Vietnam Retail Market Gaining Momentum from Growing Footwear Market

Press release   •   Mar 16, 2012 12:09 IST

Vietnam, one of the world’s five most lucrative retail markets, has been experiencing significant changes in the regulatory structure and consumer behavior. With the end of long-standing anti-dumping taxes levied against Chinese and Vietnamese shoes by the EU Government, a huge opportunity for Vietnamese footwear businesses will be offered towards expansion of their markets to European countries. As such on the back of numerous competitive advantages including abundant supply of raw materials and government support, footwear sales in Vietnam are likely to grow at a CAGR of over 28% during 2012-2015.

Further, a new research report from RNCOS entitled, “Vietnam Retail Market Forecast to 2014”, says that Vietnam is the major supplier of sports shoes in the world, with many companies skilled at manufacturing customized shoes. However, retail market in Vietnam still remains fragmented and underdeveloped, and traditional retail accounts for around 80% of the total retail market. The traditional retail channels are continuously changing their structure under the pressure of competition with modern retailers. While studying the Vietnamese shoe market, it has been analyzed that changes in the country’s regulatory structure are favoring foreign investors, and increasing consumer’s attention towards modern retail concepts.

During the evaluation of the Vietnamese retail market, it has been analyzed that the central highland province is likely to have the highest growth in retail market. The report also sheds light on retail sales by ownership that concludes that non-state companies hold the maximum share in retail industry. Most importantly, the report discusses market structure along with current, future, and past market performance of the retail industry in Vietnam. Overall, the report entails every minute details of the retail market in Vietnam, pertinent to facilitate intending clients devise strategic investment plan.

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

Some of our Related Reports are:

- Middle East Retail Sector Forecast to 2013 (http://www.rncos.com/Report/IM196.htm)
- South African Retail Industry Forecast to 2013
- UAE Retail Industry Analysis (http://www.rncos.com/Report/IM330.htm)
- Brazil Retail Industry Analysis (http://www.rncos.com/Report/IM319.htm)
- Booming Retail Sector in UAE (http://www.rncos.com/Report/IM108.htm)

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

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