ltd: Key Employees Continued
- Table 12: H & M Hennes & Mauritz AB: key facts
- Table 13: H & M Hennes & Mauritz AB: Annual Financial Ratios
- Table 14: H & M Hennes & Mauritz AB: Key Employees
- Table 15: H & M Hennes & Mauritz AB: Key Employees Continued
- Table 16: Vingroup JSC: key facts
- Table 17: Vingroup JSC: Annual Financial Ratios
- Table 18: Vingroup JSC: Key Employees
- Table 19: TNG Investment and Trading JSC: key facts
- Table 20: TNG Investment and Trading JSC: Annual Financial Ratios
- Table 21: TNG Investment and Trading JSC: Key Employees
- Table 22: Vietnam Size of Population (million), 2019-23
- Table 23: Vietnam real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 24: Vietnam GDP (Current Prices, $ Billion), 2019-23
- Table 25: Vietnam Inflation, 2019-23
- Table 26: Vietnam Consumer Price Index (Absolute), 2019-23
- Table 27: Vietnam exchange rate, 2018-23
- List of Figures
- Figure 1: Vietnam apparel retail industry value: $ million, 2018-23
- Figure 2: Vietnam apparel retail industry category segmentation: $ million, 2018-23
- Figure 3: Vietnam apparel retail industry geography segmentation: % share, by value, 2023
- Figure 4: Vietnam apparel retail industry distribution: % share, by value, 2023
- Figure 5: Vietnam apparel retail industry value forecast: $ million, 2023-28
- Figure 6: Forces driving competition in the apparel retail industry in Vietnam, 2023
- Figure 7: Drivers of buyer power in the apparel retail industry in Vietnam, 2023
- Figure 8: Drivers of supplier power in the apparel retail industry in Vietnam, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Vietnam, 2023
- Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Vietnam, 2023
- Figure 11: Drivers of degree of rivalry in the apparel retail industry in Vietnam, 2023
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