What is the retail sales in Vietnam 2023
Retail sales of consumer goods and services in January-May 2023 have reached an eight-year high, as per the General Statistics Office (GSO). Total sales were estimated at VND2. 52 quadrillion (around $107.2 billion), marking a year-on-year (YoY) rise of 12.6 per cent, the highest rate since 2015.
How big is the FMCG market in Vietnam
Industry overview
The total retail sales of consumer goods in Vietnam reached about USD 180 billion in 2021, most of which was FMCG. The growth rate of the FMCG industry has been around 10-12% over the past decade. During the pandemic, it was about 6%.
What is the top online retailer in Vietnam
Most Visited eCommerce & Shopping Websites in Vietnam
| Rank | Website | Category |
|---|---|---|
| 1 | shopee.vn | eCommerce & Shopping > Marketplace |
| 2 | lazada.vn | eCommerce & Shopping > Marketplace |
| 3 | bachhoaxanh.com | eCommerce & Shopping > eCommerce and Shopping – Other |
| 4 | chotot.com | eCommerce & Shopping > Classifieds |
What is the biggest retail company in Vietnam
Mobile World Investment Joint Stock Company
Topping the list is Mobile World Investment Joint Stock Company (MWG). With more than 4,500 stores nationwide, this is the largest retailer in Vietnam in terms of revenue and profit.
What are the top 5 industries in Vietnam
Top industries in Vietnam 2021Information technology.Manufacturing and service industry.Tourism.Logistics.Construction and construction materials.Agricultural Industry.Food and beverage industry.
What is the top FMCG brand in Vietnam
Top 5 largest FMCG companies in VietnamVinamilk has just made a "hat-trick" in the Vietnam Brand Footprint 2022 report published by Worldpanel, Kantar.Masan Consumer Corporation is a subsidiary of Masan Consumer Holdings.Suntory PepsiCo Vietnam Beverage Company is the leading beverage company in Vietnam.
Is Vietnam cheap for shopping
Many things are cheaper in Vietnam, but not everything. As it turns out, certain goods are just as expensive here as they are anywhere else in the world. Here are some things to buy in Vietnam if you want to save money.
What brand is popular in Vietnam
Samsung has become the top-ranked brand in YouGov's 2022 Best Brand Rankings for Vietnam with a score of 49.4.
What is the richest company in Vietnam
As of November 2022, Vietcombank, also known as the Joint Stock Commercial Bank for Foreign Trade of Vietnam, was the leading company in Vietnam based on market capitalization, with a market capitalization of around 363 trillion Vietnamese dong.
Does Vietnam have luxury stores
Earlier, Tiffany & Co opened its store at Trang Tien Plaza. Most luxury brands are present in Vietnam, such as Louis Vuitton and Christian Dior, Prada, Hermes and Gucci, Patek Philippe, Hublot, Christian Louboutin and Mont Blanc, Cartier, Hugo Boss, Bottega, Kenzo and Valentino.
Is Vietnam a rich or Poor country
Vietnam's shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region.
Is Vietnam richer than India
Vietnam, on the other hand, has a significantly smaller economy. This factor certainly affects the country's GDP and GDP growth rate, especially when compared to India. However, there are still bright spots worth mentioning about Vietnam's economy. For instance, Vietnam's GDP per capita is higher than India's.
Are there luxury brands in Vietnam
Hanoi, the capital of Vietnam, has become a popular destination for high-end fashion and hospitality brands such as Dior, Louis Vuitton, Tiffany & Co. and Berluti.
Does Vietnam have luxury brands
Most luxury brands are present in Vietnam, such as Louis Vuitton and Christian Dior, Prada, Hermes and Gucci, Patek Philippe, Hublot, Christian Louboutin and Mont Blanc, Cartier, Hugo Boss, Bottega, Kenzo and Valentino.
Is Zara in Vietnam cheaper
In Vietnam, many items have to be sold cheaper compared to some other countries. For example, some of Zara's skirts in Vietnam may be VND100,000-200,000 ($4.5-$9) cheaper than in Thailand. Nevertheless, prices are still high. When entering Vietnam, somehow these affordable brands have turned into luxury fashion labels.
Is Vietnam or Thailand cheaper
When it comes to affordability, both Thailand and Vietnam are relatively inexpensive compared to many other destinations. However, in general, Vietnam is considered to be a more budget-friendly option than Thailand. Accommodations, food, and transportation are all cheaper in Vietnam, especially in rural areas.
Is Zara expensive in Vietnam
In Vietnam, many items have to be sold cheaper compared to some other countries. For example, some of Zara's skirts in Vietnam may be VND100,000-200,000 ($4.5-$9) cheaper than in Thailand. Nevertheless, prices are still high. When entering Vietnam, somehow these affordable brands have turned into luxury fashion labels.
Is Louis Vuitton cheaper in Vietnam
All things that fall apart with minimal regular use, and even quality dry cleaning . No, designer brands such as Gucci, Burberry and Louis Vuitton are not cheaper in Vietnam than in Australia. In fact, many designer brands are actually more expensive in Vietnam due to higher taxes and shipping costs.
Does Vietnam have a billionaire
Vingroup and its billionaire founder Pham Nhat Vuong—Vietnam's richest person—are injecting an additional $2.5 billion in fresh capital into VinFast to help accelerate the electric vehicle maker's expansion across North America and Europe.
Who is the first billionaire in Vietnam
Phạm Nhật Vượng (born 5 August 1968) is a Vietnamese property developer and Vietnam's first billionaire.
What is the top 1% in Vietnam
An individual in Vietnam now needs a net wealth of $160,000 to join the so-called '1 percent club' of the richest people in the country of 98 million. There were 19,491 people with a net worth of $1-30 million last year, down 6 percent from 2019.
Is Vietnam poorer than India
For instance, Vietnam's GDP per capita is higher than India's. Meanwhile, Vietnam's debt-to-GDP ratio (percent) is significantly lower than India's, indicating a lower level of foreign dependence.
Why is Vietnam so rich
Vietnam has become a leading agricultural exporter and served as an attractive destination for foreign investment in Southeast Asia. In the current period, Vietnam's economy relies largely on foreign direct investment to attract the capital from overseas to support its continual economic rigor.
Is Vietnam the cheapest country
Vietnam. One of the cheapest countries to live in is definitely Vietnam. Moving to Vietnam could be a great option for those who want to experience the country's unique culture and way of life on a more long-term basis.
Is Thailand poorer than Vietnam
Specifically, in the period 2018-2021, Thailand's average GDP (7,800 USD/year) is about 3 times that of Vietnam (2,740 USD/year). In 2021, the average GDP of Vietnam will reach about 2,859 USD and Thailand will reach about 7,645 USD. In 2021 alone, Thailand's average GDP is about 2.7 times that of Vietnam.
